Dow wants to power its Texas manufacturing complex with new nuclear reactors instead of natural gas
Dow's subsidiary, Long Mott Energy, applied Monday to the U.S. Nuclear Regulatory Commission for a construction permit. It said the project with X-energy, an advanced nuclear reactor and fuel company, would nearly eliminate the emissions associated with power and steam generation at its plant in Seadrift, Texas, avoiding roughly 500,000 metric tons of planet-warming greenhouse gas emissions annually.
If built and operated as planned, it would be the first U.S. commercial advanced nuclear power plant for an industrial site, according to the NRC.
For many, nuclear power is emerging as an answer to meet a soaring demand for electricity nationwide, driven by the expansion of data centers and artificial intelligence, manufacturing and electrification, and to stave off the worst effects of a warming planet. However, there are safety and security concerns, the Union of Concerned Scientists cautions. The question of how to store hazardous nuclear waste in the U.S. is unresolved, too.
Dow wants four of X-energy's advanced small modular reactors, the Xe-100. Combined, those could supply up to 320 megawatts of electricity or 800 megawatts of thermal power. X-energy CEO J. Clay Sell said the project would demonstrate how new nuclear technology can meet the massive growth in electricity demand.
The Seadrift manufacturing complex, at about 4,700 acres, has eight production plants owned by Dow and one owned by Braskem. There, Dow makes plastics for a variety of uses including food and beverage packaging and wire and cable insulation, as well as glycols for antifreeze, polyester fabrics and bottles, and oxide derivatives for health and beauty products.
Edward Stones, the business vice president of energy and climate at Dow, said submitting the permit application is an important next step in expanding access to safe, clean, reliable, cost-competitive nuclear energy in the United States. The project is supported by the Department of Energy's Advanced Reactor Demonstration Program.
The NRC expects the review to take three years or less. If a permit is issued, construction could begin at the end of this decade so the reactors would be ready early in the 2030s, as the natural gas-fired equipment is retired.
A total of four applicants have asked the NRC for construction permits for advanced nuclear reactors. The NRC issued a permit to Abilene Christian University for a research reactor and to Kairos Power for one reactor and two reactor test versions of that company's design. It's reviewing an application by Bill Gates and his energy company, TerraPower, to build an advanced reactor in Wyoming.
X-energy is also collaborating with Amazon to bring more than 5 gigawatts of new nuclear power projects online across the United States by 2039, beginning in Washington state. Amazon and other tech giants have committed to using renewable energy to meet the surging demand from data centers and artificial intelligence and address climate change.
___
The Associated Press' climate and environmental coverage receives financial support from multiple private foundations. AP is solely responsible for all content. Find AP's standards for working with philanthropies, a list of supporters and funded coverage areas at AP.org.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


CNBC
a few seconds ago
- CNBC
Stock futures are little changed following back-to-back winning weeks: Live updates
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., August 12, 2025. Brendan McDermid | Reuters Stock futures are near flat Sunday night after hopes for lower interest rates fueled a winning week on Wall Street. Dow Jones Industrial Average futures added just 3 points. S&P 500 futures and Nasdaq 100 futures were also little changed. Sunday night's action comes after the three major averages notched their second straight positive week. The Dow climbed 1.7%, while the S&P 500 and Nasdaq Composite rose 0.9% and 0.8%, respectively. It was also the fourth week of gains out of the last five for the S&P 500 and Nasdaq. Small-cap stocks outperformed last week, jumping more than 3% as investors bet on forthcoming rate cuts from the Federal Reserve. Ross Mayfield, investment strategist at Baird Private Wealth Management, also pointed to the S&P 500 Equal Weight Consumer Discretionary index hitting an all-time high as a sign that tariff-driven economic fears may be overblown. "With the market's message quite upbeat ... it raises the question of whether the conventional wisdom about a weakening U.S. consumer and potential stagflation is missing the mark," he wrote in a Friday note. The Fed will continue to be in focus this week as central bank members travel to Jackson Hole, Wyoming, for the annual economic policy symposium. Investors will be monitoring the event for clues about the future path of rates. Fed funds futures are pricing in a nearly 85% likelihood that the central bank cuts rates at its next policy meeting in September, according to CME's FedWatch tool. Beyond economic policy, traders will be monitoring earnings reports due over the course of the week as the season winds down. Big-box retailers, including Home Depot , Lowe's , Walmart and Target , are among the major companies slated to release results this week. Of the more than 92% of S&P 500 companies that have already reported this quarter, almost 82% have surpassed Wall Street's expectations, according to FactSet.
