The Dow Chemical Company (NYSE:DOW) has unveiled the new RecycleReady Technology which allows the recyclability of polyethylene-based barrier packaging, as part of existing grocery store drop-off recycling programs.
RecycleReady Technology is created in alliance with Sustainable Packaging Coalition (SPC) and other industry members. This technology helps the converters to create barrier pouches that provide more recyclable packaging options to consumers. The technology, which is a major advancement, enables the recycling of packaging for products like granola and nuts, which was not possible earlier in flexible packaging.
The technology also includes Retain polymer modifiers, which is a primary enabler for the recyclability of the packages. The stand-up pouch that is made with Retain polymer modifiers is the first package of its kind with barrier film that can be recycled in a polyethylene recycling stream. The Retain compatibilizer provides a recyclable solution with increased barrier characteristics, when it is combined with other polyethylene resins.
RecycleReady produces recyclable packaging with ingredients that provide barrier protection, along with stiffness, toughness and sealability of the package. These recyclable flexible pouches integrate multiple layers, but use only polyethylene as the basic raw material.
RecycleReady in North America has been approved by the SPC’s How2Recycle program to use the Store Drop-Off label. The first-of-its-kind technology aims to divert packaging waste from landfill or incineration, enhance post-consumer recycling yields and support the creation of a circular economy for plastic packaging. RecycleReady meets the needs of converters, brand owners, retailers and consumers.
Dow saw adjusted EPS growth for the fourteenth consecutive quarter in the first quarter of 2016. Adjusted earnings of 89 cents per share and revenues of $10.7 billion for the quarter beat the corresponding Zacks Consensus Estimates.
The company anticipates sustained momentum in consumer-driven end markets. Demand in North America is expected to be strong while a recovery is projected in Europe and China, for Dow’s innovative and unique products.
Dow Chemical currently has a Zacks Rank #3 (Hold).
Some better-ranked companies in the chemical space include Albemarle Corporation (NYSE:ALB) , BASF SE (OTC:BASFY) and Akzo Nobel N.V. (OTC:AKZOY) , all of them sporting a Zacks Rank #1 (Strong Buy).
DOW CHEMICAL (DOW): Free Stock Analysis Report
BASF SE (BASFY): Free Stock Analysis Report
ALBEMARLE CORP (ALB): Free Stock Analysis Report
AKZO NOBEL NV (AKZOY): Free Stock Analysis Report
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