The Dow Chemical Company (DOW - Analyst Report) plans to introduce three “breakthroughs to world challenges” as part of its 2015 Sustainability Goals. These breakthroughs are expected to bring a significant improvement in the world’s ability to solve the challenges of affordable and adequate food supply, decent housing, energy and climate change, sustainable water supplies, and improved personal health and safety.
In order to address the global water challenge, Dow has come up with DOW FILMTEC ECO Reverse Osmosis (RO) Elements, an innovative solution that has the potential to impact millions of lives by delivering 40% better water purification at 30% lesser energy utilized through its revolutionizing water treatment.
Dow names DOW FILMTEC ECO RO technology as its second “Breakthrough to World challenges” that gives large-scale positive sustainability impact in the area of water. Dow announced Omega-9 Healthy Oils as its first Breakthrough to World challenges in Jun 2012, which had a positive sustainability impact in the area of health.
The new FILMTEC ECO RO technology, launched in 2013 with more than 15 patents, is expected to deliver trillions of metric tons of clean water, billions of kilowatt-hours (kWh) of energy savings, and reduce carbon dioxide (CO2) emissions by more than a million metric tons in its first 10 years of use alone.
Per the 2030 Water Resources Group forecast, global fresh water demand will grow exponentially by 2030, exceeding supply to a large extent. Though water covers two-third of the earth’s surface, availability of fresh water is scarce and limited. The adoption of the FILMTEC ECO RO technology will help increase sustainable water supply to the world, thereby addressing the global water scarcity in a very tangible way. It will serve the world by offering environmental, economic and societal benefits.
Dow currently holds a Zacks Rank #2 (Buy).
Other companies in the chemical industry worth considering include Methanex Corp. (MEOH - Analyst Report), Cytec Industries Inc. (CYT - Snapshot Report) and PPG Industries Inc. (PPG - Analyst Report). All three carry the same Zacks Rank as Dow.