Dow and Pan Era Group advance their strategic partnership to increase the supply of high-quality PCR resins in Southeast Asia

With this new agreement, Dow will acquire its flexible polyethylene post-consumer recycled (PCR) resins from Pan Era Group.

JAKARTA, Indonesia,May 7, 2025/PRNewswire/ -- Dow (NYSE: DOW), a global leader in materials science, signed a second memorandum of understanding (MOU) with PT Eterna Persada Indonesia (PT Eterna), a leading Indonesian recycling company under the Pan Era Group. This agreement will strengthen the collaboration between the two companies to increase the supply of high-quality post-consumer recycled (PCR) resins and advance the plastics circular economy inIndonesia.

The new MOU builds on the successful partnership established inOctober 2022, which saw the launch of several new PCR resin grades for several applications, including collation shrink film (CSF).

Under the terms of this second agreement, Dow will develop a target volume of flexible polyethylene PCR resins from Pan Era Group over the next three years. These high-quality PCR resins are manufactured under stringent processes to meet Dow's standards. They incorporate Dow's advanced technology along with Pan Era Group's decades of experience in this field, providing comprehensive solutions to end-customers. In addition, Dow and Pan Era Group will also explore the potential of developing new PCR resins for different applications, such as wire and cable jacketing, leveraging Dow's materials science expertise and Pan Era Group's local waste collection capabilities.

MeetingIndonesia'sdrive towards a circular economy

"This MOU comes at a time whenIndonesia'srecycling industry is undergoing a pivotal transformation, driven by increasing consumer awareness on environmental protection, supportive government regulations, and corporate sustainability initiatives,"says Wilson Pandhika, managing director of Pan Era Group."TheIndonesiagovernment has been actively encouraging the development of a circular economy, which aims to optimize resource use, reduce waste, and create value from recycled materials. This collaboration between Pan Era Group and Dow not only aligns with these national goals and international targets but also demonstrates a shared commitment to fostering sustainable practices and driving a circular economy."

"We are excited to strengthen our partnership with Pan Era Group. This agreement marks a significant milestone in our partnership and is a testament to Dow's commitment to advancing circularity and meeting the growing demand for PCR inIndonesiaand acrossAsia-Pacific,"saysBambang Candra,Asia-Pacificcommercial vice president of Dow Packaging& Specialty Plastics."By working together, we can create high-quality materials and advance recycling technologies to drive growth for the recycling industry inIndonesia. The increasing environmental awareness and government regulations inIndonesiapresent a unique opportunity for us to expand our portfolio of post-consumer recycled (PCR) resins."

High resolution images available upon request.

About Dow Packaging and Specialty Plastics

Packaging and Specialty Plastics (P&SP), a business unit of Dow (NYSE: DOW), combines core strengths of R&D, worldwide reach, broad product lines and industry expertise to deliver high performing technologies for end use markets in food packaging, personal hygiene, infrastructure, consumer goods and transportation. P&SP is one of the world's largest producers of polyethylene resins, functional polymers, and adhesives, and enabled by Pack Studios, is a leading innovator and collaborator across the value chain on sustainable application development and circular economy life-cycle design for plastics. www.dowpackaging.com.

About Dow

Dow (NYSE: DOW) is one of the world's leading materials science companies, serving customers in high-growth markets such as packaging, infrastructure, mobility and consumer applications. Our global breadth, asset integration and scale, focused innovation, leading business positions and commitment to sustainability enable us to achieve profitable growth and help deliver a sustainable future. We operate manufacturing sites in 30 countries and employ approximately 36,000 people. Dow delivered sales of approximately $43 billion in 2024. References to Dow or the Company mean Dow Inc. and its subsidiaries. Learn more about us and our ambition to be the most innovative, customer-centric, inclusive and sustainable materials science company in the world by visitingwww.dow.com.

About Pan Era Group

Pan Era Group is one ofSoutheast Asia'sleading and longest-established polyolefin recycling companies, known for pioneering sustainable plastic solutions. Through a comprehensive and integrated recycling process, the company maintains high operational standards while promoting the circular economy and reducing plastic waste's environmental impact. By sourcing 100% of its input material from locally collected plastic waste inIndonesia, Pan Era Group helps to create social impact across the waste collection value chain. Its commitment to innovation and sustainability drives the delivery of high-quality recycled materials that help close the loop on plastic waste. To learn more, visitwww.paneragroup.com.

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SOURCE Dow Packaging and Specialty Plastics