{"id":685047,"date":"2022-09-14T07:28:09","date_gmt":"2022-09-14T11:28:09","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/dow-and-mura-technology-plan-to-locate-europes-largest-advanced-recycling-facility-at-dows-site-in-bohlen-germany\/"},"modified":"2022-09-14T07:28:09","modified_gmt":"2022-09-14T11:28:09","slug":"dow-and-mura-technology-plan-to-locate-europes-largest-advanced-recycling-facility-at-dows-site-in-bohlen-germany","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/dow-and-mura-technology-plan-to-locate-europes-largest-advanced-recycling-facility-at-dows-site-in-bohlen-germany\/","title":{"rendered":"Dow and Mura Technology plan to locate Europe&#8217;s largest advanced recycling facility at Dow&#8217;s site in B\u00f6hlen, Germany"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<ul type=\"disc\">\n<li>Facility expected to be the largest of its kind to date in <span class=\"xn-location\">Europe<\/span>, and the first of its kind in <span class=\"xn-location\">Germany<\/span><\/li>\n<li>Part of a goal for multiple planned units across <span class=\"xn-location\">Europe<\/span> and U.S. to add as much as 600 KTA of advanced recycling capacity by 2030, enabling greater supply of recycled plastic content to major brands across the globe<\/li>\n<li>Mura&#8217;s HydroPRS\u2122 advanced recycling process is unique, as it uses supercritical steam to convert most forms of plastics, which have previously been deemed &#8216;unrecyclable&#8217;<\/li>\n<li>Represents a key contribution to Dow&#8217;s climate and circularity target to enable 1 million metric tons of plastic to be collected, reused or recycled by 2030<\/li>\n<li>Dow&#8217;s support of Mura Technology enables Mura to build on its multi-year pipeline of planned projects, the first of which will be sited in Teesside, U.K. and is on track to be fully operational in 2023<\/li>\n<\/ul>\n<p>\n        <span class=\"legendSpanClass\">HORGEN, <span class=\"xn-location\">Switzerland<\/span><\/span>, <span class=\"legendSpanClass\"><span class=\"xn-chron\">Sept. 14, 2022<\/span><\/span> \/PRNewswire\/ &#8212; Dow (NYSE: Dow), the world&#8217;s leading materials science company, and Mura Technology, the global pioneer of an advanced plastic recycling solution, today announce the next step in their ongoing collaboration to help solve the global plastics waste issue and advance circularity. Mura plans to construct a new facility at Dow&#8217;s B\u00f6hlen site in <span class=\"xn-location\">Germany<\/span> \u2013 the latest in a series of planned facilities across the U.S. and <span class=\"xn-location\">Europe<\/span> to rapidly scale advanced recycling of plastics \u2013 and the first expected to be based at a Dow site. This project is targeted for a final investment decision by the end of 2023.<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/1898607\/Mura_Icon.html\" target=\"_blank\" rel=\"nofollow noopener\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/1898607\/Mura_Icon.jpg\" title=\"Mura Technology\u2019s mission is to eliminate global plastic pollution and create sustainable societies.\" alt=\"Mura Technology\u2019s mission is to eliminate global plastic pollution and create sustainable societies.\" \/><br \/>\n          <\/a>\n        <\/p>\n<\/p><\/div>\n<p>Mura&#8217;s new B\u00f6hlen facility in <span class=\"xn-location\">Germany<\/span>, which is expected to be operational by 2025, would deliver approximately 120 kilotons per annum (KTA) of advanced recycling capacity at full run-rate. This and the <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3648005-1&amp;h=123510201&amp;u=https%3A%2F%2Fcorporate.dow.com%2Fen-us%2Fnews%2Fpress-releases%2Fdow-and-mura-technology-announce-largest-commitment-of-its-kind-&amp;a=other+planned+units\" target=\"_blank\" rel=\"nofollow noopener\">other planned units<\/a>\u00a0expected to be constructed across <span class=\"xn-location\">Europe<\/span> and the U.S. would collectively add as much as 600KTA of advanced recycling capacity by 2030 \u2013 and position Dow to become the largest consumer of circular feedstock for polyethylene production globally.