Support the global energy transition from carbon-intensive industries to low-carbon
Shanghai2023/9/4 /PRNewswire/ -- Dow Inc. (NYSE: DOW), the world's leading materials science company, and Shanghai Qifan Cable Co., Ltd. (hereinafter referred to as Qifan Cable) signed a Memorandum of Understanding (MoU) on strategic cooperation at the 10th China International Cable and Wire Exhibition. In the future, the two sides will work together to develop innovative solutions for submarine cables, jointly help the development of the offshore wind power industry, and accelerate the global renewable energy transformation process.
In this collaboration, Dow will provide ENDURANCE compounds for the lifter cable to guarantee the insulation performance of the sailing cable in high voltage alternating current transmission (HAVC) and high voltage direct current transmission (HVDC) submarine cables. The Dow ENDURANCE HFDD-4201SC, which has passed strict cleaning standards, can give high voltage AC submarine cables superior performance, long service life, and enhanced reliability. Furthermore, the product has excellent performance in degassing time and scorch resistance, which can improve production efficiency and shorten delivery cycles. For high voltage DC transmission systems, the Dow ENDURANCE HFDB-4401 UDC can also ensure the long extrusion of the cable and raise the rated operating temperature of the cable to 90°C.It helps to be biggerMaximize transmission power.
The International Energy Agency's “2023 Electricity Market Report” predicts that by 2025, the share of renewable energy generation in total global power generation will rise from 29% to 35%. At the same time, as one of the main sources of electricity, offshore wind power will also usher in rapid development, helping the world transition to a lower carbon and more sustainable energy system.
Li Mingzhuang, Vice President of Commerce, Asia Pacific, Dow Packaging and Specialty Plastics Division (Bambang Candra)He said, “Facing the global energy transition and the new development needs of the offshore wind industry, Dow has launched a series of high-performance solutions to help sustainable development. The establishment of a partnership with Qifan Cable represents the full recognition of Dow's submarine cable products by industry partners. At the same time, it also helps us continue to advance production and operation. In the future, we will combine the individual needs of our customers, continuously improve product technology and rich production experience, continue to expand our cooperation framework, and support the achievement of global carbon emission reduction development goals.”
Zhou Guihua, Chairman of Shanghai Qifan Cable Co., Ltd.sirHe said, “In the field of submarine cable materials, Dow has industry-leading innovation capabilities and outstanding cutting-edge product technology. The strong partnership between Qifan Cable and Dow will further enhance its competitive advantage in the submarine cable market and promote closer cooperation between the two sides in the value chain. We are excited to partner with Dow to advance the development of the offshore wind industry.”
With expertise in materials science, Dow and Qifan Cable and other partners are working together to improve operational efficiency, accelerate the development of renewable energy, empower the low-carbon economy, and work together to combat climate change and move towards a sustainable future.
About Dow Packaging and Specialty Plastics
Dow Packaging and Specialty Plastics is a business division of Dow Inc. (NYSE: DOW). It has core advantages such as R&D capabilities, global coverage, extensive product lines and industry expertise, and provides high-performance technology for end markets such as food packaging, personal hygiene products, infrastructure, consumer goods, and transportation. Dow Packaging and Specialty Plastics is one of the world's largest producers of polyethylene resins, functional polymers and adhesives. With the support of packaging masters, Dow Packaging and Specialty Plastics is also a leading innovator and collaborator across the industrial value chain, committed to sustainable development and circular economy throughout the life cycle of plastic product applications.
About Dow
Dow Incorporated (NYSE: DOW) combines a global footprint, asset consolidation and economies of scale, focused innovation and materials science expertise, leading business positioning, and environmental, social, and corporate governance (ESG) leadership to achieve profitable growth and help build a sustainable future. The company aims to be the world's leading materials science company in innovation, customer orientation, inclusiveness and sustainability. Dow's plastics, industrial intermediates, coatings and silicones business portfolio provides customers in high-growth markets such as packaging, infrastructure, transportation, and consumer applications with a wide range of technology-based differentiated products and solutions. Dow has manufacturing sites in 31 countries and regions and employs around 37,800 people worldwide. Dow achieved sales of approximately $57 billion in 2022.” “Dow Inc.” or “Company” means Dow Inc., and its subsidiaries. For more information, visit or follow @DowNewsroom on Twitter.
About Shanghai Qifan Cable Co., Ltd.
Shanghai Qifan Cable Co., Ltd. (stock code 605222) was founded in 1994. It currently has 4 large-scale production bases in Jinshan, Anhui, Chizhou, Hubei, and Minhang, Shanghai. In 2022, it ranked among the top 10 most competitive enterprises in the Chinese cable industry, the top 100 enterprises in Shanghai, and the top 500 Chinese manufacturing enterprises. The company's products cover four categories: AC and DC onshore and submarine power cables with voltage levels of 500kV and below, wires and cables for electrical equipment, communication cables, and bare wires, with an annual production capacity of 30 billion yuan. For more information, please visit.