2022-07-21 | NYSE:DOW | Press Launch

2022-07-21 | NYSE:DOW | Press Launch
  • Dow and Mura Expertise to construct a number of amenities within the U.S. and Europe, including as a lot as 600 kilotons of mixture superior recycling capability by 2030.
  • Growth of Mura’s pipeline builds on its first plant in Teesside, U.Okay., which is on observe to be absolutely operational in 2023.
  • Through the use of superior recycling as a complementary expertise to mechanical recycling, Dow is making vital progress in the direction of its sustainability, local weather and plastic waste discount targets.
  • Dow to grow to be a key off-taker of round feed from Mura, supplying main manufacturers throughout the globe with sustainable merchandise and serving to to scale the elimination of plastic waste.
  • Dow’s help of Mura Expertise gives important assets for Mura to finance and ship on its multi-year pipeline of superior plastic recycling tasks.

HORGEN, Switzerland, July 21, 2022 /PRNewswire/ — Dow (NYSE: DOW), the world’s main supplies science firm, and Mura Expertise, the worldwide pioneer of a complicated plastic recycling resolution, right this moment announce the subsequent step of their partnership to assist remedy the worldwide plastic waste concern with the intention to assemble a number of world-scale 120 kilotons (KT) superior recycling amenities within the U.S. and Europe – collectively including as a lot as 600 KT of annual capability.

Dow will play an necessary function within the partnership as a key off-taker of the round feed that Mura produces. This round feed, derived from plastic waste presently destined for landfill or incineration, reduces reliance on fossil-based feedstocks and can allow Dow to provide a recycled plastic feedstock for the event of recent, virgin-grade plastics that are in excessive demand from international manufacturers. By working collectively, Dow and Mura will guarantee plastic has a viable approach to be re-circulated into international provide chains, serving to to advance a round economic system for plastics and enhance the worth of plastic waste.

These deliberate capital investments by Mura, in addition to Dow’s off-take agreements, signify each corporations’ largest dedication thus far to advance and scale international superior recycling capabilities.

“The strengthening of Dow and Mura’s partnership is one other instance of how Dow is working to construct momentum round breakthrough superior recycling applied sciences,” mentioned Marc van den Biggelaar, Superior Recycling Director for Dow. “By investing in new functions, Dow is working to satisfy the elevated demand for recycled materials from its prospects and make a significant impression on the provision chain, serving to to shut the loop on plastic waste. Dow is dedicated to accelerating a round economic system for plastics and our expanded partnership with Mura marks a major step on this journey. As a long-term companion, we’re excited concerning the potential of this course of to recycle plastics and assist remedy the plastic waste problem.”

“This partnership continues to create momentum for Dow as we transfer in the direction of feedstock flexibility and diversification, which is important if we want to advance a round economic system for plastics,” mentioned Diego Donoso, President of Packaging & Specialty Plastics for Dow. “And a completely round enterprise mannequin for plastics will even allow decarbonization and help us on the street to web zero.”

This marks an necessary milestone within the speedy scaling of Mura’s revolutionary HydroPRS™ (Hydrothermal Plastic Recycling Resolution) superior recycling course of, which can be utilized to recycle all types of plastic, together with versatile and multi-layer plastics, which have beforehand been deemed ‘unrecyclable’. As soon as deployed at scale, it has the potential to stop tens of millions of tons of plastic and carbon dioxide from getting into the surroundings yearly and create the substances for a sustainable, round plastics economic system ─ a mission which Dow is collectively dedicated to and supporting with supplies science experience.

“The worldwide plastics concern is without doubt one of the most urgent environmental points thus far – there may be merely no time to waste,” mentioned Dr. Steve Mahon, CEO of Mura Expertise. “Mura’s expertise is designed to champion a worldwide round plastics economic system, and our partnership with Dow is a key enabler to bringing HydroPRSTM to each nook of the globe. This subsequent step in our partnership and the assets offered by Dow will permit us to finance and dramatically enhance recycling capability and allow round plastics to enter international provide chains at scale.”

The world’s first plant utilizing Mura’s HydroPRS™ course of, positioned in Teesside, U.Okay., is anticipated to be operational in 2023 with a 20 KT per 12 months manufacturing line set to produce Dow with a 100% recycled feedstock. The prolonged partnership is ready to significantly enhance this provide, enjoying a major function in Dow and Mura’s deliberate international rollout of as a lot as 600 KT of superior recycling capability by 2030.