<\/p>\n<p>&#8220;The continuation and growth of Dow and Mura&#8217;s collaboration is another example of how Dow is working strategically to expand and\u00a0build momentum around\u00a0securing circular feedstocks and supporting\u00a0breakthrough advanced recycling technologies,&#8221; said\u00a0Isam Shomaly,\u00a0Dow business vice president for Feedstocks\u00a0and\u00a0Commodities.<\/p>\n<p>&#8220;We continue to increase Dow&#8217;s capacity to use recycled content as feedstock, and continue to invest in the most effective technology available to enable our circular business model for plastics,&#8221; said <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3648005-1&amp;h=2649601320&amp;u=https%3A%2F%2Fcorporate.dow.com%2Fen-us%2Fabout%2Fcompany%2Fleadership%2Fdiego-donoso.html&amp;a=Diego+Donoso\" target=\"_blank\" rel=\"nofollow noopener\"><span class=\"xn-person\">Diego Donoso<\/span><\/a>, president of Dow Packaging &amp; Specialty Plastics. &#8220;The diversification of our feedstock slate and decarbonization of our assets will enable the achievement of Dow&#8217;s goal of a sustainable, low-carbon future, and meet strong and growing customer demand for circular polymers. This will be a significant step forward to decrease our dependency on virgin fossil-based feedstocks.&#8221;<\/p>\n<p>The planned facility builds on Dow&#8217;s ongoing collaboration with Mura, first announced in 2021, with an initial project to construct the world&#8217;s first plant using Mura&#8217;s HydroPRS\u2122 process, located in Teesside, UK, which is expected be operational in 2023 with an initial 20KTA production line. The B\u00f6hlen, <span class=\"xn-location\">Germany<\/span>, site, expected to be co-located with Dow&#8217;s manufacturing facilities, would enable a significantly larger capacity for plastic waste and considerably increase the supply of fully circular feedstock to the industry. This circular feed, derived from plastic waste currently destined for incineration or landfill, would reduce reliance on virgin fossil-based feedstocks and would enable Dow to produce a recycled plastic which is in high demand from global brands, particularly for high-end sensitive markets like food and medical applications.\u00a0<\/p>\n<p>Dow aims to take advantage of co-location benefits, which could significantly\u00a0reduce\u00a0the cost of scaling advance recycling facilities.\u00a0In addition, co-location of Mura&#8217;s facilities at Dow locations would be expected to reduce carbon emissions by minimizing transportation of the offtake and as gas output from the advanced recycling process can be converted back to plastics, thereby ensuring no by-products go to waste.<\/p>\n<p>\n        <span class=\"xn-person\">Steve Mahon<\/span>, chief executive officer at Mura Technology, said,\u00a0&#8220;Combating the global plastics crisis requires innovative solutions which can drive a circular economy. Mura&#8217;s collaboration with Dow has led to the largest commitment across the industry to date, showcasing the urgency from industry leaders to adopt scalable solutions such as HydroPRS that will transform the plastics industry worldwide. Dow&#8217;s continued support for Mura Technology has led to a highly financeable commercial arrangement and the deepening collaboration will allow both companies to achieve their stated ambitions in the advanced recycling space.<\/p>\n<p>&#8220;Dow&#8217;s commitments to accelerating a global circular plastics economy is exemplified through deploying HydroPRS<sup>TM<\/sup> at the newest advanced recycling facility in <span class=\"xn-location\">Germany<\/span>, which will enable us to dramatically increase recycling capacity. Through our collaboration and Dow&#8217;s extensive global reach, we can accelerate the pace and scale at which a circular plastics economy becomes a reality worldwide.&#8221;<\/p>\n<p>Mura&#8217;s HydroPRS\u2122 (Hydrothermal Plastic Recycling Solution) advanced recycling process is unique, as it uses supercritical steam to convert most forms of plastics \u2013 including flexible and multi-layer plastics, which have previously been deemed &#8216;unrecyclable&#8217; \u2013 back into the original oils and chemicals from which they were made. These can then be used to create new, virgin-equivalent plastic products which are even suitable for food contact packaging.