DOW, JLR & Adient Develop Closed-Loop Polyurethane Foam Seats

Dow Inc. DOW recently announced that JLR has made a significant technical advance in the closed-loop recycling of polyurethane seat foam from used vehicles, successfully reintegrating it into the production of new seats. This is the first time closed-loop seat foam content has been effectively employed in car production, owing to a collaboration between Dow's MobilityScience material technologies and Adient, a global leader in automotive seating. JLR, a luxury vehicle maker, is putting the material through its full production process to test its use at scale in pre-production vehicles early next year.Polyurethane foams are challenging to recycle and are meant for long-term use, which means they end up in landfills and can linger in the environment for centuries. By establishing a closed-loop supply chain, JLR will be able to minimize emissions, eliminate waste and ensure a consistent supply of low-carbon seat foam for its vehicles. The recycled foam will be part of a novel 'circular seat' that is expected to reduce CO2 emissions by half while retaining good performance, saving about 44kg of CO2 per seat, which is equivalent to charging nearly three thousand smartphones.The collaboration emphasizes Dow's MobilityScience project, which aims to drive sustainable transportation through superior material science. By using DOW experience and cooperating with Adient and JLR, the company is creating technology to support net-zero carbon emissions as well as circular and renewable solutions. Dow's RENUVA sustainability initiative tackles the increased need for recycled materials by transforming end-of-life waste into new raw circular materials, assisting clients in meeting their recycled content requirements. Through chemical and advanced recycling procedures, this revolutionary depolymerization closed-loop recycling solution meets the standards while maintaining the outstanding comfort and quality of JLR seats.DOW’s shares are down 16.2% in a year against the industry’s 5.7% rise.Image Source: Zacks Investment ResearchDow, on its third-quarter call, said that it will continue to operate with discipline as it capitalizes on areas of demand strength while leveraging its scale and advantaged cost positions on a global basis. Its strong financials will continue to support its growth investments focused on higher-value businesses and regions, where it has a competitive cost advantage and seeing resilient demand. DOW expects these investments to deliver more than $3 billion in underlying earnings by 2030.Dow Inc. Price and Consensus Dow Inc. price-consensus-chart | Dow Inc. QuoteDOW’s Rank & Key PicksDOW currently carries a Zacks Rank #5 (Strong Sell).Better-ranked stocks in the basic materials space include Carpenter Technology Corporation CRS, DuPont de Nemours, Inc. DD and CF Industries Inc. CF. Carpenter Technology currently carries a Zacks Rank #1 (Strong Buy). CRS beat the Zacks Consensus Estimate in each of the last four quarters, with the average earnings surprise being 14.1%. The company's shares have soared 163.4% in the past year. You can see the complete list of today's Zacks #1 Rank stocks here.The Zacks Consensus Estimate for DD’s current-year earnings is pegged at $3.88 per share, indicating a year-over-year rise of 11.5%. DD, carrying a Zacks Rank #2 (Buy), beat the consensus estimate in each of the last four quarters, with the average earnings surprise being 12.9%. The company's shares have rallied roughly 16.7% in the past year.The Zacks Consensus Estimate for CF’s current-year earnings is pegged at $6.32 per share. CF, sporting a Zacks Rank #1, beat the consensus estimate in two of the last four quarters while missing twice, with the average earnings surprise being 10.3%. CF has rallied around 23.2% in the past year. 5 Stocks Set to DoubleEach was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2024. While not all picks can be winners, previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report DuPont de Nemours, Inc. (DD): Free Stock Analysis Report Dow Inc. (DOW): Free Stock Analysis Report CF Industries Holdings, Inc. (CF): Free Stock Analysis Report Carpenter Technology Corporation (CRS): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks