MIDLAND, Mich.--(BUSINESS WIRE)--The Dow Chemical Company (NYSE: DOW) announced today that it has committed to spend $2.8 million over the next two years to drive solutions that address global marine debris and litter. The company made the announcement on Friday, September 16th at the inaugural Our Ocean Conference in Washington, D.C., hosted by U.S. Secretary of State John Kerry.
Dow, in alignment with the global plastics industry and key association partners, recognizes marine debris and litter as a critical issue and is committed to collaborating to address this global challenge with effective science-based solutions.
“Dow is committed to finding viable science-based solutions to keep our oceans clean,” said Jim Fitterling, Dow’s president and chief operating officer. “These efforts are aligned to our 2025 Sustainability Goals and our efforts to advance a circular economy by delivering solutions to close resource loops and increase the rate of recycling and reuse of plastics.”
Dow’s $2.8 million commitment will be focused on two areas. Approximately half of the support will go toward sponsorship of collaborative projects such as the Ocean Conservancy’s research and waste management pilot programs and to support educational programs to promote recycling and prevent littering.
The other half of Dow’s support will support ongoing research such as that being done by the Ellen MacArthur Foundation involving the development of new technologies to create a more circular economy while advancing opportunities to turn waste into a valuable end-state This includes work to increase the recyclability of flexible packaging and driving the development of chemical recycling technologies to convert non-recycled plastics into feedstocks that can be used to make new materials.
“Plastics offer many advancements that improve our everyday life - from packaging that helps reduce global food waste to life-saving innovations in the medical field,” said Diego Donoso, business president of Dow Packaging and Specialty Plastics. “Yet, not all plastics waste ends up where it should and that is why we are working with the private sector, industry trade associations, academia and NGO’s to develop targeted global actions that will mitigate or even stop the amount of marine debris polluting our ocean.”
Dow is already a member of a global coalition led by the Ocean Conservancy that includes industry leaders, ocean advocates, analytical advisors, donors and government agencies committed to identifying the causes and developing solutions to prevent waste from entering the seas. This coalition has issued a report identifying the major pathways of plastic leakage into the ocean and identified solutions for these countries to properly concentrate and treat the plastic waste before it makes its way into the ocean.
Dow also engages in coastal clean-up initiatives through employee engagement, financial support, and donations such as the International Coastal Clean Up sponsored by the Ocean Conservancy. The Company also supports The Declaration of the Global Plastics Association for Solutions on Marine Debris which has signatures from over 60 associations spanning 34 countries.
Dow (NYSE: DOW) combines the power of science and technology to passionately innovate what is essential to human progress. The Company is driving innovations that extract value from material, polymer, chemical and biological science to help address many of the world's most challenging problems such as the need for clean water, clean energy generation and conservation, and increasing agricultural productivity. Dow's integrated, market-driven, industry-leading portfolio of specialty chemical, advanced materials, agrosciences and plastics businesses delivers a broad range of technology-based products and solutions to customers in approximately 180 countries and in high-growth sectors such as packaging, electronics, water, coatings and agriculture. In 2015, Dow had annual sales of nearly $49 billion and employed approximately 49,500 people worldwide. The Company's more than 6,000 product families are manufactured at 179 sites in 35 countries across the globe. On June 1, 2016, Dow became the 100 percent owner of Dow Corning Corporation’s silicones business, a global company with sales of greater than $4.5 billion in 2015, 25 manufacturing sites in 9 countries and approximately 10,000 employees worldwide. References to "Dow" or the "Company" mean The Dow Chemical Company and its consolidated subsidiaries unless otherwise expressly noted. More information about Dow can be found at www.dow.com.
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