Dow Chemical

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Dow Chemical Benelux
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Quick Facts
TypePublic
sectorChemical Industries
Headquarters (Benelux Organization)Terneuzen, Netherlands
Year of Origin1955
Emissions (All Scopes)104 Megatons of CO2 (2020) (Dow Inc.)
Net IncomeUSD$ 1.3 billion (2020) (Dow Inc.)
Key PeopleAnton van Beek(President-director Benelux) Jim Fitterling(CEO & Chairman Dow Inc.)
SubsidiariesDow Inc. consists of 400 subsidiaries[1]

Dow Inc (International)

Dow inc, was founded in 1897 by H.H Dow an electrochemical pioneer.[2] Dow Chemicals manufactures plastics, chemicals, and agricultural products.[3] The company has 36,500 employees and 109 manufacturing sites in 31 different countries.[4] The headquarters are located in Michigan, United States.[5] In 2020, Dow chemical reported a net income of 1.3 billion USD.[6] Net sales were 38,542 million USD.[7]

Dow Chemical (Benelux)

Dow Chemical Benelux styled as Dow Chemical, is part of Dow Inc. Dow has been active in the Benelux since 1955.[8] In 1961 Dow purchased a manufacturing site in Terneuzen, The Netherlands.[9] Now Dow Chemical Benelux is located in eight major locations in the Netherlands (Terneuzen, Delfzijl and Dordrecht) and Belgium (Antwerp, Brussels, Tertre, Zwijndrecht and since 2016, Seneffe).[10] With 16 factories, Dow Terneuzen is Dow’s second largest manufacturing site in the world.[11] Besides this, Terneuzen is also the central point for supporting Dow services in Europe, the Middle East, Africa and India. Dow Benelux overall has approximately 4,000 employees[12] , of which 3550 employees work at the location in Terneuzen.[13] The Value Park, located at the Terneuzen site, covers 140 hectares and is targeted at companies working in the chemical industries. The park is located at a convient location as it is directed to railroads, the road network, and international waterways.[14] Futhermore, the park is located to the Dow pipeline that extents from Terneuzen to Antwerp (220km).[15] This pipeline transports ethylene, naphtha and propylene.[16] The size and importance of Dow Benelux to Dow Inc. shows that they are a key player in their field.

Company Structure

Dow Inc. works with two boards, the leadership team and the board of directors. The leadership team is focused on the day-to-day business such as creating strong and balanced growth for their stakeholders.[17] The Board of Directors focuses on the broad corporate policy and the overall performance of the company through oversight of management and stewardship of the company.[18] The board appoints the company’s officers and assigns to them responsibility for the management of the company’s operations.[19]

There is no information available on the structure of the leadership at Dow Benelux. What is known is that Anton van Beek is the president-director of Dow Benelux[20] and that Neil Carr is the president of the operations in Europe.

Leadership Team

Dow Chemical Leadership Team of 2020[21]
Name Function Remuneration x1000USD
Jim Fitterling Chief Executive Officer & Chairman 22211.3
Howard Ungerleider President and CFO 8475.7
Jack Broodo President, Feedstocks & Energy Unkown
Neil Carr President, Europe, Middle East, Africa, and India Unkown
Karen S. Carter Chief HR and Chief Inclusion Officer Unkown
Diego Donoso President Packaging & Specialty Plastics Unkown
Mauro Gregorio President, Performance Materials & Coatings Unkown
Melanie Kalmar Corporate VP Chief Information Officer & Chief Digital Officer Unkown
Torsten Kraef Senior VP, Corporate Development Unkown
Jane Palmieri President, Industrial Intermediates & Infrastructures; Asia Pacific Oversight Unkown
John Sampson Senior VP, Operations, Manufacturing and Engineering Unkown
A.N. Sreeram Senior VP, Research & Development and Chief Technology Officer 5185.6
Amy E. Wilson General Counsel and Corporate Secretary 5729.9

