Speaking to members of the media earlier this month, Dow Chemical Co. CEO Andrew Liveris offered plenty of good news about the company. His presentation, "The Right Formula for Earnings Growth," introduced the audience to a new element on the Periodic Table: Hu – Human. And he outlined the three pillars that drive growth at Dow: the right geographic presence; the right growth and innovation pipeline; and the right portfolio.
Fueling the innovation pipeline -- as well as fostering the human element, Dow Chemical announced it became the first global partner of the International Year of Chemistry (IYC) in 2011. The Midland-Mich.-based company has partnered with the International Union of Pure and Applied Chemistry (IUPAC) to celebrate achievements in science and the potential of chemistry to address world challenges through education, innovation and international collaboration. Designated by the United Nations, IYC is an initiative led by IUPAC and the United Nations Educational, Scientific and Cultural Organization (UNESCO).
Dow has committed to leverage its science and technology expertise, sustainability focus and global network to support a range of events and activities that promote the role of chemistry in the advancement of human progress, environmental protection and economic development.
"We see tremendous value in partnering with IUPAC and leveraging Dow's experience and industry leadership to foster international cooperation around advancing chemistry to solve world challenges such as energy, housing, health, food and nutrition, infrastructure and economic development," says Liveris. "We are focused on principles of sustainability, innovation and collaboration in our pursuit of solutions that apply chemistry as a catalyst of change."
To reinforce its dedication to sustainability, Dow recently published its 2015 Sustainability Goals Update, which are made public each quarter.
Highlights from the latest report include:
Innovations for Tomorrow -- developing innovative technologies for current and future markets.
• Department of Energy names Dow to lead research and development team
• Dow introduces world's first halogen-free solution for flexible cords
Smart Solutions for Today -- enabling our customers, and their customers, to develop more sustainable products and service.
• Dow Coating Materials presents advances in wood coatings at PRA Woodcoatings Congress
• PM100 Award recognizes Dow innovation in energy conservation
Responsible Operations -- providing a positive impact on our company, our communities and ourselves.
• Dow receives Robert W. Campbell Award from the U.S. National Safety Council
• Dow named to Carbon Disclosure Leadership Index
• Dow sponsors 2010 International Coastal Cleanup Event
Partners for Change -- collaborating with customers, suppliers, communities, civil society and governments.
• Dow provides support to Pakistan flood humanitarian relief and recovery
• Dow Named for 10th Time to Dow Jones Sustainability Index
Another way the company is partnering for change -- and supporting the right geographic presence pillar -- is via clean-water projects. The Dow Water & Process Solutions is playing a key role in the Middle East's newest major desalination project -- The Soreq Desalination Plant. There, its membranes will help produce up to 150 billion liters (39.6 billion gallons) of drinking water annually. Located 15 kilometers (9.3 miles) south of Tel Aviv, Israel, the Soreq Seawater Desalination Plant also is the world's largest user of 16-inch Dow Filmtec reverse osmosis (RO) membranes. Dow Water & Process Solutions has developed 16-inch RO technology with an active surface area 4.3 times that of the elements typically used in full-scale RO systems for water reuse, increasing the membrane size options for system designers and decreasing the number of permeate o-ring seals needed by seven-fold.