Dow commits $2.8 million toward collaborative efforts to reduce marine debris
September 16 2016 - 1:00PM
Business Wire
Two-year commitment focuses on recycle, reuse and resource
recovery initiatives to address plastic waste.
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.
About Dow
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.
®TM Trademark of The Dow Chemical Company (“Dow”) or an
affiliated company of Dow
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The Dow Chemical CompanyJarrod
Erpelding989.496.1582jarrod.erpelding@dow.com
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