• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 22 mins GREEN NEW DEAL = BLIZZARD OF LIES
  • 4 hours How Far Have We Really Gotten With Alternative Energy
  • 8 days They pay YOU to TAKE Natural Gas
  • 5 days What fool thought this was a good idea...
  • 8 days Why does this keep coming up? (The Renewable Energy Land Rush Could Threaten Food Security)
  • 3 days A question...
  • 14 days The United States produced more crude oil than any nation, at any time.
Editorial Dept

Editorial Dept

More Info

One to Watch: Dow Chemical Cuts Energy Costs by $9 Billion

Dow Chemical Co. (DOW) has cut its energy costs by an impressive $9 billion through green investments, which translates into $7 billion in net profit.

It’s been a long road--15 years of energy efficiency planning, to be exact—but it’s now paying off, and the company has the capacity to measure its savings and the figures to prove it.

More than anything, this shows how green investments can reduce costs and improve the bottom line exponentially, if you have enough patience.

Dow Chemical has spent around $2 billion since 1994, but this $2 billion turned into $9 billion in savings for a $7 billion profit. And the company is only getting started.

So far, Dow Chemical’s patience has resulted in new, energy efficient ways to produce chemicals and reduce waste water.

It takes an amazing amount of energy to produce Dow’s chemicals, and reducing energy costs has been a rather urgent goal for the company. Even more so now that the past quarter has seen its stock down 7%.

Despite its poor showing last quarter, though, we are optimistic for Dow Chemical.

We’re also talking about the world’s second-largest producer of ethylene—out paced only by Saudi Basic Industries. And in terms of diversification, Dow Chemical is hard to beat: It’s in to everything from automotive oil and gas to electronics and medical supplies, electronics and feedstock. When one sector slumps, another is bound to revive, and the company focuses on them all equally. …




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News