Dow Commits to Accelerating the Circular Ecosystem by Transforming Waste and Alternative Feedstock To Deliver 3 Million Metric Tons per Year of Circular and Renewable Solutions by 2030
"We are expanding our commitments to address plastic waste and meet customers' increasing demands for more sustainable and circular products," said
It is expected that the waste required to produce 3 million metric tons of circular and renewable solutions per year by 2030 will surpass and replace Dow's original 1 million metric ton goal.
"Our expanded sustainability target reflects our commitment to raise the bar for ourselves and the broader industrial ecosystem as we leverage our materials science expertise, commitment to circular innovation and productive collaboration with our partners," said
Several recently announced circular and mechanical offtake agreements and projects will help contribute to achieving the target, including:
*Agreements with Mura Technology to construct multiple world-scale advanced recycling facilities in the
*An investment to build the largest single hybrid recycling site in
*A collaboration with Nexus Circular to create a circular ecosystem in
*Mechanical recycling collaboration with Boomera LAR in
*An investment in
*A memorandum of understanding (MoU) with Lucro Plastecycle to develop and launch polyethylene (PE) film solutions using PCR plastics in
To support Dow's expanded target and to support accelerated success through stronger focus, increased accountability and robust decision-making, Dow has also recently formed a new business platform, Circular & Renewable Solutions, aligned within the Packaging & Specialty Plastics operating segment.
"Today's announcement demonstrates our strong commitment to increase our use of feedstocks from recycled and renewable sources," said
Progress against the revised target will be included in the Company's consolidated Environmental, Science and Governance report, 'INtersections,' which can be found here.
About Dow
Dow (NYSE: DOW) combines global breadth; asset integration and scale; focused innovation and materials science expertise; leading business positions; and environmental, social and governance (ESG) leadership to achieve profitable growth and deliver a sustainable future. The Company's ambition is to become the most innovative, customer centric, inclusive and sustainable materials science company in the world. Dow's portfolio of plastics, industrial intermediates, coatings and silicones businesses delivers a broad range of differentiated, science-based products and solutions for its customers in high-growth market segments, such as packaging, infrastructure, mobility and consumer applications. Dow operates 104 manufacturing sites in 31 countries and employs approximately 35,700 people. Dow delivered sales of approximately
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