Dow Corning on track to hit energy efficiency targets

19 January 2009 12:39  [Source: ICIS news]

LONDON (ICIS news)--Dow Corning is on track to improve its energy efficiency by 20% over the five years to 2009, the US specialty chemicals group said on Monday.

“We are at 19.5% right now and we are fully confident of achieving our target”, said Peter Cartwright, executive director for environment, health and safety.

The company plans to spend $3bn (€2.2bn) over the next five to ten years in energy efficiency improvements in addition to the $4.5bn it has invested in the last half a decade.

Dow Corning is investing in solar and wind energy as alternatives to coal and fossil fuel. Over 1,000 square metres of solar panels were installed at its Wiesbaden manufacturing site in Germany in 2007.

The company was also looking to install a wind turbine to power its facility at Seneffe, Belgium, due be completed by 2010-2011, it said.

($1 = €0.75)

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By: Elaine Burridge
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