Dow Inc. ( DOW Quick Quote DOW - Free Report) has inked a deal with Avangard Innovative LP, a waste-optimization specialist based in Houston. Per the exclusive agreement, Avangard Innovative will supply post-consumer resin (“PCR”) plastic film pellets to Dow.
Notably, PCR plastic film pellets will be a significant addition to Dow’s plastic circularity portfolio, which is consistent with its objective of advancing the plastics circular economy and reducing waste in the environment.
Later this year, Dow's first-ever PCR-based innovations will be offered to customers in North America, who demand stronger sustainability profiles in targeted applications such as shrink wrap, liners and protective packaging, among others.
Initially, Dow will use Avangard Innovative’s PCR to manufacture linear low-density polyethylene (LLDPE) and low-density polyethylene (LDPE) products.
Per Dow, the partnership blends waste collection and sortation technology from Avangard Innovative with Dow's materials science expertise, application expertise and operational scale to offer consistent processing, and reliable supply of PCR-based LLDPE and LDPE to its customers across North America.
Notably, Dow and Avangard Innovative are working to ensure that the value of plastics is not lost after only one material use.
Further, the partnership with Avangard Innovative is expected to put forth new solutions that will preserve the value of used plastics. Notably, this will help Dow and its customers fulfill their sustainability goals, thereby advancing toward a circular economy for plastics.
Dow’s shares have gained 9.3% over the past three months compared with 4.8% growth recorded by the
In its third-quarter earnings call, the company said that it will remain focused on investing in higher-return growth projects, achieving stranded cost removal targets and leveraging its feedstock flexibility in the prevailing market environment. It will also remain committed to driving free cash flow.
Dow Inc. Price and Consensus
Zacks Rank & Stocks to Consider
Dow currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the basic materials space are Daqo New Energy Corp. (
DQ Quick Quote DQ - Free Report) , Pan American Silver Corp. ( PAAS Quick Quote PAAS - Free Report) and Sibanye Gold Limited .
Daqo New Energy has a projected earnings growth rate of 315.4% for 2020. The company’s shares have rallied 96.3% in a year. It sports a Zacks Rank #1 (Strong Buy) at present. You can see
. the complete list of today’s Zacks #1 Rank stocks here
Pan American Silver has an estimated earnings growth rate of 46.7% for 2020. It currently flaunts a Zacks Rank #1. The company’s shares have gained 56.9% in a year.
Sibanye Gold has a Zacks Rank #2 (Buy) and a projected earnings growth rate of 587.5% for 2020. The company’s shares have soared 245.8% in a year.
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