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Dow announced more than ten projects to create a low-carbon future and circular economy

 Last Update: 2021-10-19
 Source: Internet
 Author: User

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[ Chemical Machinery Equipment Network Star Enterprise ] Midland, Michigan, USA, October 6, 2021, Dow (NYSE: DOW) announced a series of plans and projects at the recent Investor Day to promote the creation of The sustainable future includes the construction of a comprehensive base for ethylene cracking and derivatives with "net zero carbon" emissions; the signing of eight renewable energy purchase agreements that will reduce more than 600,000 tons of carbon dioxide equivalent emissions per year; and the expansion of its global production capacity for recycled plastics
.

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A comprehensive base of ethylene and derivatives with net zero carbon emissions

Dow will build an integrated base for ethylene cracking and derivatives with net zero carbon emissions, covering Scope 1 and Scope 2 carbon dioxide emissions
.
The project is located at the Fort Saskatchewan base in Alberta, Canada.
Dow will more than double the capacity of ethylene and polyethylene here, while at the same time transforming the base’s existing facilities to net zero carbon emissions
.

This investment will decarbonize approximately 20% of Dow’s global ethylene capacity, increase its polyethylene supply capacity by approximately 15%, and increase its entire value chain EBITDA to approximately US$1 billion by 2030
.
The investment plan is yet to be approved by the Dow Board of Directors and various regulatory agencies
.

　　Jim Fitterling, Chairman and CEO of Dow said: "This investment is based on Dow's strong position and allows us to meet the growing needs of customers and brands to reduce the carbon footprint of their products
.
Our dominant position and The rigorous method of capital investment enables us to drive the industry's decarbonization actions and business development, and accelerate the pace of Dow's carbon neutrality
.
"

　　The production process at the Fort Saskatchewan site will convert the waste gas from the cracking furnace into hydrogen, which will be used as a clean fuel for the production process, while the carbon dioxide will be collected on site and transported and stored by a nearby third-party carbon dioxide treatment agency
.

　　Signed eight renewable energy purchase agreements

　　Dow has signed eight new renewable energy purchase agreements (RPA), covering Europe and the Americas
.
According to the new purchase agreement, these renewable energy sources are expected to reduce Dow's annual emissions of more than 600,000 tons of carbon dioxide equivalent
.

　　The RPA signed this time will add 132 megawatts of wind and solar clean power, and is cost-competitive.
The total amount of clean energy available to Dow will exceed 850 megawatts
.

　　Dow is a clean energy purchase company in the chemical industry and one of the 20 largest clean energy users in the world
.
Currently, more than 25% of Dow's manufacturing bases are fully or partially powered by renewable energy
.
In Europe, through six renewable energy procurement agreements, Dow’s eight bases in Spain, the United Kingdom, Sweden, France, and Germany have transitioned to 100% green electricity
.

　　Further expansion of recycled plastic production capacity

　　Dow also announced its progress in preventing plastic waste, reducing greenhouse gas emissions, and providing customers with recycled plastic products
.
Dow's recycled plastic products have the same properties as virgin plastics derived from fossil fuel raw materials
.

　　These major developments will enable Dow to provide customers with fully recycled polymers starting in 2022
.
Dow has set a goal that by 2030, through its direct actions and partnerships, 1 million tons of plastic will be collected, reused or recycled; by 2035, Dow will use 100% of its products for packaging applications Achieve reusable or renewable use
.

　　These investment projects and plans are in line with Dow’s broader goal of achieving carbon neutrality by 2050, eliminating plastic waste in the environment, and expanding the company’s positive impact on customers, business, and society
.
These projects are also important steps of Dow's carbon reduction commitment: net carbon emissions will be reduced by 15% each year.
By 2030, the annual net carbon emissions will be reduced by about 30% compared with 2005
.

　　Original title: Dow announced more than ten projects to create a low-carbon future and circular economy

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