The supply agreement for 65,000 metric tons of circular feedstock advances the Companies' shared goal to support a circular economy for plastics in North America.* Once completed, Freepoint Eco-Systems' advanced recycling facility, to be built in Arizona, will be ISCC Plus-Certified and will recycle end-of-life plastic waste, otherwise destined for landfills or incineration, from the region.
- As the sole offtaker from phase one of the Arizona facility, Dow will transform the certified-circular liquid supply into virgin-grade equivalent plastics and develop new products to meet customer demand for recycled content through a mass balance approach.
- The supply agreement demonstrates Dow's momentum towards achieving its "Transform the Waste" goal to accelerate the circular ecosystem.
MIDLAND, Mich. and STAMFORD, Conn., May 16, 2024 -- Today, Dow (NYSE: DOW) and Freepoint Eco-Systems Supply & Trading LLC ("Freepoint Eco-Systems") announced an agreement for an estimated 65,000 metric tons per year of certified-circular, plastic waste-derived pyrolysis oil to produce new, virgin-grade equivalent plastics in Dow's U.S. Gulf Coast operations. Together, Dow and Freepoint Eco-Systems are building a recycling system that converts plastic waste into valuable materials and fosters a circular economy for plastics in North America.
Read the full release here.
Published May 16, 2024 11am EDT / 8am PDT / 4pm BST / 5pm CEST
Sustainable Brands Staff
Get the latest insights, trends, and innovations to help position yourself at the forefront of sustainable business leadership—delivered straight to your inbox.