MOSCOW (MRC) -- The Dow Chemical Company was once again recognized as a sustainability leader in the chemical industry by the Dow Jones Sustainability World Index (DJSI) - marking the 16th time Dow has been named to the prestigious global benchmark, as per the company's press release.
Dow is one of 11 chemical companies named to the World Index in 2016, ranking the company in the top 10% of the global chemical industry in terms of sustainability performance.
"By harnessing Dow’s innovation strengths, global reach, and the dedication and passion of our employees, we are committed to help lead the transition to a more sustainable economy and society," said Neil Hawkins, corporate vice president for Environment, Health and Safety and chief sustainability officer. "It is an honor to see Dow’s industry-leading efforts in sustainability be recognized. For more than two decades, we have built a legacy of leadership in sustainability, and our 2025 Sustainability Goals will continue to guide us as we work to positively impact lives with solutions that are good for business and good for the world."
In addition, Dow also was named to the DJSI North America Index and received a 100% score on Materiality, Environmental Reporting, Climate Strategy and Customer Relationship Management. These perfect scores demonstrate Dow’s long-standing commitment to sustainability and they are a reflection of how sustainability continues to be a catalyst for our success.
"This recognition underscores our commitment to continuing to maximize shareholder value while minimizing our footprint, and delivering solutions that help our customers and the rest of society do the same," said Howard Ungerleider, Dow’s vice chairman and chief financial officer.
As MRC informed previously, Dow Chemical's polyethylene (PE) expansion at its Freeport, Texas, complex is on track for a mid-2017 startup, a Dow representative said this May. Dow's construction of its world-scale steam cracker is now over 70% complete, with startup expected by mid-2017. The Freeport complex currently has a 640,000 mt/year of polyethylene capacity and is expected to add 1,050,000 mt/year of LDPE and LLDPE, S&P Global Platts data showed. The 1.5 million mt/year ethylene capacity cracker being built at Dow's Freeport petrochemical complex will use ethane as its main feedstock but feature up to 30% of initial propane flexibility. Four derivative plants and a bi-modal gas phase debottlenecking will be synced with the startup of the cracker.
The Dow Chemical Company is an American multinational chemical corporation. Dow is a large producer of plastics, including polystyrene, polyurethane, polyethylene, polypropylene, and synthetic rubber. In 2015, Dow had annual sales of nearly USD49 billion and employed approximately 49,500 people worldwide. The Company's more than 6,000 product families are manufactured at 179 sites in 35 countries across the globe.
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