Dow’s intensive international attain will allow the scale-up of Mura’s expertise via a number of tasks within the U.S. and Europe. These plans embrace potential co-location alternatives, which can present vital integration advantages for Mura’s vegetation.

Complementary to the progress in superior recycling are Dow’s different tasks in mechanical recycling and the waste ecosystem introduced right this moment.

  • An funding to construct the one largest single hybrid recycling website in France, managed by Valoregen, that may safe a supply of post-consumer resins (PCR) for Dow.
  • A Letter of Intent with Nexus Round to create a round ecosystem in Dallas, Texas, for beforehand non-recycled plastic constructing on its earlier Hefty® EnergyBag® collaboration with Nexus and Reynolds Client Merchandise.

Hydrothermal expertise affords the size to resolve the plastic concern

Mura’s distinctive hydrothermal recycling course of, HydroPRS™, breaks down plastics utilizing water within the type of supercritical steam (water at elevated stress and temperature). The steam acts like molecular scissors, chopping longer-chain hydrocarbon bonds in plastics to provide the precious chemical substances and oils from which the plastic was initially made – in as little as 25 minutes.

These oils – equal to the unique fossil merchandise – are then used to provide new, virgin-grade plastic with no restrict to the variety of instances the identical materials may be processed, creating a real round economic system for plastic waste. Importantly, the merchandise could also be appropriate to be used in food-contact packaging, in contrast to typical recycling processes.

Mura’s progressive course of can recycle all types of plastic waste together with these thought-about ‘unrecyclable’, equivalent to movies, pots, tubs and trays, that may presently solely be incinerated or despatched to landfill. The method is designed to work alongside typical recycling and wider initiatives to cut back and reuse plastic equivalent to mechanical recycling (the place plastic waste is shredded and re-formed into totally different plastic merchandise) which stays essential to Dow’s recycling technique.

Utilizing supercritical steam means the expertise can be inherently scalable. In contrast to different strategies, which warmth waste from the skin, the steam imparts power from the within, offering an environment friendly conversion of plastic waste; a course of which may be maintained no matter scale.

Dow joins different main international gamers equivalent to KBR Inc., the U.S. multinational engineering providers firm, Wooden, the worldwide consulting and engineering firm, and others, as companions to speed up the deployment of Mura’s expertise worldwide. The expertise can be backed by environmental group, Ocean Technology, which is campaigning to deal with the plastic waste concern.

About Dow

Dow (NYSE: DOW) combines international breadth; asset integration and scale; centered innovation and supplies science experience; main enterprise positions; and environmental, social and governance (ESG) management to realize worthwhile development and ship a sustainable future. The Firm’s ambition is to grow to be essentially the most progressive, buyer centric, inclusive and sustainable supplies science firm on the planet. Dow’s portfolio of plastics, industrial intermediates, coatings and silicones companies delivers a broad vary of differentiated, science-based merchandise and options for its prospects in high-growth market segments, equivalent to packaging, infrastructure, mobility and client functions. Dow operates 104 manufacturing websites in 31 international locations and employs roughly 35,700 individuals. Dow delivered gross sales of roughly $55 billion in 2021. References to Dow or the Firm imply Dow Inc. and its subsidiaries. For extra data, please go to www.dow.com or comply with @DowNewsroom on Twitter.

For additional data, please contact:

Judith Hicks (Dow)

[email protected]

+41 44 728 2319

About Mura Expertise

Mura Expertise’s mission is to eradicate international plastic air pollution and create sustainable societies.

We’re pioneering a globally scalable expertise to stop tens of millions of tonnes of plastic and CO2 from getting into our pure surroundings yearly and turning an $80bn misplaced useful resource of plastic waste right into a useful international commodity. Our expertise can recycle all plastic waste, and produces the substances for model new merchandise, decreasing the necessity for brand new and fossil-fuel derived plastics.

We’re partnering with the largest international manufacturers to scale worldwide and feed a sustainable plastics economic system within the subsequent decade. Our plan is to have capability for 1,000,000 tonnes of plastic recycling in operation or improvement by 2025.

