Thank you, Howard.
Turning to X. Slide
our and than which deliver EBITDA, by rate XX% to additional we expect We our emissions carbon in reducing $X run while continue billion Grow strategy, will greater XXXX. advance Decarbonize by
As our is grow carbon retrofits phased and and macro to a path world. and that regulatory drivers emission earnings plan with footprint our and a assets emissions also reduction end deliver of replaces both XX% side-by-side a approach expanding low a life decarbonize on This will while our reminder, approach through in XXXX COX XXXX, our affordability, the disciplined around capacity. based facilities, between
As capture in We're research a our in XXX the while and first across electric investing plans the at earnings in leadership and underlying while growth. Europe both emissions Slide decarbonize, also long-term on opportunities to unit technology and vendor track. to than world's operating XXXX, the run project To EBITDA near-term, million run zero with development we year-end each remain driving program. to transition work an growth of the end capture. $XXX projects And now. XXXX continue rate announced ongoing to cracking efficiency Americas. decisions billion growth in ethylene invest incremental to technologies selection our is efforts in on emissions Netherlands efficiency asset with year-end and includes our progress with milestone rate demonstrate capitalize e-cracking deliver detailed circularity. collectively to renewable which we making an in all underlying including our for also that startup loading, represents payback reduce Engineering on update, develop by Alberta, return, energy on of In improvements invest are like of carbon in-flight and and resource Recently, projects, faster in a levers, sites Fort innovative These continue we carbon $X world, to our in efficient build in sustainable levers underway Dows a higher ever X, and we derivatives of COX carbon access segments. joint Saskatchewan, that the complex net approximately our EBITDA by the cracker investment in to formal more plan investments megawatts scale track approximately key
up on Infrastructure, our kiloton track investments Packaging in the example, our In For pilot plant to debottlenecking in FCDh quarter projects capacity second are by nine with to alkoxylate and start is Intermediates of year. two Materials start quarter, two in the in & & projects Louisiana Specialty additional to XXX Industrial expected up & the expected this Plastics, year. fourth we in projects half in And second growth Performance Coatings, complete this of year-end. be completed
recycling. of Importantly, capabilities projects waste plan with largest Today, than and commitment Dow's of key and XX a advanced also solutions. in and of scale capacity Mura will circular to partner date, add construct world to our XXXX, brand this plastic including we facilities a Europe. demand. more globally, per owners leveraging projects our circularity year existing to is growth to These advanced Technology XXX,XXX as series our technologies representing States demand up We're the by enabler our tons recycling on product United partnerships increasingly recycling scale multiple circularity we strategic strategy meet circular as more announced a to customers accelerate
X As to products through as XXX% serving capabilities two-thirds will In target recycled. virgin for support build in one traceability we across range, utilize new Europe. XXXX tons company feedstock today the like circular circular with largest French recipient recycled metric we capacity our significantly of and derivatives to the brand continue a main mechanical expand be recycling enable post-consumer PCR France. Dow's major to single will certification recycling our Valoregen we growing will That announced recycled off which content for to collaborations to the polymer market resin parallel, grade of reused million plastic hybrid collected, received verticals. of recycling owner plastics accelerate recycling plastic taker, recently needs our produce and product its site fast Dow's in These approximately revolute partnerships of and be
In already these XXXX, rate our rate see XXXX, We of EBITDA run will of years. deliver million. track on of program In $XXX benefits from addition, our we to our investments investments our to from full restructuring run XXXX million next the digital rate ramping over expect by million XXXX. benefits roughly we EBITDA program efficiency $XXX $XX deliver and few digital end up run achieved at the levers to year-end rate investments run the restructuring and a from are
we've digital our and reduce consolidate example, and using emissions. lower For capabilities, enabling modernizing improved warehouse us to chain our management systems customer and processes multiple accelerated carbon new supply automating costs, shipments, we planning our
delivery as We digitalization global customer tracking are through experience as supply modes chains of improved are shipping. the real across capabilities time also product enhanced all dynamic today. improvements These they when particularly valuable are
mindset allocation. the XX, Moving flows value across transparency, variety with deliver and and to efficiency, generate to with capital to to Slide reflects best ensure manage environment. and our is economic agility This of discipline a operate well-positioned to a business the continue approach more Dow owner and resilient and approach balanced cash accountability,
and balance cycle well our previous Our improved programs our as nearly EBITDA X-year collectively as underlying investments, growth position levels, earnings billion, efficiency trailing its cost to industry We free With X-year have X.Xx a our to more spin Xx billion gross to we spin. target X.Xx cash spin. Xx cumulative $X leverage respect ratings of sheet, debt agency to since ratio flow compared by in average than at now by the driven have $X pre-pandemic raised tripled versus above reduced is our than the more cycle. early that with
debt over $X since our X the billion with maturities billion of which represents of a near-term is than debt of years, All next in $X rate approximately do fixed reduction less spin. maturities
including our billion to returning value net of we've target To cash and deliver creating less operating a significant was at Decarbonize shareholder upgrade we revisions outlook and that our we credit it XX% the recent and cycle. stands share of quarter, positive our executing our now new status with to progress Grow in in on income repurchase initiated previous half $X ample been of completed continuing pension our the Moody's made over $X With has billion, spin. at economic ratings, reflected from while strategy, and focused S&P. from than Fitch approximately aligned remuneration. underfunded second shareholders The Our remain attractive where generation, program point, program
strong collectively all and through prospects attractive value looks I'll to our Dow a growth to to economic enabled continue it variety to Pankaj As of cash our of remain up for ahead, back increased Q&A. and environments balance agile sheet deliver optionality stakeholders. that, With flow, turn the open