Dow Inc. - DOW STOCK NEWS

Dow and X-energy have announced a joint development agreement to build a four-unit Xe-100 advanced nuclear reactor facility at Dow's Gulf Coast site. This initiative is backed by the U.S. Department of Energy's Advanced Reactor Demonstration Program, with up to $50 million allocated for engineering work. The Xe-100 reactor aims to provide safe, low-carbon energy for industrial use, enhancing Dow's sustainability goals. Dow's CEO emphasized the project as a significant step in reducing carbon emissions while making reliable energy. The companies plan to license this technology for broader industrial applications.

DOW emphasizes its commitment to sustainability and innovation in the construction industry through strategic partnerships and capacity investments. With increasing urbanization and resource scarcity pressures, DOW aims to enhance the efficiency, productivity, and durability of building materials. The company is investing in methyl cellulose (MC) capacity to ensure product reliability for drymix applications, following a completed expansion in 2019 and another set for 2024. DOW is also focused on reducing environmental impacts and promoting circularity in its product life cycle, addressing pressing sustainability challenges in the construction chemicals value chain.

DOW is committed to a circular economy, aiming to reduce waste and environmental impact through innovative packaging solutions. Its initiative, Pack Studios, accelerates the development of sustainable packaging by connecting industry experts and providing resources for designing, testing, and refining packaging materials. Collaborating with companies like Nestle Purina, DOW seeks to simplify recycling processes without compromising product quality. The company emphasizes the need for tailored solutions using advanced technologies to meet diverse packaging needs, reinforcing its position as a leader in sustainable practices.

DOW highlights its commitment to environmental sustainability through its involvement with the Rivers are Life initiative. This platform aims to improve and preserve river ecosystems, noting that 90% of people live within walking distance of a river. In a recent podcast episode, Zach Green emphasized storytelling's role in raising awareness about river health. The episode also covers a collaborative film project targeting pollution on Alaska's gulf coast, showcasing how DOW, along with other organizations, is turning marine trash into RESIN8, a sustainable building material. This initiative reflects the company's dedication to community-driven environmental solutions.

DOW celebrated its 125th anniversary reflecting on innovation and community impact. Team members shared over 350 stories showcasing their contributions toward a better future. Initiatives include empowering women through the Women's Academy of Power, which has supported over 300 women facing gender-based challenges. In Kenya, DOW partnered with ChildFund International to upskill 215 students in sustainable practices through the Fundi Fiti initiative. Additionally, DOW is innovating roadways by incorporating recycled plastic into asphalt, tested at the University of Missouri, with expectations of lasting durability and reduced lifecycle costs.

DOW has received the External Business Partner of the Year Award from Procter & Gamble, recognizing their successful collaboration in the Fabric & Home Care division. During a recent partnership, DOW rapidly developed a raw material for P&G's new hard surface cleaner, overcoming challenges in delivery within tight deadlines. The collaboration also focuses on sustainability, aiming to reduce carbon footprints and greenhouse gas emissions. Additionally, DOW supports P&G's diversity initiatives, enhancing their inclusion programs. This partnership exemplifies DOW's commitment to customer-centricity, sustainability, and innovation in challenging times.

On February 9, 2023, Dow (NYSE: DOW) announced a quarterly dividend of 70 cents per share, scheduled for payment on March 10, 2023, to shareholders of record as of February 28, 2023. This payment represents the 446th consecutive dividend since 1912. Dow, a leader in materials science, generated approximately $57 billion in sales in 2022 and operates in 31 countries with around 37,800 employees. The company's focus lies in sustainable innovation across various sectors, including packaging and infrastructure.

Dow has unveiled new sealant technology developed through its longstanding partnership with Samsung, emphasizing functional technology and innovation in mobile devices. Since their collaboration began in 2013, Dow has created waterproofing solutions for Samsung phones, resulting in the first waterproof foldable phone launched in 2021. This technology not only enhances device longevity by preventing water damage but also supports sustainability through easier recycling. Dow's dedication to continuous improvement aims to redefine smartphone design, ensuring that functionality remains at the forefront of innovation.

DOW celebrated International Volunteer Day on February 6, 2023, reflecting on its 125th anniversary and the importance of solidarity through volunteering. The company emphasizes community impact, with 52% of its 35,000 employees volunteering globally. It supports various purpose-driven initiatives, including the 125th-anniversary Serve-a-thon and STEM volunteering. Highlighting long-term community support, DOW continues to assist recovery efforts for those affected by disasters, such as Hurricane Harvey. The press release underscores the legacy of H.H. Dow and the role of volunteers in fostering positive community relations and enhancing employee experience.