MOSCOW (MRC) -- Dow chairman and CEO Jim Fitterling is N1 in the 2020 ICIS Top 40 Power Players, a global ranking of the leading CEOs and senior executives making the greatest positive impact on their companies and the industry, said the company.
"With a sharp focus on ESG (environmental, social and governance), Fitterling is leading Dow in a new direction through capital disciplined growth combined with sustainability, featuring exciting initiatives in plastics recycling and 'zero carbon crackers'," said Joseph Chang, global editor of ICIS Chemical Business.
Under Fitterling, Dow is accelerating its sustainability goals, aiming to take out around 5m tonnes/year of carbon dioxide (CO2) emissions from its 2020 baseline by 2030 - a 15% reduction - and getting to carbon neutral by 2050.
By 2030, Dow aims to enable 1m tonnes of plastic to be collected, recycled or reused through direct actions and partnerships, and by 2035 have 100% of its packaging products be recyclable or reusable.
"The company's new culture of capital discipline has also served stakeholders well through the coronavirus pandemic as its strong balance sheet served as a buffer from extremely challenging business conditions," noted Chang.
In the 2020 ICIS Top 40 Power Players ranking, Saudi Aramco president and CEO Amin Nasser came in second, followed by Solvay CEO Ilham Kadri.
The ICIS Top 40 Power Players ranking is based on selections by the global ICIS senior editorial staff.
In the 2020 ICIS Top 40 Power Players ranking, Saudi Aramco President and CEO Amin Nasser came in second, followed by Solvay CEO Ilham Kadri. The ICIS Top 40 Power Players ranking is based on selections by the global ICIS senior editorial staff.
As MRC informed earlier, Adriano Alfani, senior global business director at Dow, has been named new CEO of Versalis, effective 1 January. Daniele Ferrari, who has served as Versalis CEO since February 2011, will leave the company at the end of the year. Alfani started his career at Versalis predecessor EniChem and has been with Dow since 2001.
According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 1,760,950 tonnes in the first ten months of 2020, up by 3% year on year. Only high density polyethylene (HDPE) and linear low density polyethylene (LLDPE) shipments increased. At the same time, PP shipments to the Russian market reached 978,870 tonnes in January-October 2020 (calculated using the formula: production minus exports plus imports minus producers' inventories as of 1 January, 2020). Supply of exclusively of PP random copolymer increased.
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