Jul 26 2011 |
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Dow to Invest in Water Technology in Saudi Arabia
· Dow Water & Process Solutions announces plans to build new world-class reverse osmosis membranes plant· Only manufacturer today offering a full portfolio of water treatment technologies
"Dow has a 50-year history of innovation and market leadership in the water industry. Saudi Arabia and nearby emerging markets represent a tremendous opportunity for Dow. Our plan is to complement our commercial presence with a manufacturing footprint, thereby bringing us closer to regional customers and strengthening the global competitiveness of our water business," said Jerome Peribere, Dow executive vice president and president and chief executive officer, Dow Advanced Materials.
The proposed facility would deliver local supply security of cutting-edge technologies for water desalination and water re-use for potable, non-potable and industrial water serving Saudi Arabia, the surrounding Middle East and North Africa region and emerging markets worldwide. Additionally, these water membrane technologies will deliver cost-savings through reduced energy usage and superior operational efficiencies for customers in desalination, industrial, municipal, commercial and residential sectors.
Modern water treatment technology allows industrial economies to advance while minimizing water requirements. Over the years, improvements in DOW FILMTEC RO membrane elements have provided a threefold increase in the amount of treated water per element while reducing energy costs in desalination and other water purification and re-use projects around the world. Desalination plants with Dow technology produce hundreds of million gallons of freshwater per day in many sites around the globe, contributing to Dow's overarching goal to further reduce the cost and energy-intensity of seawater desalination.
Dow is committed to investing for growth in Saudi Arabia. This announcement builds on the recent decision by The Dow Chemical Company and Saudi Aramco to form Sadara Chemical Company , a joint venture to build and operate a world-scale, fully integrated chemicals complex in Jubail Industrial City, Kingdom of Saudi Arabia.
Upon completion, the joint venture is projected to be among the world's largest petrochemical facilities and would represent the largest foreign direct investment into Saudi Arabia's petrochemical sector. In 2009, Dow entered into a comprehensive Research and Development (R&D) collaboration agreement with the King Abdullah University of Science and Technology ( KAUST ), the region's leading graduate-level research university.
"This new water facility and our collaboration with
KAUST
, coupled with our new world-class water technology center in Tarragona, Spain are clear examples of Dow's continuing investment in technologies and production capacity to meet the growing challenges for clean and affordable water supply," Ian Barbour, Dow Water & Process Solutions general manager said.
-Ends-
About Dow Water & Process Solutions
The global leader in sustainable separation and purification technology, Dow Water & Process Solutions is making a clear impact in the world. We're helping to make water safer and more accessible, food taste better, pharmaceuticals more effective and industries more efficient and spearheading the development of sustainable technologies that integrate water and energy requirements. Dow Water & Process Solutions offers a broad portfolio of ion exchange resins, reverse osmosis membranes, ultra filtration membranes and electrodeionization products, with strong positions in a number of major application areas, including industrial and municipal water, industrial processes, pharmaceuticals, power, residential water and waste and water reuse. More information about Dow Water & Process Solutions can be found at www.dowwaterandprocess.com.
About Dow
Dow (NYSE: Dow) combines the power of science and technology with the "Human Element" to passionately innovate what is essential to human progress. The Company connects chemistry and innovation with the principles of sustainability to help address many of the world's most challenging problems such as the need for clean water, renewable energy generation and conservation, and increasing agricultural productivity. Dow's diversified industry-leading portfolio of specialty chemical, advanced materials, agrosciences and plastics businesses delivers a broad range of technology-based products and solutions to customers in approximately 160 countries and in high growth sectors such as electronics, water, energy, coatings and agriculture. In 2010, Dow had annual sales of $53.7 billion and employed approximately 50,000 people worldwide. The Company's more than 5,000 products are manufactured at 188 sites in 35 countries across the globe. References to "Dow" or the "Company" mean
The Dow Chemical Company
and its consolidated subsidiaries unless otherwise expressly noted. More information about Dow can be found at www.dow.com.
For additional editorial information please contact:
In the Middle East:
Mira Meghdessian
Dow Advanced Materials
Dubai, UAE
Tel +971 4 312 3635
Email: MMeghdessian@dow.com
In all other regions:
Tim Hill
Dow Water & Process Solutions
Tel +1 952 897 4375
e-mail: timothy.hill@dow.com
© Press Release 2011
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