20-06-2024
Dow advances its mechanical recycling offering by agreeing to acquire Circulus
Dow announced it has signed an agreement to acquire Circulus, a leading recycler of plastic waste into post-consumer resin. This transaction includes two facilities, one in Ardmore, Oklahoma, and another in Arab, Alabama, with a total capacity of 50,000 metric tons per year. Dow expects the transaction to close in the third quarter of 2024, subject to customary regulatory approval.
"This acquisition will allow Dow to combine our Company's industry leading materials science technology with Circulus' film recycling expertise to accelerate progress towards our 2030 Transform the Waste goal," said Karen S. Carter, president, Packaging & Specialty Plastics. "It will also expand how we participate in the industry, allowing us to generate value for our customers by directly producing more higher performing circular products that brands and consumers are demanding."
Dow's expertise in materials science and high-performance resins combined with Circulus' mechanical film recycling capability will allow Dow to enhance its offerings in applications, such as collation shrink packaging, stretch film, liners and select food packaging, to a wider range of applications in the industrial, consumer, and transportation markets.
"The Circulus team is excited to move forward with Dow in advancing a circular economy. Circulus leverages the best technology available to advance the recycling of plastic packaging waste," said Mike Dulin, CEO, Circulus. "Our leadership team brings more than 65 years of combined experience in the recycling and plastics industries, resulting in high quality and sustainably produced resins, suitable for upcycled applications."
This transaction supports Dow's efforts, announced earlier, to transform plastic waste and other forms of alternative feedstocks into 3 million metric tons of circular and renewable solutions annually by 2030. To do this, Dow is building industrial ecosystems to collect, reuse or recycle waste and expand its portfolio to meet rapidly growing demand.
News Category:
-
MAIRE completes Carbon Capture and Storage plant at Eni's Ravenna hub
MAIRE, through its subsidiaries NEXTCHEM and KT, acted as technology integrator and completed the full Engineering, Procurement and Construction works for a carbon plant ...
06-09-2024
-
DNV awards Wallenius Wilhelmsen first B100 verification for biofuel insetting
DNV has awarded Wallenius Wilhelmsen its first biofuel insetting verification statement - recognizing the company’s use of B100 during a recent voyage. Biofuels ...
04-09-2024
-
Alfa Laval receives approval in principle for its gas combustion unit for hydrogen
Alfa Laval has achieved a significant milestone in the development of its Gas Combustion Unit (GCU) technology for hydrogen boil-off gas, having received Approval in ...
04-09-2024
-
ADNOC and ExxonMobil agreement for low-carbon hydrogen facility
His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, has witnessed the signing of an ...
04-09-2024
-
Emission-free URACA plunger pumps
An important step in environmental protection: The development of an emission-free pump design allows the plunger pump manufacturer URACA to handle critical media under ...
03-09-2024
-
Black & Veatch to identify carbon capture opportunities in Vietnam
Black & Veatch, a global leader in critical infrastructure solutions, is evaluating the feasibility and readiness of deploying carbon capture, utilization and storage ...
03-09-2024
-
EET Fuels, which plans to create the world’s leading low carbon process refinery, has progressed to the front-end engineering design (FEED) stage of its Hydrogen Fuel ...
29-08-2024
-
World’s first of its kind green ammonia plant inaugurated by Skovgaard Energy, Vestas, and Topsoe
Topsoe, a global leader in carbon emission reduction technologies, and its partners Skovgaard Energy and Vestas have inaugurated a new green ammonia plant in Ramme, Denmark. The ...
29-08-2024
-
Wood has been awarded the front-end engineering design (FEED) stage of EET Fuels Hydrogen Fuel Switching project. Hydrogen will be provided by EET Hydrogen, our co-located ...
29-08-2024
-
Lhyfe, a global leader in green hydrogen production, OX2, one of Europe’s largest onshore wind developers, and Velarion, an innovative company within green fertiliser ...
29-08-2024