Dow Chemical 2011 Annual Report Download - page 25

The Dow Chemical Company
23 23
2011 Annual Report
• The hydrogen peroxide to propylene oxide (HPPO)
plant in Map Ta Phut, Thailand, brought on-line in 2011,
is another signature project that offers a long-term strategic
advantage – in this case, enabling Dow to fuel growth in
downstream businesses throughout Asia Pacifi c. The world-
scale facility, which is a consolidated joint venture with Siam
Cement, provides Dow with a competitive platform to develop
higher-margin products and uses the innovative HPPO technology
jointly developed by Dow and BASF. In 2010, Dow and BASF
received a Presidential Green Chemistry Challenge Award for
the innovative HPPO technology, which signifi cantly reduces
wastewater and energy consumption compared with existing
propylene oxide technology.
• Dow is
building a new metalorganic precursor
manufacturing plant in Cheonan, Korea, to expand
production capacity of trimethylgallium (TMG). TMG is a
metalorganic chemical vapor deposition (MOCVD) precursor
material that is critical to the manufacture of LEDs and other
compound semiconductor devices. The additional capacity will
help to meet global demand for growth in LED backlighting
of LCD TVs and positions Dow for potential opportunities as
LEDs move into the general lighting market. The site is expected
to manufacture other metalorganic materials in the future, in
addition to TMG.
• Dow signs an agreement with Aksa Akrilik Kimya
Sanayii A.¸S. (Aksa). The joint venture will manufacture
and commercialize carbon fi ber derivatives. Very strong and
lightweight, carbon fi ber-based materials are used in a variety
of applications in growth industries such as wind energy,
construction, transportation and infrastructure, where weight
savings, emissions reduction, durability and energy effi ciency
are key performance factors. The joint venture will expand on
Aksa’s existing carbon fi ber production assets in Yalova, Turkey.
Currently, the carbon fi ber composites industry is estimated at
$10 billion globally and is expected to reach $40 billion by 2022.
In 2011, we achieved record sales in
emerging geographies. In China, for
example, sales reached $4.5 billion, an
all-time high for Dow. In addition, we
are on pace to reach our target of
35 percent of revenues from emerging
geographies by the end of 2012. Our
investments in both developed and
emerging regions of the world are
enabling us to capitalize on growth
where it is happening most rapidly.
Emerging Geographies
Developed Geographies
2011 Sales
32%
2012 Target
35%
Reach