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    DOW   US2605571031

DOW INC.

(DOW)
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Dow Low-Carbon Fossil Energy Solution Makes Asian Debut at the China International Import Expo

11/06/2021 | 08:38am EDT
Dow Low-Carbon Fossil Energy Solution Makes Asian Debut at the China International Import Expo
  • Specialty amine solvent technology enables energy and manufacturing companies to more economically and effectively reduce carbon emissions.

SHANGHAI, China - November 6, 2021 - Dow (NYSE: DOW) today officially launched its industry-leading solution for carbon capture for the Asian market at the 4th China International Import Expo, held in Shanghai from Nov. 5 to 10. The solution encompasses innovative formulated UCARSOL™ and SELEXOL™, as well as professional solvent management and maintenance services. Customers from electric power, refinery and chemical, steel, fertilizer and other industries can now achieve their carbon peak and neutrality goals through more effective and lower-cost carbon emission reduction and utilization technologies.

Dayua Environmental Service (Beijing) Technology Co. Ltd. signed an agreement with Dow for cooperation in carbon capture amine service, becoming the first partner in China to adopt the newly launched solution.

"As the world's leading materials science company, Dow has unique technologies and expertise to help customers deal with pressing climate change issues," said Vichan Tangkengsirisin, commercial director, Asia Pacific, Dow Industrial Solutions. "Chinese companies and industries are proactively formulating their carbon peaking and neutrality action plans in response to the Chinese government's '30·60' strategic goals. Dow is committed to providing highly efficient and low-cost carbon capture solutions to help customers in their energy transition and carbon reduction efforts."

Based on the company's 80-years of gas treating expertise, Dow's specialty solvent solution is tailored to effectively reduce customers' carbon emissions in industrial processes, especially for capturing carbon dioxide in the production of blue hydrogen, bio-energy, as well as other industrial process gas.

Integrated gasification combined cycle plants co-produce "blue hydrogen" when the by-products carbon dioxide and hydrogen sulfide are captured. Dow's UCARSOL™ and SELEXOL™ solvents and technologies effectively contains more than 90% of carbon dioxide. The captured carbon dioxide can be applied to CO2-based Enhanced Oil Recovery (EOR), which is one of the biggest applications of CO2 utilization. Dow provides tailor-made ELEVATE™ Miscible Gas Foam Conformance Solution with Dow specialty surfactants to oil field customers. Additionally, Dow's DOWTHERM™ thermal fluids enable concentrating solar power (CSP) customers to achieve effective production while realizing their carbon peak and neutrality goals.

Before debuting in Asia, Dow's carbon capture solution was deployed in pilot projects in power and refinery plants in Japan, South Korea and Thailand, generating outstanding ecological and economic benefits. The solution has enabled Dow customers to reduce carbon and greenhouse gas emissions with the lowest capital investment. In many cases, the conversion can be done online without plant shutdown, helping customers conserve steam consumption by 10% to 40%.

About Dow
Dow (NYSE: DOW) combines global breadth, asset integration and scale, focused innovation and leading business positions to achieve profitable growth. The Company's ambition is to become the most innovative, customer centric, inclusive and sustainable materials science company, with a purpose to deliver a sustainable future for the world through our materials science expertise and collaboration with our partners. 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 care. Dow operates 106 manufacturing sites in 31 countries and employs approximately 35,700 people. Dow delivered sales of approximately $39 billion in 2020. References to Dow or the Company mean Dow Inc. and its subsidiaries. For more information, please visit www.dow.com or follow @DowNewsroom on Twitter.

For further information, please contact:

Coco He
021-3851 1623
CHe@dow.com

Disclaimer

Dow Inc. published this content on 06 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 November 2021 13:37:00 UTC.


ę Publicnow 2021
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Sales 2022 60 295 M - -
Net income 2022 5 812 M - -
Net Debt 2022 10 286 M - -
P/E ratio 2022 8,73x
Yield 2022 4,12%
Capitalization 49 496 M 49 496 M -
EV / Sales 2022 0,99x
EV / Sales 2023 1,01x
Nbr of Employees 35 700
Free-Float 95,1%
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James R. Fitterling Chairman & Chief Executive Officer
Howard I. Ungerleider President & Chief Financial Officer
Attiganal N. Sreeram Chief Technology Officer
Melanie Kalmar VP, Chief Information & Digital Officer
Andre Argenton Vice President-Core Research & Development
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