MOSCOW (MRC) -- Dow announced that its carbon partnership with the International Olympic Committee (IOC) has delivered on the goal of two mln tons of third-party verified CO2e emission reductions by end of year 2021, five years ahead of the original 2026 goal year, said the company.
Dow was named the official carbon partner of the IOC in 2017 and has since developed a portfolio of global carbon mitigation projects based on Dow’s technology for the built environment, packaging and industrial processes, combined with carbon offsets from high quality external projects. The objective was to balance the IOC’s direct and indirect carbon emissions during the period of 2017-2020, while generating long-term carbon savings in different industry sectors well beyond that period. Altogether, the collaboration’s resulting emissions are expected to leave a positive climate legacy.
Dow’s 10-year participation in the olympic partner program as well as its tenure as the official carbon partner of the IOC concluded at the end of 2021.
Environmental Resources Management provided third-party verification of GHG emission reductions against the Dow climate solutions framework.
In addition to the Company’s carbon partnership with the IOC, Dow’s collaborations with the broader Olympic Movement have brought new levels of science and innovation to multiple high-carbon industries through more than 20 carbon mitigation projects in over 12 countries, including those completed in conjunction with the Sochi 2014 and Rio 2016 Olympic & Paralympic Organizing Committees. Together, these collaborations have delivered third-party verified emission reductions of more than 6 MM tons of CO2e since launched.
As per MRC, Cracking unit N7 of Dow Chemical, one of the largest US petrochemical companies, in Freeport (Texas, USA) suffered a technological failure on December 27, the company said in a statement. So, according to the statement, the failure of the technological process at this enterprise with a capacity of 725 thousand tons of ethylene and 80 thousand tons of propylene per year led to the release of substandard products, as a result of which the company had to reduce the capacity utilization at this plant. However, the Dow was able to restore the download on the same day. Meanwhile, emissions of chemicals into the atmosphere were observed for about 6 hours.
According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 2,265,290 tonnes in the first eleven months of 2021, up by 14% year on year. Shipments of all grades of ethylene polymers increased. At the same time, PP shipments to the Russian market were 1,363,850 tonnes in January-November, 2021, up by 25% year on year. Supply of homopolymer PP and block-copolymers of propylene (PP block copolymers) increased, whereas supply of injection moulding PP random copolymers decreased significantly.
MRC