MIDLAND, MI - Carlos Guimaraes, vice president of the Environmental Operations Business, The Dow Chemical Company, has been named a 2003 award recipient by the Hispanic Engineer National Achievement Awards Corporation (HENAAC) and Technica™ Magazine. Guimaraes will receive the Albert V. Baez Award, which was established in 1995 to honor engineers and scientists with outstanding technical achievements and service to humanity.

According to William S. Stavropoulos, Dow chairman, president and chief executive officer, "Carlos' visionary leadership has played a major role in shaping the strategies and plans that have enabled Dow to become recognized as an industry leader in environmental stewardship." He noted that Dow operates according to high standards of sustainable development - the simultaneous pursuit of economic prosperity, environmental stewardship and social responsibility. "Through the creation of a unique business model, as well as the ability to lead and develop innovative approaches, Carlos has directed the investment of nearly one billion dollars at Dow sites around the world to conserve natural resources such as water, while reducing waste, wastewater and air emissions. He has turned operations on the brink of closure into competitive sites that continue to flourish today."

Guimaraes' nomination was initiated by Dow's Hispanic Latin Network, an employee organization that is focused on strengthening the diversity of cultures, experiences and professional skills within Dow's Hispanic-Latin community in order to enhance business success and career development.

Guimaraes will receive the award October 17 at a ceremony sponsored by HENAAC, the College of Engineering at the University of Texas at Austin, and leading industry and government sponsors.

Guimaraes, who is based in Houston, Texas, is a 28-year employee of Dow. He has served in a variety of operational, business and leadership roles throughout Europe, North America and Latin America. These have included roles as production leader, plant superintendent, site manager, global business director, president of Dow Mexico, and president of Dow Portugal. He was appointed to his current role as vice president of the Environmental Operations Business and vice president of Operations for the Chemicals Business Group in 2000. Guimaraes also serves as chairman of the United States Business Council for Sustainable Development, a partner organization of the World Business Council for Sustainable Development.

About HENAAC

HENAAC was established in 1989 and its mission is to seek out and honor Hispanic excellence in science, engineering and technology nationwide and to demonstrate the value of education. Recipients of the awards were selected by the HENAAC Selection Committee, an independent group of representatives from industry, government and academia. For more information, visit its website at www.henaac.org.

About the Albert V. Baez Award

A retired physicist, Albert V. Baez is noted for his pioneering research in X-ray optics. As an educator, he spearheaded curriculum reform in third world countries for the United Nations Educational, Scientific and Cultural Organization (UNESCO). As a humanitarian, he continues to help others improve their lives through Vivamos Mejor, USA.

This award is not presented annually. Past recipients of the award include: Ellen Ochoa, Ph.D., research physicist and NASA astronaut; George Castro, Ph.D., physicist; and Raphael Bras, Ph.D., Department Head, Civil and Environmental Engineering, Massachusetts Institute of Technology.

About Dow

Dow is a leading science and technology company that provides innovative chemical, plastic and agricultural products and services to many essential consumer markets. With annual sales of $28 billion, Dow serves customers in more than 170 countries and a wide range of markets that are vital to human progress, including food, transportation, health and medicine, personal and home care, and building and construction, among others. Committed to the principles of Sustainable Development, Dow and its approximately 50,000 employees seek to balance economic, environmental and social responsibilities. For further information, visit www.dow.com.

OLD - Dow Chemical Company

OLD - Dow Chemical Company

With annual sales of $54 billion and 46,000 employees worldwide, Dow is a diversified chemical company that combines the power of science and technology with the "Human Element" to constantly improve what is essential to human progress. The Company delivers a broad range of products and services to customers in around 160 countries, connecting chemistry and innovation with the principles of sustainability to help provide everything from fresh water, food and pharmaceuticals to paints, packaging and personal care products. References to "Dow" or the "Company" mean The Dow Chemical Company and its consolidated subsidiaries unless otherwise expressly noted.