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Dow reaches milestone in landmark sustainability goal

September 14/2020

MOSCOW (MRC) -- Dow announced that it is halfway to it meeting its goal of delivering USD1 billion in business value from projects that “enhance nature, said Chemweek.

The 2025 sustainability target dubbed “Valuing Nature” was announced in 2015 and builds on Dow’s long-running collaboration with The Nature Conservancy. 

Dow says the Valuing Nature goal is the first-ever commitment by a corporation to systematically consider nature in its business decisions on such a major scale. Savings are primarily achieved by considering capital costs and lowered long-term operational and maintenance costs.

"By systematically providing the tools, structure, and business environment, we are demonstrating how investing in nature can help businesses and other organizations save money, reduce risks, and build value for all stakeholders," says Mary Draves, chief sustainability officer and vice president of Environment, Health & Safety for Dow.

Projects that contributed to the goal include a collaboration with Dutch water treatment company Evides to use local wastewater for industrial purposes, resulting in a 96.5% reduction in energy consumption and lower maintenance costs; the use of readily available stone and reinforced vegetation to stabilize brine wells in Aratu, Brazil, that reduced carbon emissions and impact on the local forest compared with traditional steel and concrete solutions; and the use of biochemical processes to treat zinc seepage in Arkansas instead of traditional neutralization systems.

As MRC informed earlier, Dow said its sites along the US Gulf Coast reported no major damage from Hurricane Laura. Dow’s sites in Sabine, Beaumont, Deer Park, La Porte, Bayport and Texas City, Texas shut down operations prior to Laura making landfall. Dow's Freeport, Texas site continued operating as did facilities across Louisiana. Dow said it has not identified any significant structural damage or flooding at any of the facilities.

Ethylene and propylene are feedstocks for producing polyethylene (PE) and PP.

According to MRC's DataScope report, PE imports to Russia dropped in January-June 2020 by 7% year on year to 328,000 tonnes. High density polyethylene (HDPE) accounted for the main decrease in imports. At the same time, PP imports into Russia rose in the first six months of 2020 by 21% year on year to 105,300 tonnes. Propylene homopolymer (homopolymer PP) accounted for the main increase in imports.

The Dow Chemical Company is an American multinational chemical corporation. Dow is a large producer of plastics, including polystyrene, polyurethane, polyethylene, polypropylene, and synthetic rubber.
Author:Anna Larionova
Tags:ABS, petroleum products, PP, PS, PE, petrochemistry, Dow.
Category:General News
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