ENVIRONMENTAL PERFORMANCE INROADS FOR SUSTAINABLE DEVELOPMENT DOW | 2021 ESG REPORT | 21 INVESTING IN TRANSFORMATIVE NEXT-GENERATION TECHNOLOGIES Fluidized Catalytic Dehydrogenation (FCDh): We are investing in process technologies for producing ethylene and propylene that will help the industry in its journey to low- and zero-carbon emissions by 2050. For example, Dow is retrofitting our Louisiana-3 cracker with Dow’s UNIFINITY™ dehydrogenation process technology, which produces propylene with fewer CO 2 emissions and less energy. Additionally, the technology requires less capital and has a streamlined process that supports greater reliability. In late 2022, Dow’s Louisiana-3 cracker retrofit will be the first industrial olefins unit to use this advanced technology, demonstrating its versatility to right-size or tailor capacity to meet supply needs more sustainably. Electric cracking: In 2021, Dow and Shell reported progress on our joint technology program to electrically heat steam cracker furnaces. In the first year, the program has advanced electrification solutions for today’s steam crackers while also pursuing game-changing technologies for novel designs of electrified crackers in the longer term. This dual-path approach aims to support emissions reductions required to meet the companies’ 2030 carbon reduction ambitions and their targets to achieve zero-emissions businesses by 2050 or sooner. The project was awarded $4.2 million in Mission-driven Research, Development and Innovation (MOOI) funding by the Netherlands government and will join forces with The Netherlands Organization for Applied Scientific Research (TNO) and the Institute for Sustainable Process Technology (ISPT). This multi-stakeholder collaboration aims to accelerate key milestones for near-term progress and longer-term breakthroughs. CLIMATE PROTECTION