The Dow Chemical Company
Chemistry Fueling Solutions for
Gas Processing
Company Overview 2014 Sales of $58,167 million
Dow Sites Around the World Corporate Stats
• 2014 Adj. EBITDA1 of ~$9.3B
• 2014 Adj. ROC2 of 10.8%
• 2014 Cash Flow from Operations of $6.5B
• ~53,000 employees
• >6,000 product families
• Sales in ~180 countries
1Adjusted EBITDA is defined as EBITDA excluding the impact of “Certain Items.” 2Adjusted Return on Capital is on a trailing twelve-month basis and defined as Adjusted Net Operating Profit After Tax divided by Average Total Capital. “Adjusted Net
Operating Profit After Tax” is defined as Adjusted Net Income plus Preferred Stock Dividends plus Net Income Attributable to Noncontrolling Interests plus gross interest
expense less tax on gross interest expense. “Adjusted Net Income” is defined as Net Income excluding the impact of “Certain Items.” “Total Capital” is defined as Total
Debt plus The Dow Chemical Company’s Stockholders’ Equity plus Redeemable Noncontrolling Interest plus Non-redeemable Noncontrolling Interests.
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Dow Value Chain fully integrated into Oil & Gas
feedstock
We turn Crude Oil- and Natural
Gas- based raw material into
basic Chemical Building Blocks
for Dow's downstream portfolio
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Dow investing in Natural Gas Integration
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Caspian Oil & Gas Industry
- Strengths & Opportunities
• Kashagan oil field
• Shah Deniz & Shah Deniz 2
• Absheron gas field
• Imminent opening up of the Iran market
• Southern Gas Corridor / Expansion of gas
pipelines across Europe
South Caucasus Pipeline (SCP) through
Azerbaijan & Georgia
Trans Anatolian Gas Pipeline (TANAP) across
Turkey
Trans Adriatic Pipeline (TAP) across Greece,
Albania into Italy
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Maximizing value for Oil & Gas through Chemistry
Innovation
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Dow’s Solutions
• UCARSOL™ and SELEXOL™ Solvents
• Ethanolamines and Isopropanolamines
for gas sweetening
• Organic and Siliconic Antifoams for gas
• Heat Transfer Fluids
• NORKOOL™ DESITHERM for gas
dehydration
Gas Processing Needs
M o r e t h a n 7 0 y e a r s o f
e x p e r i e n c e a n d
b a c k e d b y m o r e t h a n
1 , 0 0 0 g l o b a l
r e f e r e n c e s i n g a s
t r e a t i n g .
Gas quality in the Caspian Sea
Varies across the Caspian Region
• Sour reserves in Kazakhstan (14% H2S) to
sweeter gas in Turkmenistan
Presence of Contaminants like
mercaptans
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Customized Offerings in Gas
Sweetening
Hybrid Solvents for
Mercaptan and organic
sulfur removal –
capturing organic sulfur
compounds requires
unique solutions
UCARSOL™ HYBRID
Series– removal of
organic sulfur and
meeting total sulfur
specification
Selective H2S –
preferentially absorbing
H2S while allowing CO2
to slip
• UCARSOL™ HS-101
for gas treating
• UCARSOL™ HS-102
for acid gas
enrichment
• UCARSOL™ HS-103
for tail gas treating
• UCARSOL™ HS-115
for liquid hydrocarbon
treating
Tunable CO2 removal –
removal of CO2 to a
desired specification
• UCARSOL™ AP-802,
AP-804, AP-806 for
removal of CO2 to
pipeline specification
• UCARSOL™ AP-810,
AP-814 for removal of
CO2 to cryogenic
specification
Refinery, low-energy
solvents –
where removal of bulk
components is desired,
but minimizing energy
is key
• UCARSOL™ LE-713,
LE-714, LE-801 –
maximize energy
savings
SELEXOL™ Solvent
Removal of acid gas, organic sulfur and hydrocarbons when there is a high partial pressure of target components
UCARSOL™ Solvents
Multiple formulations used for gas treating; each provides key benefits, depending on customer specifications
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Solutions for Engineering Companies
Many large-scale plants are designed and constructed using Dow technology. As a result,
Dow works well with almost every engineering company from pre-FEED to post-
commissioning to ensure a seamless customer experience.
