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Dow Pledges $2.8M to Help Advance Solutions to Ocean Plastic Waste
October 25, 2016
Dow Pledges $2.8M to Help Advance Solutions to Ocean Plastic Waste
October 25, 2016
by Sustainable Brands
The Dow Chemical Company has announced that it has committed $2.8 million over the next two years to drive solutions that address global marine debris and litter. The company made the announcement on Friday, September 16th, at the inaugural Our Ocean Conference in Washington, D.C., hosted by U.S. Secretary of State John Kerry.
“Dow is committed to finding viable science-based solutions to keep our oceans clean,” said Jim Fitterling, Dow’s president and chief operating officer. “These efforts are aligned to our 2025 Sustainability Goals and our efforts to advance a circular economy by delivering solutions to close resource loops and increase the rate of recycling and reuse of plastics.”
Dow’s $2.8 million commitment will be focused on two areas. Roughly half of the support will go toward sponsorship of collaborative projects such as the Ocean Conservancy’s research and waste management pilot programs and to support educational programs to promote recycling and prevent littering.
The other half will support ongoing research such as that being done by the Ellen MacArthur Foundation involving the development of new technologies to create a more circular economy while advancing opportunities to turn waste into a valuable end-state. This includes work to create a “new plastics economy” by increasing the recyclability of flexible packaging and driving the development of chemical recycling technologies to convert non-recycled plastics into feedstocks that can be used to make new materials.
Read more at Sustainable Brands.
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