MIDLAND, Mich. – January 16, 2019 – Dow is playing a lead role in the formation of a new alliance of global companies to advance solutions that eliminate plastic waste in the environment, especially in the
Dow is a founding member of the Alliance to End Plastic Waste (AEPW), a newly formed organization committing more than $1 billion with the goal of raising $1.5 billion over the next five years to develop and scale solutions that manage plastic waste and promote post-use solutions of plastic. The Alliance, currently consisted of nearly 30 companies, will develop and bring to scale solutions that will minimize and manage plastic waste and promote solutions by transitioning to a circular economy for plastics.
The Alliance membership represents global companies and organizations located throughout North and South America, Europe, Asia, Africa, and the Middle East.
“Keeping our environment free of waste is important to the future of Dow and our industry, but more importantly, it’s important to the future of our planet,” said Jim Fitterling, chief executive officer of Dow.
“This initiative brings together companies, governments, NGOs and consumers to accelerate efforts to drive innovation, provide much-needed resources, and take decisive action to put an end to plastic
waste in the environment.”
The Alliance is a not-for-profit organization that includes companies from across the global plastics and consumer goods value chain, including chemical and plastic manufacturers, consumer goods companies, retailers, converters, and waste management companies, along with a strategic partnership with the World Business Council for Sustainable Development.
The Alliance will make investments and drive progress in four key areas:
• Infrastructure development to collect and manage waste and increase recycling;
• Innovation to advance and scale new technologies that make recycling and recovering plastics easier and create value from all post-use plastics;
• Education and engagement of governments, businesses, and communities to mobilize action; and,
• Clean up concentrated areas of plastic waste already in the environment, particularly the major
conduits of waste, like rivers, that carry land-based plastic waste to the ocean.
“Solving this critical world challenge will require a diverse set of solutions developed by an equally
diverse group of stakeholders,” said Fitterling. “
The Alliance to End Plastic Waste brings together some of the most innovative minds in the world, allowing us to explore, develop and implement those solutions.”
Dow’s lead role in the AEPW is another example of the company’s actions, commitments and
investments to help eliminate plastic waste from the environment. Most recently the company has:
• Invested in people and companies working toward solutions: In October, Dow announced that it became a founding investor in Circulate Capital’s $100 million effort to incubate and finance companies and infrastructure that prevent waste in oceans. 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.