<\/p>\n<p>With Mura&#8217;s process, the same material can be recycled repeatedly, meaning it has the potential to eliminate single use plastic and prevent it from going to landfill or being incinerated. This has additional carbon benefits, with advanced recycling processes expected to save approximately 1.5 tons of carbon dioxide per ton of plastic recycled, compared to incineration and reducing reliance on fossil-based feedstocks.<\/p>\n<ul type=\"disc\">\n<li>See explanatory video on the <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3648005-1&amp;h=4138872627&amp;u=https%3A%2F%2Fwww.youtube.com%2Fwatch%3Fv%3D9J_7xT11u8A&amp;a=HydroPRS%E2%84%A2+Process\" target=\"_blank\" rel=\"nofollow noopener\">HydroPRS\u2122 Process<\/a><a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3648005-1&amp;h=3331205805&amp;u=https%3A%2F%2Fwww.youtube.com%2Fwatch%3Fv%3D9J_7xT11u8A&amp;a=here\" target=\"_blank\" rel=\"nofollow noopener\">here<\/a>.<\/li>\n<li>See <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3648005-1&amp;h=3022906321&amp;u=https%3A%2F%2Fwww.youtube.com%2Fwatch%3Fv%3Df-DXvX3uUTM%23xd_co_f%3DYzFiYjM4ZTUtM2RmNS00MmU1LTk4MWQtMjAyZTU0M2Y0NTkx%7E&amp;a=here\" target=\"_blank\" rel=\"nofollow noopener\">here<\/a> for video on Dow&#8217;s drive for a circular economy for plastics.<\/li>\n<\/ul>\n<p>\n        <b>About Dow<\/b>\n      <\/p>\n<p>Dow (NYSE: DOW) combines global breadth; asset integration and scale; focused innovation and materials science expertise; leading business positions; and environmental, social and governance (ESG) leadership to achieve profitable growth and deliver a sustainable future. The Company&#8217;s ambition is to become the most innovative, customer centric, inclusive and sustainable materials science company in the world. Dow&#8217;s portfolio of plastics, industrial intermediates, coatings and silicones businesses delivers a broad range of differentiated, science-based products and solutions for its customers in high-growth market segments, such as packaging, infrastructure, mobility and consumer applications. Dow operates 104 manufacturing sites in 31 countries and employs approximately 35,700 people. Dow delivered sales of approximately <span class=\"xn-money\">$55 billion<\/span> in 2021. References to Dow or the Company mean Dow Inc. and its subsidiaries. For more information, please visit <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3648005-1&amp;h=1798914284&amp;u=http%3A%2F%2Fwww.dow.com%2F&amp;a=www.dow.com\" target=\"_blank\" rel=\"nofollow noopener\">www.dow.com<\/a> or follow <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3648005-1&amp;h=4226548571&amp;u=https%3A%2F%2Ftwitter.com%2FDowNewsroom&amp;a=%40DowNewsroom\" target=\"_blank\" rel=\"nofollow noopener\">@DowNewsroom<\/a> on Twitter.<\/p>\n<p>For further information, please contact:<\/p>\n<p>\n        <span class=\"xn-person\">Judith Hicks<\/span> (Dow)<br \/><a href=\"mailto:jchicks@dow.com\" target=\"_blank\" rel=\"nofollow noopener\">jchicks@dow.com<\/a><br \/><span>+41 44 728 2319<\/span><\/p>\n<p>\n        <b>About Mura Technology<\/b>\n      <\/p>\n<p>Mura Technology&#8217;s mission is to eliminate global plastic pollution and create sustainable societies.<\/p>\n<p>We are pioneering a globally scalable technology to prevent millions of tons of plastic and CO2 from entering our natural environment every year and turning an <span class=\"xn-money\">$80bn<\/span> lost resource of plastic waste into a valuable global commodity. Our technology can recycle all plastic waste, and produces the ingredients for brand new products, reducing the need for new and fossil-fuel derived plastics.<\/p>\n<p>We are partnering with the biggest global brands to scale worldwide and feed a sustainable plastics economy in the next decade. Our plan is to have capacity for 1,000,000 tons of plastic recycling in operation or development by 2025.