Dow Announces Clean Energy Mix for Manufacturing Sites
Midland, Michigan - May 19, 2016 - Dow Building Solutions (DBS), a business unit of The Dow Chemical Company (NYSE: DOW), continues to remain a leader in the transition to a sustainable energy future with the announcement today of 100 percent renewable energy procurement in North America for STYROFOAM™ Brand XPS Insulation, THERMAX™ Brand Insulation, FROTH-PAK™ Spray Foam Insulation and GREAT STUFF™ Insulating Foam Sealant operations in 2016. In 2015, roughly 10 percent of STYROFOAM™ XPS production and 50 percent of THERMAX™ production operated on renewable energy resources.
Dow is one of the largest industrial buyers and consumers of renewable energy, reinforced with the 2016 announcement of clean energy targets through a ten-year wind power partnership with NRG Energy. An allocated portion of the renewable energy generation has been secured through renewable energy credits (RECs) and applied exclusively to manufacturing plants for Dow Building Solutions’ residential and commercial products. “With the progress made today, Dow has a leading position to offer more sustainable solutions working at state and national levels to revitalize the manufacturing sector in ways that will continue to boost a low carbon economy,” said Jack Broodo business president of Feedstocks and Energy.
Dow has a central energy business dedicated to energy generation, purchasing and allocation of energy to manufacturing sites across North America. By using the four pillars of Dow’s Energy Plan – conserve, optimize, accelerate, transition – the Company is strategically placed to use competitively priced energy while minimizing the environmental impact.
“Dow uses a global lens to magnify its impact around the world,” said Jane Palmieri, business president of Dow Building and Construction. “By driving unprecedented collaborations to develop a societal blueprint, we can facilitate the transition to a more sustainable planet and society.”
The announcement highlights progress towards Dow’s 2025 Sustainability Goals, the strategic set of commitments designed to redefine the role of business in society. As Dow evolves as a Company, sustainability increasingly becomes a catalyst for its success, with the goals resulting in significant, quantifiable improvements in environmental performance and economic value creation.
Dow Building Solutions serves the residential and commercial building and construction markets with an industry-leading portfolio of products and integrated systems designed to insulate and seal the whole house. Beginning more than 70 years ago with our flagship STYROFOAM™ Brand Extruded Polystyrene (XPS) Foam Insulation, Dow has continued to offer innovative insulation, weatherization and air sealing solutions that work behind the scenes – above grade, below grade – to help builders and contractors deliver more comfortable, durable and affordable homes. Follow Dow Building Solutions on Facebook, Twitter, and LinkedIn or subscribe to our News Release RSS Feed. www.dowbuildingsolutions.com
Dow (NYSE: DOW) combines the power of science and technology to passionately innovate what is essential to human progress. The Company is driving innovations that extract value from material, polymer, chemical and biological science to help address many of the world's most challenging problems such as the need for clean water, clean energy generation and conservation, and increasing agricultural productivity. Dow's integrated, market-driven, industry-leading portfolio of specialty chemical, advanced materials, agrosciences and plastics businesses delivers a broad range of technology-based products and solutions to customers in approximately 180 countries and in high-growth sectors such as packaging, electronics, water, coatings and agriculture. In 2015, Dow had annual sales of nearly $49 billion and employed approximately 49,500 people worldwide. The Company's more than 6,000 product families are manufactured at 179 sites in 35 countries across the globe. References to "Dow" or the "Company" mean The Dow Chemical Company and its consolidated subsidiaries unless otherwise expressly noted. More information about Dow can be found at www.dow.com.