The corporate is predicated in London, UK. Go to http://www.muratechnology.com/

For additional data, please contact:

Cautionary Assertion about Ahead-Trying Statements

Sure statements on this report are “forward-looking statements” throughout the that means of the federal securities legal guidelines, together with Part 27A of the Securities Act of 1933, as amended, and Part 21E of the Securities Alternate Act of 1934, as amended. Such statements typically handle anticipated future enterprise and monetary efficiency, monetary situation, and different issues, and sometimes comprise phrases or phrases equivalent to “anticipate,” “imagine,” “estimate,” “anticipate,” “intend,” “might,” “alternative,” “outlook,” “plan,” “challenge,” “search,” “ought to,” “technique,” “goal,” “will,” “can be,” “will proceed,” “will doubtless consequence,” “would” and comparable expressions, and variations or negatives of those phrases or phrases.

Ahead-looking statements are based mostly on present assumptions and expectations of future occasions which can be topic to dangers, uncertainties and different elements which can be past Dow’s management, which can trigger precise outcomes to vary materially from these projected, anticipated or implied within the forward-looking statements and converse solely as of the date the statements have been made. These elements embrace, however are usually not restricted to: gross sales of Dow’s merchandise; Dow’s bills, future revenues and profitability; the persevering with international and regional financial impacts of the coronavirus illness 2019 (“COVID-19”) pandemic and different public health-related dangers and occasions on Dow’s enterprise; any sanction, export restrictions, provide chain disruptions or elevated financial uncertainty associated to the continued battle between Russia and Ukraine; capital necessities and wish for and availability of financing; sudden limitations within the improvement of expertise, together with with respect to Dow’s contemplated capital and working tasks; Dow’s potential to comprehend its dedication to carbon neutrality on the contemplated timeframe; dimension of the markets for Dow’s services and products and talent to compete in such markets; failure to develop and market new merchandise and optimally handle product life cycles; the speed and diploma of market acceptance of Dow’s merchandise; vital litigation and environmental issues and associated contingencies and sudden bills; the success of competing applied sciences which can be or might grow to be out there; the flexibility to guard Dow’s mental property in the USA and overseas; developments associated to contemplated restructuring actions and proposed divestitures or acquisitions equivalent to workforce discount, manufacturing facility and/or asset closure and associated exit and disposal actions, and the advantages and prices related to every of the foregoing; fluctuations in power and uncooked materials costs; administration of course of security and product stewardship; adjustments in relationships with Dow’s vital prospects and suppliers; adjustments in client preferences and demand; adjustments in legal guidelines and laws, political circumstances or trade improvement; international financial and capital markets circumstances, equivalent to inflation, market uncertainty, curiosity and forex trade charges, and fairness and commodity costs; enterprise or provide disruptions; safety threats, equivalent to acts of sabotage, terrorism or warfare together with the continued battle between Russia and Ukraine; climate occasions and pure disasters; disruptions in Dow’s data expertise networks and programs; and dangers associated to Dow’s separation from DowDuPont Inc. equivalent to Dow’s obligation to indemnify DuPont de Nemours, Inc. and/or Corteva, Inc. for sure liabilities.

The place, in any forward-looking assertion, an expectation or perception as to future outcomes or occasions is expressed, such expectation or perception is predicated on the present plans and expectations of administration and expressed in good religion and believed to have an affordable foundation, however there may be no assurance that the expectation or perception will consequence or be achieved or completed. An in depth dialogue of principal dangers and uncertainties which can trigger precise outcomes and occasions to vary materially from such forward-looking statements is included within the part titled “Danger Elements” contained within the Firm’s Annual Report on Type 10-Okay for the 12 months ended December 31, 2021 and the Firm’s Quarterly Report on Type 10-Q for the quarter ended June 30, 2022. These are usually not the one dangers and uncertainties that Dow faces. There could also be different dangers and uncertainties that Dow is unable to establish right now or that Dow doesn’t presently anticipate to have a fabric impression on its enterprise. If any of these dangers or uncertainties develops into an precise occasion, it might have a fabric antagonistic impact on Dow’s enterprise. Dow and TDCC assume no obligation to replace or revise publicly any forward-looking statements whether or not due to new data, future occasions, or in any other case, besides as required by securities and different relevant legal guidelines.

®TM Trademark of The Dow Chemical Firm (“Dow”) or an affiliated firm of Dow

2022-07-21 | NYSE:DOW | Press Launch View authentic content material:https://www.prnewswire.com/news-releases/dow-and-mura-technology-announce-largest-commitment-of-its-kind-to-scale-advanced-recycling-of-plastics-301590388.html

SOURCE The Dow Chemical Firm

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