Dow named to FORTUNE’s 2019 ‘Change the World’ list
Refining and Petrochemicals
25 AUG 2019
Dow has been included on FORTUNE’s 2019 ‘Change the World’ list, a ranking of 52 companies that have made an important social, or environmental impact through their profit-making strategy and operations. Listed as number 26 in the ranking, Dow is recognised for its programme to pilot the use of recycled plastics in roads as part of the company’s long-standing commitment to reduce plastic waste and drive sustainability solutions.
By developing solutions such as this, we are demonstrating that plastics, from design to disposal, have tremendous value and can continue to benefit people and society in new ways.“Dow is honoured to be recognised by FORTUNE for advancing new applications and markets for recycled plastics,” said Dow CEO Jim Fitterling. “By developing solutions such as this, we are demonstrating that plastics, from design to disposal, have tremendous value and can continue to benefit people and society in new ways.”
Dow has collaborated with the value chain to build nearly 100km of asphalt roads containing recycled plastic across Asia, Europe, North America and Latin America. The projects, some of which are enabled by Dow’s ELVALOY RET asphalt modification technology, have diverted nearly 200 metric tonnes of plastic, equivalent to 50 million flexible pouches, from becoming litter, or entering a landfill. The roads that are polymer-modified are often more resistant to corrosion from weather, or vehicles than neat asphalt and can therefore reduce the number of dangerous potholes, or traffic jams.
Dow believes that plastic waste has value and can be transformed into new products and energy. In addition to plastic roads, Dow is working with key partners in South America to use recycled plastics to develop construction materials for schools in Colombia. Dow is also at the forefront of developing and scaling chemical recycling technology to take recycled plastic waste back to feedstock for the creation of new products. By reimagining new ways to reuse, recycle and repurpose plastic waste, Dow and its partners are leading the way in the development of innovative circular economy solutions.