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Dow (DOW) & P&G Join Forces for High-Quality Recycled Polymer
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Dow Inc. (DOW - Free Report) and The Procter & Gamble Company have announced a joint development agreement (JDA) aimed at developing a new recycling technology. Their vision is to create an innovative process capable of efficiently converting hard-to-recycle plastic packaging into recycled polyethylene with high quality, coupled with a reduced greenhouse gas emissions footprint.
The collaboration will leverage the companies' proprietary technologies and expertise in the dissolution process. The focus will be on utilizing dissolution technology to recycle a wide array of plastic materials, with particular emphasis on polyethylene and targeting post-household plastic waste, including rigid, flexible and multi-layer packaging, which are traditionally difficult to recycle.
The primary objective of this technology is to produce high-quality post-consumer recycled (PCR) polymer with lower greenhouse gas emissions compared with conventional fossil-based polyethylene. P&G intends to incorporate this PCR polymer into its packaging, thereby establishing a pathway to circularity that maximizes resource efficiency and minimizes waste generation.
The global partnership between Dow and P&G has already started and is anticipated to continue until commercialization. In addition to their patented technologies, both companies bring extensive experience in materials science, manufacturing capabilities and large-scale supply chain management. These aspects will be crucial in the development of this groundbreaking recycling technology for commercial manufacturing deployment.
Dow reaffirmed its dedication to converting plastic waste into circular solutions that meet both customer needs and sustainability objectives. Likewise, P&G emphasized the pivotal role of the partnership in driving forward its mission to expand industry solutions, steering toward a circular future where materials are repurposed and recycled instead of being disposed of as waste.
Dow and P&G have set ambitious goals to accelerate circularity. Dow aims to commercialize three million metric tons of circular and renewable solutions by 2030 as part of its sustainability targets. Meanwhile, P&G strives to ensure that 100% of its consumer packaging is designed for recyclability or reusability by the same year.
Dow’s shares have gained 5.3% in the past year against the industry's 7.1% decline in the same period.
The consensus estimate for CRS’ current fiscal year earnings is pegged at $4 per share, indicating a year-over-year surge of 250.9%. CRS beat the Zacks Consensus Estimate in each of the last four quarters, with the average earnings surprise being 12.2%. The company’s shares have increased 61.3% in the past year.
Ecolab has a projected earnings growth rate of 22.65% for the current year. The Zacks Consensus Estimate for ECL’s current-year earnings has been revised upward by 5.4% in the past 60 days. ECL topped the consensus estimate in each of the last four quarters, with the average earnings surprise being 1.7%. The company’s shares have rallied 36.7% in the past year.
The consensus estimate for IOSP’s current fiscal year earnings is pegged at $6.72 per share, indicating a 10.3% year-over-year rise. IOSP beat the consensus estimate in each of the last four quarters, with the average earnings surprise being 10.5%. The company’s shares have increased 22.6% in the past year.
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Dow (DOW) & P&G Join Forces for High-Quality Recycled Polymer
Dow Inc. (DOW - Free Report) and The Procter & Gamble Company have announced a joint development agreement (JDA) aimed at developing a new recycling technology. Their vision is to create an innovative process capable of efficiently converting hard-to-recycle plastic packaging into recycled polyethylene with high quality, coupled with a reduced greenhouse gas emissions footprint.
The collaboration will leverage the companies' proprietary technologies and expertise in the dissolution process. The focus will be on utilizing dissolution technology to recycle a wide array of plastic materials, with particular emphasis on polyethylene and targeting post-household plastic waste, including rigid, flexible and multi-layer packaging, which are traditionally difficult to recycle.
The primary objective of this technology is to produce high-quality post-consumer recycled (PCR) polymer with lower greenhouse gas emissions compared with conventional fossil-based polyethylene. P&G intends to incorporate this PCR polymer into its packaging, thereby establishing a pathway to circularity that maximizes resource efficiency and minimizes waste generation.
Dow Inc. Price and Consensus
Dow Inc. price-consensus-chart | Dow Inc. Quote
The global partnership between Dow and P&G has already started and is anticipated to continue until commercialization. In addition to their patented technologies, both companies bring extensive experience in materials science, manufacturing capabilities and large-scale supply chain management. These aspects will be crucial in the development of this groundbreaking recycling technology for commercial manufacturing deployment.
Dow reaffirmed its dedication to converting plastic waste into circular solutions that meet both customer needs and sustainability objectives. Likewise, P&G emphasized the pivotal role of the partnership in driving forward its mission to expand industry solutions, steering toward a circular future where materials are repurposed and recycled instead of being disposed of as waste.
Dow and P&G have set ambitious goals to accelerate circularity. Dow aims to commercialize three million metric tons of circular and renewable solutions by 2030 as part of its sustainability targets. Meanwhile, P&G strives to ensure that 100% of its consumer packaging is designed for recyclability or reusability by the same year.
Dow’s shares have gained 5.3% in the past year against the industry's 7.1% decline in the same period.
Image Source: Zacks Investment Research
Zacks Rank & Key Picks
Dow currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the Basic Materials space are Carpenter Technology Corporation (CRS - Free Report) and Ecolab Inc. (ECL - Free Report) , each sporting a Zacks Rank #1 (Strong Buy), and Innospec Inc. (IOSP - Free Report) ,carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The consensus estimate for CRS’ current fiscal year earnings is pegged at $4 per share, indicating a year-over-year surge of 250.9%. CRS beat the Zacks Consensus Estimate in each of the last four quarters, with the average earnings surprise being 12.2%. The company’s shares have increased 61.3% in the past year.
Ecolab has a projected earnings growth rate of 22.65% for the current year. The Zacks Consensus Estimate for ECL’s current-year earnings has been revised upward by 5.4% in the past 60 days. ECL topped the consensus estimate in each of the last four quarters, with the average earnings surprise being 1.7%. The company’s shares have rallied 36.7% in the past year.
The consensus estimate for IOSP’s current fiscal year earnings is pegged at $6.72 per share, indicating a 10.3% year-over-year rise. IOSP beat the consensus estimate in each of the last four quarters, with the average earnings surprise being 10.5%. The company’s shares have increased 22.6% in the past year.