<\/p>\n<p>The company is based in <span class=\"xn-location\">London, UK<\/span>. Visit <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3648005-1&amp;h=3447184662&amp;u=http%3A%2F%2Fwww.muratechnology.com%2F&amp;a=http%3A%2F%2Fwww.muratechnology.com%2F\" target=\"_blank\" rel=\"nofollow noopener\">http:\/\/www.muratechnology.com\/<\/a><\/p>\n<p>For further information, please contact:<\/p>\n<p>Hill and Knowlton Strategies\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 <br \/>mura<span>@<\/span>hkstrategies<span>.<\/span>com<span>\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0<\/span><\/p>\n<p>\n        <b>Cautionary Statement about Forward-Looking Statements\u00a0<\/b>\u00a0<\/p>\n<p>Certain statements in this report are &#8220;forward-looking statements&#8221; within the meaning of the federal securities laws, including Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements often address expected future business and financial performance, financial condition, and other matters, and often contain words or phrases such as &#8220;anticipate,&#8221; &#8220;believe,&#8221; &#8220;estimate,&#8221; &#8220;expect,&#8221; &#8220;intend,&#8221; &#8220;may,&#8221; &#8220;opportunity,&#8221; &#8220;outlook,&#8221; &#8220;plan,&#8221; &#8220;project,&#8221; &#8220;seek,&#8221; &#8220;should,&#8221; &#8220;strategy,&#8221; &#8220;target,&#8221; &#8220;will,&#8221; &#8220;will be,&#8221; &#8220;will continue,&#8221; &#8220;will likely result,&#8221; &#8220;would&#8221; and similar expressions, and variations or negatives of these words or phrases.\u00a0<\/p>\n<p>Forward-looking statements are based on current assumptions and expectations of future events that are subject to risks, uncertainties and other factors that are beyond Dow&#8217;s control, which may cause actual results to differ materially from those projected, anticipated or implied in the forward-looking statements and speak only as of the date the statements were made. These factors include, but are not limited to: sales of Dow&#8217;s products; Dow&#8217;s expenses, future revenues and profitability; the continuing global and regional economic impacts of the coronavirus disease 2019 (&#8220;COVID-19&#8221;) pandemic and other public health-related risks and events on Dow&#8217;s business; any sanction, export restrictions, supply chain disruptions or increased economic uncertainty related to the ongoing conflict between <span class=\"xn-location\">Russia<\/span> and <span class=\"xn-location\">Ukraine<\/span>; capital requirements and need for and availability of financing; unexpected barriers in the development of technology, including with respect to Dow&#8217;s contemplated capital and operating projects; Dow&#8217;s ability to realize its commitment to carbon neutrality on the contemplated timeframe; size of the markets for Dow&#8217;s products and services and ability to compete in such markets; failure to develop and market new products and optimally manage product life cycles; the rate and degree of market acceptance of Dow&#8217;s products; significant litigation and environmental matters and related contingencies and unexpected expenses; the success of competing technologies that are or may become available; the ability to protect Dow&#8217;s intellectual property in <span class=\"xn-location\">the United States<\/span> and abroad; developments related to contemplated restructuring activities and proposed divestitures or acquisitions such as workforce reduction, manufacturing facility and\/or asset closure and related exit and disposal activities, and the benefits and costs associated with each of the foregoing; fluctuations in energy and raw material prices; management of process safety and product stewardship; changes in relationships with Dow&#8217;s significant customers and suppliers; changes in consumer preferences and demand; changes in laws and regulations, political conditions or industry development; global economic and capital markets conditions, such as inflation, market uncertainty, interest and currency exchange rates, and equity and commodity prices; business or supply disruptions; security threats, such as acts of sabotage, terrorism or war including the ongoing conflict between <span class=\"xn-location\">Russia<\/span> and <span class=\"xn-location\">Ukraine<\/span>; weather events and natural disasters; disruptions in Dow&#8217;s information technology networks and systems; and risks related to Dow&#8217;s separation from DowDuPont Inc. such as Dow&#8217;s obligation to indemnify DuPont de Nemours, Inc. and\/or Corteva, Inc. for certain liabilities.