The US Environmental Protection Agency (EPA) has honored The Dow Chemical Company, the largest US chemical maker by sales, as one of the honorees of the 18th annual US Presidential Green Chemistry Challenge Award, for the development of EVOQUE pre-composite polymer technology, reported Dow on its site.
This win marks the ninth time that Dow and its affiliates have received this recognition, more than double any other company since the award’s inception in 1996.
The US Presidential Green Chemistry Challenge Award is presented annually to organizations that incorporate the principles of green chemistry into chemical design, manufacture, and use. Dow’s past recognitions span innovation across a broad number of applications, including environmentally-friendly insect control, synthetic pathways that reduce carbon dioxide waste, and an environmentally safe marine anti-foulant.
The 2013 award recognizes the innovative technology behind EVOQUE that is changing the way paint is made and allowing more effective hiding with lower environmental impact. This technology improves sustainability and performance such as rust resistance, protection and durability, while requiring less titanium dioxide, helps to reduce the paint’s carbon footprint by more than 22% and water consumption by 30%.
As MRC wrote previously, earlier this month, Dow Chemical unveiled its plans to separate chlorine-related assets including its epoxy business as the company focuses on higher-margin activities. The chlorine assets account for as much as USD5 billion of annual revenue and include plants at 11 sites employing almost 2,000 people, Midland.
The Dow Chemical Company is an American multinational chemical corporation. As of 2007, it is the second-largest chemical manufacturer in the world by revenue (after BASF) and as of February 2009, the third-largest chemical company in the world by market capitalization (after BASF and DuPont). Dow is a large producer of plastics, including polystyrene, polyurethane, polyethylene, polypropylene, and synthetic rubber.