MIDLAND, Mich., June 11, 2025 /PRNewswire/ — The Court docket of King’s Bench of Alberta, Canada has issued a judgment ordering NOVA Chemical compounds Company to pay Dow (NYSE: DOW) an extra quantity of CAD$1.620 billion (similar to roughly USD$1.2 billion) in damages. The judgment, signed on June 10, 2025, pertains to losses Dow incurred from the firms’ collectively owned ethylene asset in Joffre, Alberta, Canada. The award contains hobby to April 7, 2025, however excludes next hobby or prison prices. Cost is expected to happen within the fourth quarter of 2025.

This actual ruling and award of damages to Dow is along with a previous cost via NOVA to Dow of CAD$1.43 billion (roughly USD$1.08 billion) in damages in 2019 following a June 2018 determination. That call discovered NOVA had didn’t perform the collectively owned ethylene asset at complete capability and had breached contractual duties since 2001, to effect diminished ethylene to Dow. On attraction, the courtroom directed that Dow’s damages be recalculated for the duration from 2001 via 2012, in addition to for the duration from 2013 via June 2018, which had now not but been quantified.

The judgment is topic to attraction.

About Dow
Dow (NYSE: DOW) is without doubt one of the international’s important fabrics science corporations, serving shoppers in high-growth markets similar to packaging, infrastructure, mobility and client programs. Our international breadth, asset integration and scale, centered innovation, important trade positions and constancy to sustainability permit us to succeed in successful development and assistance ship a sustainable presen. We perform production websites in 30 nations and make use of roughly 36,000 nation. Dow delivered gross sales of roughly $43 billion in 2024. References to Dow or the Corporate heartless Dow Inc. and its subsidiaries. Be told extra about us and our ambition to be probably the most cutting edge, customer-centric, inclusive and sustainable fabrics science corporate on the planet via visiting www.dow.com.

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SOURCE The Dow Chemical Corporate