Dow Inc. will accelerate the sustainability targets the company set in 2020 by expanding its Stop the Waste target to a Transform the Waste target.
By 2030, Dow will transform plastic waste and other forms of alternative feedstock to commercialize 3 million metric tons of circular and renewable solutions annually.
To do this, Dow will expand its efforts to stop the waste by building industrial ecosystems to collect, reuse or recycle waste and expand its portfolio to meet rapidly growing demand.
It is expected that the waste required to produce 3 million metric tons of circular and renewable solutions per year by 2030 will surpass and replace Dow’s original 1 million metric ton goal.
Several recently announced circular and mechanical offtake agreements and projects will help contribute to achieving the target, including:
• Agreements with Mura Technology to construct multiple world-scale advanced recycling facilities in the U.S. and Europe, collectively adding as much as 600KT of annual capacity;
• An investment to build the largest single hybrid recycling site in France, managed by Valoregen, which will secure a source of post-consumer resins (PCR) for Dow;
• A collaboration with Nexus Circular to create a circular ecosystem in Dallas, Texas, for previously non-recycled plastic building on its previous Hefty EnergyBag collaboration with Nexus and Reynolds Consumer Products;
• Mechanical recycling collaboration with Boomera LAR in Brazil;
• An investment in Mr. Green Africa and an agreement to co-develop more traceable, fair, and high-quality PCR that can be used in the production of new flexible plastic packaging; and
• A memorandum of understanding (MoU) with Lucro Plastecycle to develop and launch polyethylene (PE) film solutions using PCR plastics in India.