\u00a0<\/p>\n<p>Where, in any forward-looking statement, an expectation or belief as to future results or events is expressed, such expectation or belief is based on the current plans and expectations of management and expressed in good faith and believed to have a reasonable basis, but there can be no assurance that the expectation or belief will result or be achieved or accomplished. A detailed discussion of principal risks and uncertainties which may cause actual results and events to differ materially from such forward-looking statements is included in the section titled &#8220;Risk Factors&#8221; contained in the Company&#8217;s Annual Report on Form 10-K for the year ended <span class=\"xn-chron\">December 31, 2021<\/span> and the Company&#8217;s Quarterly Report on Form 10-Q for the quarter ended <span class=\"xn-chron\">June 30, 2022<\/span>. These are not the only risks and uncertainties that Dow faces. There may be other risks and uncertainties that Dow is unable to identify at this time or that Dow does not currently expect to have a material impact on its business. If any of those risks or uncertainties develops into an actual event, it could have a material adverse effect on Dow&#8217;s business. Dow and TDCC assume no obligation to update or revise publicly any forward-looking statements whether because of new information, future events, or otherwise, except as required by securities and other applicable laws.\u00a0<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder2\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/1556013\/The_Dow_Chemical_Company_Logo.html\" target=\"_blank\" rel=\"nofollow noopener\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/1556013\/The_Dow_Chemical_Company_Logo.jpg\" title=\"www.dow.com (PRNewsfoto\/The Dow Chemical Company)\" alt=\"www.dow.com (PRNewsfoto\/The Dow Chemical Company)\" \/><br \/>\n          <\/a>\n        <\/p>\n<\/p><\/div>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=DC72707&amp;sd=2022-09-14\" \/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow noopener\" href=\"https:\/\/www.prnewswire.com\/news-releases\/dow-and-mura-technology-plan-to-locate-europes-largest-advanced-recycling-facility-at-dows-site-in-bohlen-germany-301624125.html\" target=\"_blank\">https:\/\/www.prnewswire.com\/news-releases\/dow-and-mura-technology-plan-to-locate-europes-largest-advanced-recycling-facility-at-dows-site-in-bohlen-germany-301624125.html<\/a><\/p>\n<p>SOURCE  The Dow Chemical Company<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=DC72707&amp;Transmission_Id=202209140700PR_NEWS_USPR_____DC72707&amp;DateId=20220914\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire Facility expected to be the largest of its kind to date in Europe, and the first of its kind in Germany Part of a goal for multiple planned units across Europe and U.S. to add as much as 600 KTA of advanced recycling capacity by 2030, enabling greater supply of recycled plastic content to major brands across the globe Mura&#8217;s HydroPRS\u2122 advanced recycling process is unique, as it uses supercritical steam to convert most forms of plastics, which have previously been deemed &#8216;unrecyclable&#8217; Represents a key contribution to Dow&#8217;s climate and circularity target to enable 1 million metric tons of plastic to be collected, reused or recycled by 2030 Dow&#8217;s support of Mura Technology enables Mura to build &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/dow-and-mura-technology-plan-to-locate-europes-largest-advanced-recycling-facility-at-dows-site-in-bohlen-germany\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Dow and Mura Technology plan to locate Europe&#8217;s largest advanced recycling facility at Dow&#8217;s site in B\u00f6hlen, Germany&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-685047","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - 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