The Dow Chemical Company has been awarded the prestigious US Water Prize by the US Water Alliance for its work in promoting and enabling more sustainable use and management by companies across the water value chain.

The prize is awarded annually, and this year, Dow is being recognized for its leadership in developing new water management strategies, offering innovative products and technologies, and entering into effective collaboration models that make these solutions more attainable.

Research estimates that if current water use trends continue, global demand for water will exceed viable resources by 40 per cent by 2030 . With global water demand for manufacturing expected to increase by 400 per cent by 2050 , Dow contends that organizations seeking to remain in business must use this scarce resource more efficiently.

Andrew N Liveris, Dow’s chairman and chief executive officer, said:, “Clean water is a crucial resource for all humanity and a driver of prosperity, and Dow is proud to leverage our technology and our talent to help us all make the most of it. This award is just one example of how, when you make sustainability part of your business strategy – as Dow is doing with our 2025 Sustainability Goals – the value of nature can indeed drive business success.”

Snehal Desai, global business director at Dow Water & Process Solutions (DW&PS), said: “There is no replacement for water as a resource and Dow technologies have the ability to change our approach to water – turning it from a scarce resource into a well-managed one.  This recognition by the US Water Alliance is a celebration and recognition of our customers and partners who have been collaborating with Dow, tapping our science and innovation, and enabling responsible stewardship of our water resource.”

The US Water Prize was created by the US Water Alliance to put the spotlight on organizations with strategies that promote the value of water and the power of innovating and integrating for water sustainability.

“Winning the US Water Prize is confirmation that we can deliver on our sustainability goals in a way that creates value for our customers. You don’t have to choose between doing the right thing for your business and doing the right thing for the environment. You can do both,” said Desai. – TradeArabia News Service