Dow Corning Corp is a multinational corporation that specializes in the production of silicone products and technologies. The company was founded in 1943 as a joint venture between Dow Chemical and Corning Glass Works. Today, Dow Corning is a subsidiary of Dow Inc. and operates in over 100 countries worldwide.
As a large corporation, Dow Corning recognizes the importance of decarbonization and reducing its carbon footprint. The company has set ambitious sustainability goals to reduce its greenhouse gas emissions and increase its use of renewable energy sources. In 2015, Dow Corning joined the RE100 initiative, committing to sourcing 100% of its electricity from renewable sources by 2025.
One way that Dow Corning is achieving its renewable energy goals is through corporate power purchase agreements (PPAs). A corporate PPA is a long-term contract between a corporation and a renewable energy developer to purchase a certain amount of electricity from a specific renewable energy project. By entering into a PPA, Dow Corning is able to secure a stable and predictable source of renewable energy while also supporting the development of new renewable energy projects.
In 2018, Dow Corning signed a 12-year PPA with a wind farm in Texas, which will provide the company with 197,000 MWh of renewable energy annually. This is equivalent to the electricity needed to power over 17,000 homes for a year. The PPA will also help Dow Corning avoid over 100,000 metric tons of CO2 emissions annually, which is equivalent to taking over 21,000 cars off the road each year.
Dow Corning is also investing in corporate energy efficiency measures to reduce its overall energy consumption. The company has implemented a number of energy-saving projects at its facilities, including upgrading lighting systems, installing energy-efficient HVAC systems, and optimizing production processes. These measures have helped Dow Corning reduce its energy consumption by over 20% since 2006.
In addition to its renewable energy and energy efficiency efforts, Dow Corning is also committed to sustainable product development. The company has developed a number of silicone products that help its customers reduce their environmental impact. For example, Dow Corning's silicone-based coatings can help reduce the energy needed to cool buildings by reflecting sunlight and reducing heat absorption. The company's silicone sealants can also help improve the energy efficiency of buildings by reducing air leaks and improving insulation.
Overall, Dow Corning Corp is a leader in corporate sustainability and renewable energy. The company's commitment to decarbonization, corporate energy, corporate PPAs, and renewable energy is helping to drive the transition to a more sustainable and low-carbon economy.