The remuneration is from 2020 and includes 1. Salary, 2. Stock Awards, 3. Option Awards, 4. Non-Equity Incentive Plan Compensation, 5. Change in pension value, 6. Other(Travel Expenses, Tax reimbursements, etc.)[22]

Board of Directors

Dow Chemical Board of Directors Team 2020[23]
Name Function Remuneration x1000USD
Jim Fitterling Chief Executive Officer & Chairman 22211.3
Jeff M. Fettig Lead Director Dow Inc. 418.8
Samuel R. Allen Former Chairman and CEO, Deere & Company 325
Ajay Banga Executive Chairman, Mastercard Inc. 310
Guardie Banister Jr. Former President and CEO, Aera Energy LLC 185.8
Jacqueline K. Barton John G. Kirkwood and Arthur A. Noyes Professor of Chemistry 330
James A. Bell Former Executive VP, Corporate President and CFO, The Boeing Company 342.3
Wesley G. Bush Former Chairman and CEO Northrop Grumman Corporation 310
Richard k. Davis President and CEO Make-A-Wish America 310
Jacquiline C. Hinman Former Chairman, President and CEO CH2M HILL 310
Jill S. Wyant Executive VP of Innovation and Transformation Ecolab Inc. 278.8
Daniel W. Yohannes Former U.S. Ambassador to the Organisation for Economic Co-operation and Development 310

The remuneration is of 2020 and includes; Fees earned and stock awards.[24]

Accountant

The independent Auditors of Dow Chemical are Deloitte & Touche LLP (Deloitte).[25] They have been the auditors since 1905.[26]

Operations

Dow Chemical is active in the Chemical sector with products like polystyrene, polyurethane, polyethylene, polypropylene.[27] These products are used in many different markets such as Agriculture, Healthcare, and Packaging.[28]

Dow Chemical does not have royal status.[29] Dow Chemical has not received NOW support from the Dutch government.[30]

Paris Agreement to Today

Dow inc. accepts the scientific consensus that climate change caused by increasing greenhouse gas (GHG) emissions from human activity has serious consequences for the planet and society if left unaddressed.[31] Furthermore, Dow supports the Paris agreement and is committed to achieve the goal of keeping global temperature rise well below 2°C, and to pursue efforts to limit the increase to 1.5°C.[32]

Current Policies and Emissions

Policies

In 2020 Dow Chemicals Benelux initiated a joint development agreement with Shell to develop electrified cracking technology. This technology can be powered by clean energy. Ethylene steam crackers are one of the technologies used by Dow and Shell. This technology relies on fossil fuel combustion.[33] Using renewable electricity could help decarbonize the chemical industry. Currently projects from shell and Amsterdam and Dow in Terneuzen are working to design and scale “e-cracker” technologies.[34]

Emissions

Scope 1 and 2

For the Dow inc. GHG emissions report, Scope 1 includes Kyoto Protocol greenhouse gases carbon dioxide (CO2), methane (CH4 ), nitrous oxide (N2 O), hydrofluorocarbons (HFCs), perfluorocarbons (PFCs), sulfur hexafluoride (SF6),and nitrogen trifluoride (NF3) as well as any non-Kyoto greenhouse gases emitted.[35] Scope 2 includes carbon dioxide (CO2), methane (CH4) and nitrous oxide (N2 O).[36] Reported Scope 1 and 2 GHG emissions showed little change from 2018.

GHG Emissions (million metric tons of CO2e) [37]
GHG Emissions 2018 2019 2020
Scope 1 GHG Emissions 28.4 27.2 28.2
Scope 2 GHG Emissions - Market-Based 6.66 6.07 6.56
Scope 2 GHG Emissions - Location-Based 7.6 5.2 4.9
Scope 1 + Scope 2 GHG Emissions 35.06 33.27 34.76

Scope 3

Scope 3 emissions are defined by the GHG Protocol as indirect emissions from value chain activities.[38] Estimates include all or a subset of Kyoto GHGs [carbon dioxide (CO2 ), methane (CH4 ), nitrous oxide (N2 O), hydrofluorocarbons (HFCs), perfluorocarbons (PFCs), sulfur hexafluoride (SF6 ), and nitrogen trifluoride (NF3 )] depending on the category and estimation methodology.[39]

