Dow and Innventure to Collaborate on Waste-to-Value Platform
Dow (NYSE: DOW) and Innventure (NASDAQ: INV) announced a collaboration to develop and commercialize waste-to-value technologies. Innventure has created a new subsidiary, Refinity, to convert mixed wastes, including hard-to-recycle plastics, into petrochemical feedstocks. Dow will provide technical resources and support site identification for future commercial plants.
Refinity will license thermochemical processes, such as gasification to convert plastic waste to light olefins. The collaboration aligns with Dow's sustainability target to commercialize three million metric tons of circular and renewable solutions by 2030. Both companies will potentially collaborate on waste supply chain development, including plastic feedstock aggregation and upgrading.
Dow (NYSE: DOW) e Innventure (NASDAQ: INV) hanno annunciato una collaborazione per sviluppare e commercializzare tecnologie per il recupero di valore dai rifiuti. Innventure ha creato una nuova sussidiaria, Refinity, per convertire rifiuti misti, inclusi plastica difficilmente riciclabile, in materiali chimici petrochimici. Dow fornirà risorse tecniche e supporto nell'identificazione dei siti per futuri impianti commerciali.
Refinity licenzierà processi termochimici, come la gassificazione, per convertire i rifiuti plastici in olefine leggere. La collaborazione è allineata con l'obiettivo di sostenibilità di Dow di commercializzare tre milioni di tonnellate metriche di soluzioni circolari e rinnovabili entro il 2030. Entrambe le aziende potrebbero collaborare allo sviluppo della catena di fornitura dei rifiuti, inclusi l'aggregazione e l'aggiornamento delle materie prime plastiche.
Dow (NYSE: DOW) e Innventure (NASDAQ: INV) anunciaron una colaboración para desarrollar y comercializar tecnologías de valorización de residuos. Innventure ha creado una nueva subsidiaria, Refinity, para convertir residuos mixtos, incluidas las plásticos difíciles de reciclar, en materias primas petroquímicas. Dow proporcionará recursos técnicos y apoyo en la identificación de sitios para futuras plantas comerciales.
Refinity licenciará procesos termoquímicos, como la gasificación para convertir residuos plásticos en olefinas ligeras. La colaboración se alinea con el objetivo de sostenibilidad de Dow de comercializar tres millones de toneladas métricas de soluciones circulares y renovables para 2030. Ambas empresas podrían colaborar en el desarrollo de la cadena de suministro de residuos, incluida la agregación y actualización de materias primas plásticas.
Dow (NYSE: DOW)와 Innventure (NASDAQ: INV)는 폐기물에서 가치를 창출하는 기술을 개발하고 상용화하기 위한 협력을 발표했습니다. Innventure는 섞인 폐기물을 어렵게 재활용되는 플라스틱을 포함해 석유화학 원료로 전환하기 위해 새로운 자회사인 Refinity를 설립했습니다. Dow는 기술 자원을 제공하고 향후 상업적 공장의 부지 식별을 지원합니다.
Refinity는 플라스틱 폐기물을 경량 올레핀으로 전환하기 위한 가스화와 같은 열화학적 과정을 라이센스할 것입니다. 이 협력은 2030년까지 300만 톤의 순환 및 재생 가능 솔루션을 상용화하겠다는 Dow의 지속 가능성 목표와 일치합니다. 두 회사는 플라스틱 원자재 집합 및 업그레이드를 포함한 폐기물 공급망 개발에 잠재적으로 협력할 수 있습니다.
Dow (NYSE: DOW) et Innventure (NASDAQ: INV) ont annoncé une collaboration pour développer et commercialiser des technologies de valorisation des déchets. Innventure a créé une nouvelle filiale, Refinity, pour convertir des déchets mélangés, y compris des plastiques difficiles à recycler, en matières premières pétrochimiques. Dow fournira des ressources techniques et soutiendra l'identification des sites pour de futures usines commerciales.
Refinity licenciera des processus thermo-chimiques, tels que la gazéification, pour convertir les déchets plastiques en oléfines légères. Cette collaboration est en accord avec l'objectif de durabilité de Dow de commercialiser trois millions de tonnes métriques de solutions circulaires et renouvelables d'ici 2030. Les deux entreprises pourraient potentiellement collaborer au développement de la chaîne d'approvisionnement des déchets, y compris l'agrégation et l'amélioration des matières premières plastiques.
Dow (NYSE: DOW) und Innventure (NASDAQ: INV) haben eine Zusammenarbeit angekündigt, um Technologien zur Wertschöpfung aus Abfällen zu entwickeln und zu kommerzialisieren. Innventure hat eine neue Tochtergesellschaft, Refinity, gegründet, um gemischte Abfälle, einschließlich schwer recycelbarer Kunststoffe, in petrochemische Rohstoffe umzuwandeln. Dow wird technische Ressourcen bereitstellen und die Standortidentifizierung für zukünftige kommerzielle Anlagen unterstützen.
