In an article published on July 27, 2017 by Reuters, journalists Nivedita Bhattacharjee and Yashaswini Swamynathan reported on the growing sales of green and sustainable chemical products as experienced by chemical manufactures such as Dow Chemical Company and DuPont. According to James Oxgaard, analyst at asset management firm Bernstein, “in the traditional chemicals (business) there is not a lot of innovation happening.” He explained that “it’s the millenials who are driving this demand” for healthier products. “When we are developing products that link to (global) trends, we grow sales,” stated Neil Hawkins, chief sustainability officer at Dow. The development of eco-friendly products increases profits, but is also a strategy for the companies “to build a positive brand image” and “hire young talent.” Despite the move towards greener products, the companies are not abandoning “their mainstay chemical businesses,” Bhattacharjee and Swamynathan informed.
Nivedita Bhattacharjee and Yashaswini Swamynathan (July 27, 2017). “Chemical giants see growth in green, clean tech.” Reuters