Page 51

Dow reveals new actions to support global efforts on

plastic waste

DOW will invest further and develop new global initiatives and solutions that work to prevent and remediate plastic waste in the environment. The initiatives include Dow’s commitment to join several other major global brands to become a founding investor in Circulate Capital’s $100 million effort to incubate and finance companies and infrastructure that prevent waste in oceans. Dow will also donate an additional $1 million to Ocean Conservancy over the next two years to support waste collection and recycling solutions in South-East Asian countries. This money will be used for projects that build the capacity of local

non-governmental organisations and partnerships with city leaders to develop, scale and replicate implementable solutions. Circulate Capital’s mission is to demonstrate the viability of investment in the waste management and recycling sectors to attract the institutional investment capital needed to scale integrated recycling and waste management companies and infrastructure across South and Southeast Asia. These regions have been identified as contributing disproportionately to ocean plastic pollution primarily because they lack the critical waste infrastructure to manage

Waste to energy: As of July 2018, Dow’s Hefty EnergyBag programme has collected more than 176 500 bags and diverted more than 115 tons of plastics from landfill

the problem. Ocean Conservancy is working to protect the ocean from today’s greatest global challenges. Together with its partners, the organization creates sciencebased solutions for a healthy ocean and the wildlife and communities that depend on it. As a major sponsor of the organisation’s annual International Coastal Cleanup, Dow and Ocean Conservancy founded the Trash Free Seas Alliance® (TFSA) in 2012, a coalition of businesses, academics and NGOs, to analyse and address upstream causes of ocean plastic pollution. www.dow.com FEBRUARY / MARCH 2019 49

Profile for SA Plastics, Composites & Rubber

Southern African Polymer Technology  

Advertisement