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Dow exec sees climate change as opportunity for petchem innovation

March 01/2021

MOSCOW (MRC) -- Dow Inc is adjusting its carbon footprint and product slate to adapt to climate change and tap evolving consumption trends tied to the global energy transition, a senior executive said this week, said Hydrocarbonprocessing.

Dow has pledged to become carbon neutral by 2050 by boosting the use of renewable energy, such as wind power in the southern United States, and by improving energy efficiency at its petrochemical plants, Dow's Asia Pacific President Jon Penrice told Reuters on Wednesday.

It is also developing products that help customers cut their own emissions such as sealants that improve heating efficiencies in buildings, materials to lighten electric vehicles and make batteries more efficient, he said. "We actually see climate change as something that's very likely to happen, high probability and high impact," Penrice said. "It's going to be a big opportunity I think for many, many players in the petrochemical industry."

Dow launched its MobilityScience platform last year aimed at tapping the "lightweighting" push among car manufacturers seeking to increase the range and lower the power needs of electric vehicles (EV). "We have global sales today of 3 million (EVs), which is only 4% of the global market, but that's growing extremely fast in Asia Pacific, mainly in China, but also around the rest of the world now," Penrice said.

"You have to redesign everything from lighter weight materials, longer-range performance, battery materials, comfort and safety in the car, and overall a lower carbon footprint." Dow is collaborating with traditional original equipment manufacturers and EV startups in China, Penrice said.

Dow has also targeted the wind energy sector with materials that toughen wind turbine blades which are now four- to five-times longer than before, and using coatings to make them resistant to icing during winter, he added. The company is also designing products geared towards a circular economy, such as single-layer food packaging that can be more easily recycled.

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

According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 2,220,640 tonnes in 2020, up by 2% year on year. Only shipments of low density polyethylene (LDPE) and high density polyethylene (HDPE) increased. At the same time, polypropylene (PP) shipments to the Russian market reached 1 240,000 tonnes in 2020 (calculated using the formula: production, minus exports, plus imports, excluding producers' inventories as of 1 January, 2020). Supply of exclusively PP random copolymer increased.
Author:Anna Larionova
Tags:petroleum products, crude oil, PP, PE, neftegaz, petrochemistry, Dow.
Category:General News
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