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DOW Gets ISCC PLUS Certification for Freeport Facility
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Dow Inc. (DOW - Free Report) recently earned International Sustainability and Carbon Certification ("ISCC") PLUS certification for its PO/PG and Polyols manufacturing facility in Freeport, TX. Dow's implementation of decoupling fossil feedstocks by employing waste-sourced feedstock has been recognized with an ISCC PLUS certification, which follows a thorough independent external audit.
The ISCC PLUS certification is a key step toward more circular and bio-circular products for North American polyurethane end markets, indicating the company's commitment to more sustainable production and product development.
The new ISCC PLUS-certified polyurethanes facility will manufacture products for the automotive, construction, consumer, food, fragrance, pharmaceutical and industrial markets. Dow continues to find new and innovative ways to incorporate sustainable content into its products, specifically feedstock from bio-based origin or post-industrial consumer waste, using the mass balance approach, with independent, external verification playing an important role.
Dow moves closer to achieving its aim of obtaining approval for all of its polyurethanes, chlor-alkali vinyl, propylene oxide and propylene glycol locations around the world.
Shares of DOW have lost 6.8% over the past year compared with a 16.1% decline of its industry.
Image Source: Zacks Investment Research
Dow, on its third-quarter call, said that it remains focused on operational and financial discipline as it navigates challenging market conditions. It expects to benefit from rising oil prices that favor its cost-advantaged asset footprint.
The company also remains committed to its disciplined and balanced capital allocation priorities. DOW expects its Decarbonize and Grow and Transform the Waste strategies to generate more than $3 billion in underlying earnings, lower greenhouse gas emissions by 5 million metric tons and commercialize 3 million metric tons of circular and renewable solutions annually by 2030.
Better-ranked stocks in the basic materials space include The Andersons Inc. (ANDE - Free Report) , Cal-Maine Foods Inc. (CALM - Free Report) and Alpha Metallurgical Resources Inc. (AMR - Free Report) .
Andersons currently carries a Zacks Rank #1 (Strong Buy). ANDE beat the Zacks Consensus Estimate in each of the last four quarters. It delivered a trailing four-quarter earnings surprise of 64.4%, on average. The company’s shares have surged 46.3% in the past year. You can see the complete list of today’s Zacks #1 Rank stocks here.
CalMaine Foods currently carries a Zacks Rank #1. CALM beat the Zacks Consensus Estimate in each of the last four quarters, with the average earnings surprise being 131.5%. The company’s shares have inched up 0.2% in the past year.
The Zacks Consensus Estimate for AMR’s current-year earnings has been revised upward by 69% in the past 60 days. It currently carries a Zacks Rank #1. AMR delivered a trailing four-quarter earnings surprise of roughly 9.6%, on average. AMR shares are up around 134.4% in a year.
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DOW Gets ISCC PLUS Certification for Freeport Facility
Dow Inc. (DOW - Free Report) recently earned International Sustainability and Carbon Certification ("ISCC") PLUS certification for its PO/PG and Polyols manufacturing facility in Freeport, TX. Dow's implementation of decoupling fossil feedstocks by employing waste-sourced feedstock has been recognized with an ISCC PLUS certification, which follows a thorough independent external audit.
The ISCC PLUS certification is a key step toward more circular and bio-circular products for North American polyurethane end markets, indicating the company's commitment to more sustainable production and product development.
The new ISCC PLUS-certified polyurethanes facility will manufacture products for the automotive, construction, consumer, food, fragrance, pharmaceutical and industrial markets. Dow continues to find new and innovative ways to incorporate sustainable content into its products, specifically feedstock from bio-based origin or post-industrial consumer waste, using the mass balance approach, with independent, external verification playing an important role.
Dow moves closer to achieving its aim of obtaining approval for all of its polyurethanes, chlor-alkali vinyl, propylene oxide and propylene glycol locations around the world.
Shares of DOW have lost 6.8% over the past year compared with a 16.1% decline of its industry.
Image Source: Zacks Investment Research
Dow, on its third-quarter call, said that it remains focused on operational and financial discipline as it navigates challenging market conditions. It expects to benefit from rising oil prices that favor its cost-advantaged asset footprint.
The company also remains committed to its disciplined and balanced capital allocation priorities. DOW expects its Decarbonize and Grow and Transform the Waste strategies to generate more than $3 billion in underlying earnings, lower greenhouse gas emissions by 5 million metric tons and commercialize 3 million metric tons of circular and renewable solutions annually by 2030.
Dow Inc. Price and Consensus
Dow Inc. price-consensus-chart | Dow Inc. Quote
Zacks Rank & Key Picks
DOW currently carries a Zacks Rank #4 (Sell).
Better-ranked stocks in the basic materials space include The Andersons Inc. (ANDE - Free Report) , Cal-Maine Foods Inc. (CALM - Free Report) and Alpha Metallurgical Resources Inc. (AMR - Free Report) .
Andersons currently carries a Zacks Rank #1 (Strong Buy). ANDE beat the Zacks Consensus Estimate in each of the last four quarters. It delivered a trailing four-quarter earnings surprise of 64.4%, on average. The company’s shares have surged 46.3% in the past year. You can see the complete list of today’s Zacks #1 Rank stocks here.
CalMaine Foods currently carries a Zacks Rank #1. CALM beat the Zacks Consensus Estimate in each of the last four quarters, with the average earnings surprise being 131.5%. The company’s shares have inched up 0.2% in the past year.
The Zacks Consensus Estimate for AMR’s current-year earnings has been revised upward by 69% in the past 60 days. It currently carries a Zacks Rank #1. AMR delivered a trailing four-quarter earnings surprise of roughly 9.6%, on average. AMR shares are up around 134.4% in a year.