Company to launch recycled plastic resin and increase the use of renewable energy
In a virtual event attended by John Elkington, one of the world’s leading experts in corporate sustainability, Dow presented the results of its projects developed in Latin America, in line with the corporation’s global sustainability goals, announced in June.
Launching recycled post-consumer plastic resin, using more renewable energy in its operations, and encouraging circular economy projects, sustainable logistics and inclusive recycling programs are some of Dow’s initiatives in Latin America.
To become more sustainable, inclusive, and innovative, the company intends to:
– reducing annual carbon emissions by 5 million tons by 2030 and achieve neutrality in 2050;
– investing in the development of technologies and processes so that 1 million metric tons of plastic are collected, reused, or recycled by 2030;
– improving the portfolio with a focus on the reuse of products, to offer 100% reusable or recyclable products in packaging applications by 2035.
The transition from a linear economy to circularity is the path to new business opportunities, with gains for the market, society, and the planet, based on the ESG principles.
“We are positioned at the base of the most relevant value chains, and our solutions play an important role in the sum of efforts to achieve the sustainable development of the Latin American industry,” said Javier Constante, president of Dow for Latin America.
Dow invested in the acquisition of wind energy for its manufacturing complex in Bahia Blanca, Argentina, and in expanding the use of renewable energy sources in the factories in Aratu and Breu Branco, in Brazil. Contracts signed in Latin America are expected to accelerate the global goal of obtaining 750MW of renewable energy demand by 2025.
By using advanced technologies, Dow is developing solutions to produce recyclable packaging that contains less plastic in its structures. The company also launched a new plastic resin made up of recycled post-consumer waste, whose pilot project was developed in São Paulo in partnership with Boomera and Fundación Avina.