Dow Seeking to Lead Charge To End Plastic Waste in the Environment
Dow is a subsidiary of DowDuPont (DWDP), a holding company comprised of Dow and DuPont with the intent to form three strong, independent, publicly traded companies in agriculture, materials science and specialty sectors. Dow combines science and technology knowledge to develop premier materials science solutions that are essential to human progress. Dow has one of the strongest and broadest toolkits in the industry, with robust technology, asset integration, scale and competitive capabilities that enable it to address complex global issues. Dow’s market-driven, industry-leading portfolio of advanced materials, industrial intermediates, and plastics businesses deliver a broad range of differentiated technology-based products and solutions for customers in high-growth markets such as packaging, infrastructure, and consumer care.
Dow is playing a lead role in the formation of a new alliance of global companies to advance solutions that eliminate plastic waste in the environment, especially in the ocean. Dow is a founding member of the Alliance to End Plastic Waste (AEPW), a newly formed organization committing more than $1 billion with the goal of raising $1.5 billion over the next five years to develop and scale solutions that manage plastic waste and promote post-use solutions of plastic. The Alliance, currently comprised of nearly 30 companies, will develop and bring to scale solutions that will minimize and manage plastic waste and promote solutions by transitioning to a circular economy for plastics. The Alliance membership represents global companies and organizations located throughout North and South America, Europe, Asia, Africa, and the Middle East.
Jim Fitterling, chief executive officer of Dow stated, “Keeping our environment free of waste is important to the future of Dow and our industry, but more importantly, it’s important to the future of our planet. This initiative brings together companies, governments, NGOs and consumers to accelerate efforts to drive innovation, provide much-needed resources, and take decisive action to put an end to plastic waste in the environment.”