MIDLAND, Mich.--(BUSINESS WIRE)--The Dow Chemical Company (NYSE: DOW) today received recognition for its global leadership in sustainability with two 2016 Sustainability Awards from the Business Intelligence Group. The Sustainability Awards honor those who have made sustainability an integral part of their business practice. The Sustainability Initiative of the Year Award went to RETAIN™ Polymer Modifiers, and the Sustainability Product of the Year Award went to CANVERA™ Polyolefin Dispersions.
“Dow continues to create breakthrough innovations that advance the well-being of society,” said A.N. Sreeram, senior R&D vice president and chief technology officer for Dow. “The passion, creativity and expertise of our people drive innovative, sustainable solutions that meet the needs of our customers while making the world better. Both of our products recognized, RETAIN™ and CANVERA™, demonstrate the power of innovation to solve world challenges.”
Dr. Neil Hawkins, Dow’s chief sustainability officer and corporate vice president of Environment, Health and Safety, added, “Closing resource loops is critical for the future of the planet. These award-winning products address this issue head-on, reducing waste headed to landfills and preserving food in a more sustainable way.”
Sustainability Initiative of the Year: RETAIN™ Polymer Modifiers help make plastic packaging more sustainable. This resin compatibilizer gives post-industrial barrier film scrap and post-consumer barrier packaging a second chance at life by allowing them to be recycled without compromising performance, aesthetics or efficiency in processing.
RETAIN™ Polymer Modifiers are also an integral part of the new RecycleReady Technology for high barrier applications, an innovative solution that enables recycling of flexible packaging for applications such as granola and nuts. The invention reduces the variety of materials used in flexible packaging that has previously hindered recycling, while ensuring barrier protection, durability and sealability of the package.
Breakthrough packaging solutions containing RETAIN™ Polymer Modifier can help divert packaging waste from landfill or incineration, increasing recycling yields and further enabling the circular economy for plastic packaging.
Sustainability Product of the Year: CANVERA™ Polyolefin Dispersions provides progressive food and beverage brand owners with a replacement for epoxy coating systems, made from polyolefin resins and without use of BPA and other materials of concern to consumers and regulators.
CANVERA™ uses Dow’s proprietary and patented BLUEWAVE™ technology to create an aqueous polyolefin dispersion that can be applied directly to metal surfaces in the same equipment used for current epoxy coatings. CANVERA™ makes a very thin, protective, thermoplastic lining with excellent food and flavor retention, adhesion, corrosion protection, and film flexibility. CANVERA™ polyolefin dispersions utilize the existing can-making infrastructure, facilitating world-wide adoption of this long-term, cost-effective, breakthrough technology.
“Our judges made it clear that Dow should be recognized for their sustainability efforts,” said Russ Fordyce, managing director for Business Intelligence Group. “Their innovation and leadership should serve as a model for organizations around the globe. Congratulations to the entire team.”
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 49,000 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.
About Business Intelligence Group
The Business Intelligence Group was founded with the mission of recognizing true talent and superior performance in the business world. Unlike other industry award programs, business executives—those with experience and knowledge—judge the programs. The organization’s proprietary and unique scoring system selectively measures performance across multiple business domains and then rewards those companies whose achievements stand above those of their peers.