Refinity wird thermochemische Prozesse lizenziert, wie die Vergasung, um Kunststoffabfälle in leichte Olefine umzuwandeln. Die Zusammenarbeit stimmt mit dem Nachhaltigkeitsziel von Dow überein, bis 2030 drei Millionen metrische Tonnen zirkulärer und erneuerbarer Lösungen zu kommerzialisieren. Beide Unternehmen könnten potenziell bei der Entwicklung der Abfallversorgungskette zusammenarbeiten, einschließlich der Aggregation und Aufwertung von Kunststoffrohstoffen.
- Strategic partnership with Dow, a major industry player
- Access to Dow's technical resources and expertise
- Technology licensing opportunities through thermochemical processes
- Alignment with growing circular economy market
- Significant capital investment likely required for commercial plants
- Early-stage technology with unproven commercial viability
- Dependence on waste supply chain development
Insights
This strategic collaboration marks a significant advancement in waste-to-value technology commercialization. The partnership leverages Dow's technical expertise with Innventure's commercialization capabilities through their new subsidiary Refinity. The focus on converting mixed and hard-to-recycle plastic waste into petrochemical feedstocks presents a dual value proposition - addressing the global waste crisis while creating sustainable chemical alternatives.
The technology's potential for global scalability and cost-effectiveness could significantly impact the petrochemical industry's sustainability profile. Dow's commitment to transform
This partnership positions Innventure (INV) strategically in the growing circular economy market. The collaboration with Dow, a major industry player, provides significant validation for Innventure's technology commercialization platform and could accelerate revenue generation through technology licensing. For INV investors, Refinity represents the fourth subsidiary in their portfolio, diversifying their revenue streams in the sustainable technology sector.
The agreement's structure, involving technical resource sharing and site identification for commercial operations, suggests a well-planned pathway to commercialization. The potential for additional technology contributions from Dow and collaboration in waste supply chain development indicates multiple revenue opportunities. The global scalability aspect particularly enhances the long-term growth potential.
Innventure founds fourth company, Refinity, to commercialize cost-effective conversion of mixed wastes to petrochemical feedstocks
MIDLAND, Mich. and ORLANDO, Fla., Dec. 18, 2024 (GLOBE NEWSWIRE) -- Dow (NYSE: DOW) and Innventure (NASDAQ: INV), a technology commercialization platform, today announced plans to collaborate to develop and commercialize new waste-to-value technologies. The collaboration aims to enable globally scalable, cost-effective conversion of mixed wastes to petrochemical feedstocks.
Innventure has created a new subsidiary, Refinity, to commercialize cost-effective waste-to-value technologies. Refinity will work directly with Dow to scale and commercialize technologies aimed at converting mixed waste, including hard-to-recycle plastic waste, to petrochemical feedstocks. The sustainable chemicals produced by Refinity will serve as direct replacements for existing fossil fuel-based feedstocks. Dow will provide technical resources to support the engineering development and deployment of new waste-to-value processes and work with Refinity to identify preferred sites for future commercial plant operations. This collaboration with Innventure aligns with Dow’s strategy to work with partners to accelerate the development and deployment of advantaged technologies and deliver the volumes and incremental profit goals of its Transform the Waste goal.
Via Refinity, Innventure licenses novel, high yield thermochemical processes; for example, gasification to convert mixed plastic waste to light olefins. Dow anticipates contributing other technologies as part of the collaboration in the future. Refinity and Dow may also collaborate to develop selected parts of the waste supply chain, including waste plastic feedstock aggregation and upgrading.
“Dow is committed to transforming plastic waste into circular solutions that result in high-quality resins demanded by our customers while helping to accelerate a circular economy,” said Dave Parrillo, vice president for Research & Development, Dow Packaging & Specialty Plastics and Hydrocarbons. “We are excited to work with Refinity on waste-to-value which can be combined with Dow’s efforts to Decarbonize & Grow and its Path2Zero journey. We are also excited to work more broadly with Innventure, whose differentiated model for technology commercialization and new company creation can help Dow accelerate our Transform the Waste initiative.”
Bill Haskell, CEO of Innventure, added, "Partnering with industry-leading multinational corporations like Dow to accelerate the commercialization of game-changing technologies is core to Innventure’s business model. Through the collaboration with Dow, our new subsidiary, Refinity, intends to accelerate the development and deployment of differentiated waste conversion processes globally."
Dow and Innventure are committed to accelerating circularity on a global scale. Dow has a sustainability target to Transform the Waste and commercialize three million metric tons of circular and renewable solutions by 2030.
About Innventure
Innventure (NASDAQ: INV), founds, funds, and operates companies with a focus on transformative, sustainable technology solutions acquired or licensed from multinational corporations. As owner-operators, Innventure takes what it believes to be breakthrough technologies from early evaluation to scaled commercialization utilizing an approach designed to help mitigate risk as it builds disruptive companies it believes have the potential to achieve a target enterprise value of at least
About Dow
Dow (NYSE: DOW) is one of the world’s leading materials science companies, serving customers in high-growth markets such as packaging, infrastructure, mobility and consumer applications. Our global breadth, asset integration and scale, focused innovation, leading business positions and commitment to sustainability enable us to achieve profitable growth and help deliver a sustainable future. We operate manufacturing sites in 31 countries and employ approximately 35,900 people. Dow delivered sales of approximately
For further information, please contact:
| Sarah Young | Laurie Steinberg |
| Dow | Innventure |
| syoung3@dow.com | press@innventure.com |
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