GHG Emissions (metric tons of CO2e) [40]
GHG Emissions 2018 2019 2020
Scope 3 GHG Emissions - Total 69,162,715 93,942,558 69,256,630
Category 1: Purchased Goods & Services 42,841,461 60,053,499 38,165,559
Category 2: Capital Goods 2,589,912 2,776,452 1,759,939
Category 3: Fuel & Energy-Related Activities 863,304 8,269,846* 4,745,020
Category 4: Upstream Transportation & Distribution 2,158,260 N/A N/A

(*)Value adjusted to reflect correction of an error since reported in the 2018/2019 Sustainability Report

Climate Plans

Dow Inc.

Climate Protection

Circular Economy

Safer Materials

Dow Benelux

Scandels

Terneuzen

In 2014 the court in Middleburg gave Dow Benelux BV in Terneuzen a 1.8 million euro fine.[41] Originally 5 million euros were demanded of the company due to various environmental crimes between 2005 and 2008. The crimes were in relation to chemical leaks at the manufacturing sites in Terneuzen. The court could not conclude that there was a lack of safety protocols at Dow Benelux, but could say that the safety protocols were not enforced strictly enough. Therefore, the court demanded 1.8 million euros instead of 5 million.[42]

One of these incidents was in 2005 when a tank with benzene flooded. Another example was in 2006 when benzene was leaking from the pipelines for multiple days.[43] Even though Dow Benelux did hire companies to repair this leak they did not close down the manufacturing site, putting their employees at risk of explosion.[44]

Groningen

In 2011 at one of the daughter companies of Dow Chemicals, Farmsun in Groningen, a fault in loading Sodium off of a train wagon caused for a fire.[45] While off-loading the Sodium off the train wagon several hundred kilos of sodium fell on the ground and caught fire. After several explosions in the building next to the train, the fire department was able to put out the fire.[46] The fire caused for a lot of smoke in the surrounding neighborhoods, the fire department recommended that people keep their windows and doors closed, and to stay inside.[47]

Conclusion

Beschrijving of de plannen in lijn zijn met 'Parijs'

