WIESBADEN, GERMANY - Dow (NYSE:DOW), a global leader in material sciences, has introduced a new bio-based rubber material, NORDEL™ REN Ethylene Propylene Diene Terpolymers (EPDM), designed to assist various industries in reducing their carbon footprint. This innovative product targets the automotive, infrastructure, and consumer sectors, offering a sustainable alternative without compromising performance.
NORDEL™ REN EPDM utilizes bio residues from other industries, ensuring that the production process does not encroach on food resources or additional land. The material is produced via an ISCC PLUS certified mass balance system, which tracks and attributes bio-based raw materials through complex supply chains.
This launch aligns with Dow's broader commitment to sustainability and its goal to deliver 3 million metric tons of circular and renewable solutions annually by 2030. According to Zshelyz Lee, Global Automotive Plastics Circularity Team Leader at Dow, NORDEL™ REN EPDM embodies the company's efforts to support customers in their decarbonization initiatives and contribute to a more sustainable future.
The production of NORDEL™ REN EPDM benefits from Dow's Advanced Molecular Catalyst technology, which is more energy-efficient than traditional methods and results in a significantly lower carbon footprint, as confirmed by third-party life cycle analysis.
Dow continues to focus on reducing its own Scope 1, 2, and 3 emissions, with investments in renewable energy and next-generation technologies. The company's strategy aims to achieve net zero emissions and address environmental concerns.
The introduction of NORDEL™ REN EPDM is part of Dow's ongoing pursuit of innovation and sustainability, reflecting its role as a major player in the materials science industry. With manufacturing sites across 31 countries and a workforce of approximately 35,900, Dow generated sales of around $45 billion in 2023. The company's efforts are directed toward profitable growth while promoting a sustainable future.
InvestingPro Insights
As Dow (NYSE:DOW) unveils its NORDEL™ REN Ethylene Propylene Diene Terpolymers (EPDM) to support sustainability in the automotive and other key industries, investors are keeping a close eye on the company's financial health and market performance. According to InvestingPro data, Dow boasts a market capitalization of $37.82B, reflecting its significant presence in the chemicals industry. Despite a challenging economic backdrop, Dow's P/E ratio stands at 32.02, with an adjusted P/E ratio for the last twelve months as of Q1 2024 at 24.84, suggesting investors are valuing the company's future earnings potential.
InvestingPro Tips reveal that management's aggressive share buyback strategy and expectations of net income growth this year could signal confidence in Dow's strategic direction. Moreover, the company pays a considerable dividend, with a yield of 5.15% as of the last recorded date, rewarding shareholders directly for their investment. Furthermore, Dow's stock is generally known for its low price volatility, which might appeal to investors seeking a stable equity in their portfolio.
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