Dow funds seven new business and sustainability projects to drive social impact

 

 

 

 

Dow (NYSE: DOW) announced its 2023 Business Impact Fund selections: 7 projects that will help drive social impact and advance sustainability through collaboration. The annual fund brings together NGOs, nonprofit organizations and Dow customers to help solve global issues using Dow technology and employees’ expertise.

 

 

 

“Our Impact Fund is about helping to solve some of the world’s most pressing challenges while using our products for good and unlocking innovative business opportunities with our customers,” said Mr.Bob Plishka, Global Director of Strategic Corporate Partnerships and Dow Company Foundation President. “This year’s projects focus on addressing circularity and waste transformation initiatives while seeking to support society’s most vulnerable populations.”

 

 

 

Thailand: Small Scale Pyrolysis Unit Dow will partner with the Plastics Institute of Thailand to support a small enterprise that developed low-temperature heat induction-based pyrolysis technology to convert low-value used flexible plastics packaging into pyrolysis oil and further process into circular feedstock for the Dow-affiliated cracker in Map Ta Phut, Thailand. Reintroducing post-consumer flexible plastics film into the value chain is an opportunity to increase circularity in Thailand’s community waste management system.

 

 

 

Since launching in 2016, the Impact Fund has supported 58 projects in 22 countries totaling nearly $12 million in investments. To date, the Fund’s projects have achieved the following outcomes 2,000 jobs created 13,400 MT materials recycled 9,500 MT of plastics diverted from a landfill or environment 46,000 acres of land protected

 

 

 

Dow employees worldwide nominate potential projects, and a diverse committee representing business and functional leadership across the Company selects the winners. Projects must meet the following criteria. Have the potential to address critical social issues or advance sustainability initiatives .Be scalable in their design and impact .Engage Dow customers and value chain partners and create new business opportunities for Dow.