Plans include expanding efforts to “stop the waste” by building industrial ecosystems to collect, reuse or recycle waste and expand its portfolio to meet rapidly growing demand. The 3 million metric tons per year target replaces an earlier target of 1 million metric tons.
“Today’s announcement demonstrates our strong commitment to increase our use of feedstocks from recycled and renewable sources,” said Diego Donoso, president of Dow Packaging & Specialty Plastics. “The creation of the Circular & Renewable Solutions business platform will accelerate our ability to deliver on these enhanced commitments and advance our circular plastics business model.”