References

  1. ↑ https://s23.q4cdn.com/981382065/files/doc_financials/2020/ar/2020_Dow_Inc_Annual_Report.pdf P211-216
  2. ↑ https://corporate.dow.com/en-us/about/company/history/timeline/golden-age-of-inorganics.html
  3. ↑ https://nl.dow.com/en-us
  4. ↑ https://s23.q4cdn.com/981382065/files/doc_financials/2019/ar/874827_029_CL_WEB.pdf
  5. ↑ https://corporate.dow.com/en-us/locations.html
  6. ↑ https://s23.q4cdn.com/981382065/files/doc_financials/2020/ar/2020_Dow_Inc_Annual_Report.pdf P4
  7. ↑ https://s23.q4cdn.com/981382065/files/doc_financials/2020/ar/2020_Dow_Inc_Annual_Report.pdf P3
  8. ↑ https://nl.dow.com/en-us.html
  9. ↑ https://corporate.dow.com/en-us/about/company/history/timeline/going-global-first-era-commercialization.html
  10. ↑ https://nl.dow.com/en-us.html
  11. ↑ https://nl.dow.com/en-us/locations/terneuzen.html
  12. ↑ https://nl.dow.com/en-us.html
  13. ↑ https://nl.dow.com/en-us/locations/terneuzen.html
  14. ↑ https://nl.dow.com/en-us/locations/terneuzen.html
  15. ↑ https://nl.dow.com/en-us/locations/terneuzen.html
  16. ↑ https://nl.dow.com/en-us/locations/terneuzen.html
  17. ↑ https://s23.q4cdn.com/981382065/files/doc_financials/2020/ar/2020_Dow_Inc_Annual_Report.pdf p6
  18. ↑ https://s23.q4cdn.com/981382065/files/doc_financials/2020/ar/Dow_Inc_2021_Proxy_Statement.pdf p19
  19. ↑ https://s23.q4cdn.com/981382065/files/doc_financials/2020/ar/Dow_Inc_2021_Proxy_Statement.pdf p19
  20. ↑ https://www.ad.nl/zeeland/nieuw-hoofdkantoor-dow-zie-dit-als-de-bol-com-van-de-chemie~aed92043/
  21. ↑ https://s23.q4cdn.com/981382065/files/doc_financials/2020/ar/2020_Dow_Inc_Annual_Report.pdf P6
  22. ↑ https://s23.q4cdn.com/981382065/files/doc_financials/2020/ar/Dow_Inc_2021_Proxy_Statement.pdf P62
  23. ↑ https://s23.q4cdn.com/981382065/files/doc_financials/2020/ar/2020_Dow_Inc_Annual_Report.pdf P7
  24. ↑ https://s23.q4cdn.com/981382065/files/doc_financials/2020/ar/Dow_Inc_2021_Proxy_Statement.pdf P38
  25. ↑ https://s23.q4cdn.com/981382065/files/doc_financials/2020/ar/2020_Dow_Inc_Annual_Report.pdf P169
  26. ↑ https://s23.q4cdn.com/981382065/files/doc_financials/2020/ar/2020_Dow_Inc_Annual_Report.pdf P73
  27. ↑ https://nl.dow.com/en-us.html
  28. ↑ https://nl.dow.com/en-us.html
  29. ↑ https://www.koninklijkhuis.nl/onderwerpen/onderscheidingen/predicaat-koninklijk/overzicht-predicaat-koninklijk
  30. ↑ https://www.uwv.nl/overuwv/Images/uwv-register-now-vijfde-aanvraagperiode.pdf
  31. ↑ https://corporate.dow.com/documents/about/066-00338-01-2020-esg-report.pdf p35
  32. ↑ https://corporate.dow.com/documents/about/066-00338-01-2020-esg-report.pdf p35
  33. ↑ https://corporate.dow.com/en-us/esg/report/environmental-performance/climate-protection.html
  34. ↑ https://corporate.dow.com/en-us/esg/report/environmental-performance/climate-protection.html
  35. ↑ https://corporate.dow.com/documents/about/066-00338-01-2020-esg-report.pdf P65
  36. ↑ https://corporate.dow.com/documents/about/066-00338-01-2020-esg-report.pdf P65
  37. ↑ https://corporate.dow.com/documents/about/066-00338-01-2020-esg-report.pdf P180
  38. ↑ https://corporate.dow.com/documents/about/066-00338-01-2020-esg-report.pdf P66
  39. ↑ https://corporate.dow.com/documents/about/066-00338-01-2020-esg-report.pdf P66
  40. ↑ https://corporate.dow.com/documents/about/066-00338-01-2020-esg-report.pdf P180
  41. ↑ https://www.nu.nl/economie/3734244/miljoenenboete-chemiebedrijf-dow-.html?_ga=2.138385145.893487642.1643714626-1201189375.1643036636
  42. ↑ https://www.nu.nl/economie/3734244/miljoenenboete-chemiebedrijf-dow-.html?_ga=2.138385145.893487642.1643714626-1201189375.1643036636
  43. ↑ https://www.nu.nl/economie/3734244/miljoenenboete-chemiebedrijf-dow-.html?_ga=2.138385145.893487642.1643714626-1201189375.1643036636
  44. ↑ https://www.nu.nl/economie/3734244/miljoenenboete-chemiebedrijf-dow-.html?_ga=2.138385145.893487642.1643714626-1201189375.1643036636
  45. ↑ https://nos.nl/artikel/310870-brand-in-natriumfabriek-onder-controle
  46. ↑ https://nos.nl/artikel/310870-brand-in-natriumfabriek-onder-controle
  47. ↑ https://nos.nl/artikel/310870-brand-in-natriumfabriek-onder-controle
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