Dow (NYSE: DOW) has finalized an agreement with Gunvor Petroleum Rotterdam, a wholly owned subsidiary of
Gunvor will supply cracker-ready feedstock to Dow in
'The agreement builds on Dow's longstanding relationship with Gunvor and leverages the economies of scale needed to bring a circular economy for plastics another step closer,' said
Gunvor is an experienced processor of crude oils with a strong European presence, and brings expertise that can further improve the quality of pyrolysis oil feedstock. The agreement with Gunvor supports Dow's advanced recycling agreements with Mura, Fuenix and New Hope and complements Dow's intention to fast-track a market development scale purification unit in Terneuzen,
'By building on our longstanding relationship with Dow, Gunvor is implementing our near-term strategy to leverage the Group's existing traditional asset base to advance Energy Transition objectives in a commercially viable manner,' said
About
About Dow
Dow (NYSE: DOW) combines global breadth, asset integration and scale, focused innovation and leading business positions to achieve profitable growth. The Company's ambition is to become the most innovative, customer centric, inclusive and sustainable materials science company, with a purpose to deliver a sustainable future for the world through our materials science expertise and collaboration with our partners. Dow's portfolio of plastics, industrial intermediates, coatings and silicones businesses delivers a broad range of differentiated science-based products and solutions for its customers in high-growth market segments, such as packaging, infrastructure, mobility and consumer care. Dow operates 106 manufacturing sites in 31 countries and employs approximately 35,700 people. Dow delivered sales of approximately
Contact:
Mr.
Tel: +41 79 870 6290
Email: seth.pietras@gunvorgroup.com
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