Huge Industry most profitable Oil & Gas
- 400 mMT of plastics by industry
North Am 8% growth, double digits in APAC, RoW
But Plastics is Sustainable packaging
Huge value to fresh foods - extends life 2-3 weeks vs normal paper/cardboard
Most growing market in packaging
Strong and light vs Glass/Aluminium - less shipping cost, overall lower CO2 footprint
Plastics more durable than wood, much cheapter
Plastics Waste Environmental Impact
- Plastic Sea - millenials may hate it ..
- But Plastics sustainable packaging
- Most growing market in packaging
400 mMT of plastics by industry - 8 mMT ends up as Waste problem - often - Chemical councils
DOW - spun out by 2019Q1
FY 2021 c60 ()
FY 2018 Q3 sales up 18% in which past growth 1 digit!
- Saudi JV with Sadara coming online - service APAC, Africa - Low Cost Leader
Gulf Coast ventures poly - 3 big ones in 2020-21 - take advantage of Gas - serve Americas
- Sch B rating, 7/15/21 downgraded to Underperform from Neutral at BofA Securities.
Div Qtrly 70c annual div 4.5%
About Dow Chemical Company
- Split up from DowDuPont into 3 companies
- Jim Fitterling, CEO of DowDuPont subsidiary The Dow Chemical Company, to hear about its impending spin-off and the chemical business at large.