Chairman and Chief Executive Officer at DOW
Thank you, Howard. Turning to Slide 10, at our Investor Day in October, we laid out our disciplined strategy to decarbonize and grow the company, supported by a series of implied earnings growth programs that will drive over $3 billion and underlying EBITDA growth. In 2022, our capital and operating investments are on track to deliver $200 million to $300 million in run rate EBITDA and will serve higher margin differentiated applications where demand is accelerating as customers work to reduce their own carbon footprint.
In packaging and specialty plastics, our Fort Saskatchewan expansion completed last year, will deliver a full year of earnings growth to support increasing polyethylene demand, and our FCDh pilot plant in Louisiana will start up this year to produce propylene for coatings, electronics and durables end markets. Notably, the technology enables lower CapEx, OpEx and CO2 emissions compared to conventional PDH technologies. These projects serve faster growing, more sustainable market segments such as renewables to drive lower carbon emissions for our customers. For example, our endurance compounds for cable systems support next generation longer life and lower carbon emissions infrastructure including on and offshore wind farms by reducing the cable manufacturing carbon emissions footprint by 80%, and our ENGAGE elastomers deliver 35% improved performance and efficiency for solar photovoltaic applications.
In industrial intermediates and infrastructure, our alkoxylates and PU systems expansion projects are closely linked with brand owner demand for higher-value, differentiated downstream applications across home and consumer care, agricultural and infrastructure end markets. For example, our surfactants offer an improved environmental profile for leading brand owner laundry and home care products. And our polyurethane system PASCAL technology enables up the 10% greater energy efficiency in appliances without raising manufacturing costs.
In performance materials and coatings, we're expanding capacity and formulated solutions for coatings and silicones through incremental debottlenecking projects. Our products enable higher performing, more sustainable solutions targeting mobility, consumer and infrastructure end markets. For example, FASTRACK coatings enable autonomous mobility infrastructure and have approximately 45% lower greenhouse gas emissions, and our DOWSIL technology enables higher density, lower cost battery packs for the fast-growing electric vehicle market.
Finally, as Howard mentioned, our restructuring program and digital investments will continue to support our low-cost operating model and top quartile cost structure.
Turning to Slide 11, the increasing demand for sustainable products represents a significant growth opportunity for Dow with attractive pricing that will support longer term, higher quality earnings. Our customers are looking for opportunities to enhance their sustainability and we are meeting those needs with lower carbon emissions solutions, beginning with our own operations. Our Alberta project will decarbonize approximately 20% of Dow's global ethylene capacity while growing our global polyethylene supply by about 15%. We are also working with our suppliers to reduce our Scope 3 carbon emissions. To date, we have more than 150 supplier agreements in place and have adopted third party frameworks like CDP, Together for Sustainability, and EcoVadis to drive tangible improvement in environmental performance along the value chain.
We continue to advance a circular economy for plastics and see a consistent trend across our brand owner customer base toward redesigning packages to be recyclable and incorporating 30% post consumer recycled content in their packaging by 2030. Six of our largest sites have now received international sustainability and carbon certification plus recognition for tracking the use of sustainable feedstocks. We are advancing our partnership with Mura Technology to scale advanced recycling solutions and secure circular product supply. Mura broke ground on the new plant with an expected startup around the end of the year.
Earlier this month, we announced an investment in Mr. Green Africa, the first recycling company in Africa to be a certified B Corporation, which includes socially responsible waste collection and plans to co-develop new flexible plastic packaging that will enable more sustainable packaging solutions. A first of its kind investment for Dow in Africa, this business model will be scaled to other developing regions around the world.
We continue to grow our recyclable offerings recently doubling sales with Chinese laundry brand Levi and increasing our addressable market opportunities, and like the partnerships Dow recently announced to source pyrolysis oil from Gunvor and New Hope Energy; these investments in circularity are examples of our progress and solid foundation as we grow and scale circular solutions.
To close on Slide 12, 2021 was an outstanding year for team Dow, we delivered record financial performance and continued our disciplined execution of our strategic priorities. Building on this foundation, we're focused on advancing our plan to decarbonize our assets and grow earnings. Our competitive advantage enables us to meet the increasing needs of our customers and consumers who are demanding more circular and sustainable products, while we work to achieve zero carbon emissions in our own operations. And as we look ahead, our priorities remain consistent.
Our focus on profitable growth while maintaining a low cost position and best owner mindset will enable us to deliver on our earnings growth levers. We will continue to maintain our balanced and disciplined approach to capital allocation driving higher returns for the company and our shareholders, while retaining the financial flexibility that has served us well. And we will continue to advance our leadership in ESG with a clear path to achieve our 0 carbon, circularity, and sustainability targets. and sustainability targets. The world and our customers are demanding a more sustainable future. As we execute our ambition, I'm confident that we will create significant long-term value for all of our stakeholders. With that, I'll turn it over to Pankaj to open up the Q&A.