Dow Inc. - DOW STOCK NEWS

On October 12, 2021, Dow (NYSE: DOW) announced the successful commercialization of recyclable toothpaste tubes, now available globally. Developed in Asia Pacific, these tubes are designed to reduce landfill waste, addressing a significant environmental issue as traditional tubes contribute around 100,000 tons of waste annually. Dow's innovative polyethylene-based technology enhances recyclability by eliminating aluminum layers while maintaining product integrity. The initiative aligns with Dow's commitment to ensure all packaging is reusable or recyclable by 2035 and supports its broader sustainability goals.

Dow has signed eight new renewable power purchase agreements (RPAs) across Europe and the Americas, set to cut scope 2 emissions by over 600,000 metric tons of CO2e annually. The agreements provide access to an additional 132 megawatts of renewable energy at no capital cost, amplifying Dow's total clean energy capacity to over 850 MW. These initiatives align with Dow's sustainability goals, including a target to achieve net CO2 neutrality by 2050.

Dow (NYSE: DOW) has announced significant advancements in its commitment to sustainability, specifically in the production of circular plastics. Starting in 2022, the company will supply fully circular polymers, created through advanced recycling processes in collaboration with partners like Fuenix Ecogy Group and Gunvor Petroleum. Dow aims to meet its sustainability targets, which include collecting 1 million metric tons of plastic for recycling by 2030. Additionally, the company is fast-tracking purification capacity for pyrolysis oil feedstocks to enhance its recycling efforts.

On October 6, 2021, Dow announced plans to achieve over $3 billion in additional underlying EBITDA growth while maintaining capital expenditures at or below depreciation levels. Short-term investments are expected to generate $2 billion in EBITDA, and a net-zero carbon emissions ethylene complex aims for an additional $1 billion annually by 2030. Dow's digitalization and restructuring initiatives target $600 million in EBITDA. The company is committed to reducing net annual carbon emissions by 30% by 2030 and plans to allocate $1 billion in annual capex toward decarbonization efforts.

Health Supply US (HSUS) has successfully delivered over 8.7 million American-made medical isolation gowns within the last year to replenish the Strategic National Stockpile. In September 2020, HSUS was awarded $194 million in contracts from the U.S. Defense Logistics Agency to manufacture these gowns domestically. The company has made significant investments in equipment and workforce training to boost production capabilities, partnering with Dow Inc. (DOW) to enhance efficiency. HSUS emphasizes its commitment to supporting domestic manufacturing amid changes to the Buy American Act.

On September 9, 2021, Dow announced that four of its leaders were recognized on the 2021 HERoes Women Role Model lists, highlighting their commitment to gender diversity in the workplace. Jane Palmieri, Howard Ungerleider, Margherita Fontana, and Eunice Heath received accolades as executives and future leaders. Dow's strategy integrates inclusion and diversity into its business, aiming to enhance employee engagement and representation of underrepresented groups. The company generated approximately $39 billion in sales in 2020 and operates 106 manufacturing sites globally.

Dow (NYSE: DOW) announced a $2 million contribution to support relief and recovery efforts in Louisiana following Hurricane Ida. The donation aims to assist impacted communities as well as Dow employees affected by the storm. The company is collaborating with local and national partners to provide immediate services and aid, including offering interest-free loans and temporary housing for employees. Dow emphasizes its commitment to community resilience and ongoing support as recovery efforts progress.