Yahoo
an hour ago
- Yahoo
Can I Have A Reason To Buy Dow Inc. (DOW)? Asks Jim Cramer
We recently published . Dow Inc. (NYSE:DOW) is one of the stocks Jim Cramer recently discussed. Dow Inc. (NYSE:DOW)'s shares are among the worst performers on the stock market in 2025 as they have lost 40% year-to-date. The firm has struggled due to sluggishness in the broader industrial sector and worries about the impact of tariffs on global trade. Dow Inc. (NYSE:DOW) also shocked investors in July when it slashed its dividend in half and revealed that its packaging revenue had dropped by 8.9% to $5 billion. Cramer isn't a fan of the stock: 'Dow, can I have a reason? It's like you've got to give me a reason to recommend the stock. You can't just say you know what we're going to buy it because it's low. Cause a lot of that is going to derived by China and I'm not seeing it.' After Dow Inc. (NYSE:DOW) halved its dividend, Cramer was full of words for the firm: 'A dividend sucker is born every minute. Last week, chemical giant Dow cut its dividend in half, taking it from 70 cents per quarter to 35 cents, saving about $1 billion annually… I heard that the dividend would protect the stock. When Dow's dividend yield was 5%, the presumption was that you had to buy. Why? Because that was better than the 10-year treasury yield. See, people said you were basically being paid to wait for the chemical business to turn around… Copyright: bialasiewicz / 123RF Stock Photo Now, I've always championed the notion that we should be looking for what I call accidental high yields, stocks that have fallen so low, not based on the company, but on a market-wide move. Now, these stocks can be terrific investments, but was Dow an accidental high-yielder? If you look at its history, you know that Dow cut its dividend in March of 2009 from 42 cents to 15 cents. So it's not like they have a long track record of consistency. No. The lesson of Dow is that if you see a yield that's too high, it's not a sign of safety, it's a sign of danger… While we acknowledge the potential of DOW as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
4 hours ago
- Yahoo
Rystad Energy Reveals Surprising Oil Resource Trends
Rystad Energy's latest research shows the global amount of discovered, recoverable oil resources has increased by 5 billion barrels over the past year, even though 30 billion barrels were produced globally in 2024. This net increase was driven primarily by the delineation of upside potential in Argentina's Vaca Muerta play and the Permian Delaware basin in Texas and New Mexico. Global recoverable oil resources, including estimates for undiscovered fields, stabilized at approximately 1.5 trillion barrels. The most significant revision over the last 10 years has been in yet-to-find resources, where our projection has been reduced by 456 billion barrels. This is due to a steep decline in frontier exploration, unsuccessful shale developments outside the Americas and a doubling in offshore costs over the past five years. Rystad Energy expects reserve replacements from new conventional oil projects to be less than 30% of production over the next five years, while exploration would replace only about 10%. A total of 1,572 billion barrels of crude oil were produced historically from 1900 through 2024. Today, the world's proven oil reserves equal only 14 years of production. If future global oil demand increases, as forecast by OPEC, supply will likely struggle to meet demand, even at attractive, high prices for producers. However, if the energy transition continues to make inroads, future oil demand is expected to fall, particularly with the greater electrification of transport vehicles, as seen in China. "Full extraction of these oil resources will require oil prices stabilizing at higher levels and further estimate increases will require new technologies to lower production costs. Over the next decades, the capital needed will likely not be available to meet continuously increasing oil demand, service prices could skyrocket, and there will likely be limited appetite for innovations to sustain such high emissions from oil." Per Magnus Nysveen, Chief Analyst, Rystad Energy If oil demand rises over the next few decades, global recoverable resources will not offer the supply needed to meet it, creating a constrained economic environment that wouldn't be able to compete with less capital-intensive energy sources. As a result, Rystad Energy does not expect oil demand to continue to grow steeply towards 2050, with the company's analysis concluding that the worst-case warming scenarios evaluated by the Intergovernmental Panel on Climate Change (IPCC) will not materialize. Referring to Rystad Energy's highest scenario, which leads to a 2.5°C rise in temperature, future CO2 emissions from fossil fuels will be limited to 2,000 gigatons of carbon dioxide (GtCO2), of which 900 Gt will come from coal, 600 Gt from oil, and 500 Gt from natural gas and natural gas liquids (NGLs). This is 500 Gt less CO2 than the IPCC's mid-scenario, which leads to 2.8°C of warming. 'In a world with flat or growing demand after 2030, another oil super-cycle would be needed. This scenario would require a substantial increase in frontier exploration and drilling success as well as accelerated deployment of secondary recovery and full-scale development of non-core shale plays in North America and globally.' Artem Abramov, Deputy Head of Analysis, Rystad Energy By Rystad Energy More Top Reads From this article on