Submitted by: OLD - Dow Chemical Company
Posted: May 14, 2007 – 10:00 AM EST
May 14 /CSRwire/ - MIDLAND, MI - May 14, 2007. The Dow Chemical Company was named winner of a 2006 American Chemistry Council (ACC) Responsible Care Energy Efficiency Award. Dow receives an 'Exceptional Merit' award in recognition of its longstanding energy efficiency and conservation efforts, including an energy intensity improvement of 22% from 1995 to 2005 and leadership in external promotion of energy efficiency and conservation.
"We are very pleased to be recognized with an ACC Responsible Care Energy Efficiency Award," said Dave Kepler, Chief Sustainability Officer. "Energy efficiency is an important immediate action to help secure a sustainable energy supply. At the same time, it is instrumental in reducing CO2 emissions and mitigating climate change, the most urgent environmental issue society faces today. Our efforts to address both issues range from improving the energy performance in our own operations, to applying our science and technology to develop alternative energy sources and products that help consumers be more energy efficient."
The reduction in energy intensity (BTU per pound of product) by 22% resulted in energy saving of 900 trillion BTUs, enough to power eight million US homes for a year. "Building on these results, Dow is now working towards a goal to further reduce energy intensity by 25% from 2005 to 2015," adds Rich Wells, Energy Business Vice President. "In addition, we have set ourselves a 2015 goal of 2.5% per year reduction greenhouse gas intensity*."
The award also acknowledges Dow's support for external energy efficiency campaigns. These include sponsorship of The Alliance to Save Energy's 'The Power is in Your Hands' energy efficiency campaign, designed to empower U.S. energy consumers to save money and energy, and collaboration with the U.S. Government Energy Programs such as the Department of Energy (DOE) 'Save Energy Now' industrial energy efficiency campaign.
In addition to Dow, thirteen other ACC member companies were honored with a Responsible Care Energy Efficiency Award.
"We honor these companies because they have exemplified the spirit of energy efficiency that is such an important achievement of our sector," said Jack N. Gerard, President & CEO of the ACC. "Not only do we continually improve energy efficiency and reduce greenhouse gas emissions in our own operations, we also contribute the materials that help the entire U.S. economy be more energy-efficient. Energy saved equals lower U.S. greenhouse gas emissions."
Dow is a diversified chemical company that harnesses the power of innovation, science and technology to constantly improve what is essential to human progress. The Company offers a broad range of products and services to customers in more than 175 countries, helping them to provide everything from fresh water, food and pharmaceuticals to paints, packaging and personal care products. Built on a commitment to its principles of sustainability, Dow has annual sales of $49 billion and employs 43,000 people worldwide. References to "Dow" or the "Company" mean The Dow Chemical Company and its consolidated subsidiaries unless otherwise expressly noted. More information about Dow can be found at www.dow.com.
*Greenhouse gas emissions per pound of produced product (from a 2005 baseline).