Dow's manufacturing facility in Thailand. Photo courtesy of Dow

Dow and Innventure partner to develop waste-to-value platform

Dow and Innventure have announced a collaboration to develop and commercialise innovative waste-to-value technologies. Central to this initiative is the formation of Refinity, a new subsidiary by Innventure, which will focus on converting mixed wastes, including hard-to-recycle plastics, into petrochemical feedstocks.

This partnership leverages Dow’s technical expertise and Innventure’s technology commercialisation platform. Together, they aim to scale sustainable solutions that replace fossil fuel-based feedstocks, supporting Dow’s Transform the Waste initiative to commercialise three million metric tons of circular and renewable solutions by 2030.

Refinity will deploy advanced thermochemical processes, such as gasification, to produce light olefins from mixed plastic waste. Dow plans to support engineering development and contribute additional technologies, while collaborating on supply chain optimisation for waste feedstock aggregation.

โ€œDow is committed to transforming plastic waste into circular solutions that result in high-quality resins demanded by our customers while helping to accelerate a circular economy,โ€ said Dave Parrillo, vice president for Research & Development, Dow Packaging & Specialty Plastics and Hydrocarbons. 

Bill Haskell, CEO of Innventure, highlighted the significance of this partnership in accelerating global circularity through game-changing technologies.

“Partnering with industry-leading multinational corporations like Dow to accelerate the commercialisation of game-changing technologies is core to Innventureโ€™s business model. Through the collaboration with Dow, our new subsidiary, Refinity, intends to accelerate the development and deployment of differentiated waste conversion processes globally.”

Dow and Innventure are committed to accelerating circularity on a global scale. Dow has a sustainability target to Transform the Waste and commercialize three million metric tons of circular and renewable solutions by 2030.

This collaboration represents a major step in addressing plastic waste while advancing global sustainability goals.