As highlighted in Dow’s January 29 earnings call, Dow remains focused on maintaining financial flexibility while positioning the company for long term value creation as broader macroeconomic conditions improve. In this context, Dow has updated the timeline for the Fort Saskatchewan Path2Zero (FS P2Z) project to ensure responsible sequencing and sustained progress.
The reprofiling reflects a strategic response to prolonged market softness and tighter cashflow conditions, and extends major construction, commissioning, and startup activities by approximately two years. Under the revised schedule, Phase 1 is now targeted for completion in late 2029, with Phase 2 completion expected in late 2030. This adjustment is consistent with what Dow communicated last year and designed to optimize engineering workflows, material and equipment delivery, and construction execution readiness across all project scopes.
By shifting these critical activities, Dow can better manage project schedules, maintain alignment across project tracks, and ensure that the projects advance with the efficiency and predictability required for long term success. The strategic rationale for FS P2Z remains strong, and Dow continues to be committed to delivering the project.
Throughout 2026, Dow will continue to focus on shared goals and open communication.