Dow announced its intention to further invest and develop new global initiatives and solutions that work to prevent and remediate plastic waste in the environment.
The initiatives, announced in conjunction with the recent Our Ocean Conference in Bali, Indonesia, include Dow’s commitment to join several other major global brands to become a founding investor in Circulate Capital’s $100 million effort to incubate and finance companies and infrastructure that prevent waste in oceans. Dow also announced at the Conference that it intends to donate an additional $1 million to Ocean Conservancy over the next two years to support waste collection and recycling solutions in Southeast Asian countries. This money would be used for projects that build the capacity of local non-governmental organizations and partnerships with city leaders to develop, scale and replicate implementable solutions.
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