Activities include:
• UOP relationship
• Long lead time/collaborating from pre-FEED stages of a project
• Work with all engineering companies
UCARSOL™ Technology
Evaluation and Selection
Process Material and
Energy Balance
Equipment Evaluation
(conversion preparation)
EPC by Reputable Company
UOP Technology and Engineering
AmineGuard FS™ and SELEXOL™
Plus start-up and ongoing technical service
Reference Customers
(provided upon request)
UCARSOL™ Manufacture
and Delivery (initial fill)
On-Site Start-Up Assistance
UCARKLEAN™
UCARSOL™ Make-Up
UCARSOL™ Laboratory Analysis
Engineering Consultation and
Computer Simulations
AMINE MANAGEMENTSM Program
Plant Optimization and
Troubleshooting
Facility Design Plant Start-Up
No
n-L
ice
ns
ed
Te
ch
no
log
y
Lic
en
se
d
Commission Time
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Collaborating with Customers for Process Optimization
R e d u c e d
E n e r g y U s a g e Ad d i t i o n a l U n i t
C a p a c i t y
I n c r e a s e
C o r r o s i o n
&
C o n t a m i n a n
t
R e d u c t i o n
O p e r a t i o n s
Tr o u b l e s h o o t i n g
M a x i m i z e d
S o l v e n t L i f e
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Refinery References: Value to Customers
Technical Solutions for Plant Optimization
Plant
Capacity Increase
Energy Reduction
Reduction in Solvent
Make-up
Reduction in Corrosion
Comments
Refinery #1 DEA UCARSOL LE
13% crude
processing
170 Billion BTU/yr
17%
10-12 mpy <5mpy
Crude process capacity increase with no capital; Lower corrosion, TOTAL COST SAVINGS: $2MM/yr
Refinery #2 MDEA UCARSOL HS
48% 350 Billion BTU/yr
20%
<3 mpy Treating capacity increase with no capital, TOTAL COST SAVINGS: $0.8MM/yr
Refinery #3 MEA UCARSOL LE
30% 700 Billion BTU/yr
59%
>10 mpy <3mpy
Treating capacity increase with no capital. Total cost savings $3MM/yr
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Refinery Reference (Russia): LPG Treater
Results:
• RSH spec achieved less 200 ppm (from 700-1300 ppm) in treated
LPG
• RSH level in downstream C5+ stream in target range 200-400 ppm
Objectives:
• Processing crude quality change
• Mercaptans (RSH) level rise
Challenges:
• Difficult to achieve RSH specs of treated LPG
• Very high feed LPG/amine flow rates in columns
Solution:
• On-line conversion from MEA to UCARSOLTM LE-777
• Service support through AMPSM to ensure smooth
transition without operational disruptions
• Amines concentration increased from 14%wt. to
40%wt.
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Dow Brands Across the Oil & Gas Value Chain
• Drilling
• Cementing
• Stimulation
• Phase
separation
• Asset integrity
• Flow assurance
• Gas injection
• Chemical flooding
• Thermal recovery
applications
• Offshore flow
assurance
• Gas
recompression
• Gas dehydration
• Gas compressor
engines
• Gas pipeline line
heaters
• Onshore and
offshore gas
processing
• LNG
• Gasification
• Acid gas
enrichment/sulfur
plants
• Ammonia
synthesis
• Acid gas removal
• LPG treating
• Isomerization and
reformer
regeneration
• Heat transfer
Our brands:
• EMBARK™
• ACCENT™
• DEMTROL™
• ROMAX™
• AQUCAR™
• ELEVATE™
• ROMAX™
• DOW
FILMTEC™
• DOW
IntegraPac™
• HYPERLAST™
• NORKOOL™
• DESITHERM™
• UCARSOL™
• SELEXOL™
• NORKOOL™
DESITHERM™
• DOWTHERM™
• SYLTHERM†
• SulFerox®
• UCARSORB™
• AMINE
MANAGEMENTS
M Program
• UCARSOL™
• SELEXOL™
• UCARSEP™
• ISOFORM™
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In the Words of Our Founder
“If you can’t do it better, why do
it?”
– Herbert H. Dow
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Thank You
®™Trademark of The Dow Chemical Company (“Dow”) or an affiliated company of Dow SMService mark of The Dow Chemical Company