Dow joins forces with DMCR in mangrove plantation for carbon credits
RAYONG – June 29, 2023 – Dow Thailand Group organized the mangrove plantation for the 15th consecutive year as part of the Dow & Thailand Mangrove Alliance project with the Department of Marine and Coastal Resources (DMCR) and Rayong Province to plant additional 5.29 acres of mangrove forests which is the first time Dow has planted for carbon credits in Thailand. The project intends to contribute to the conservation of Thai mangrove forests to address the global warming crisis and reduce marine waste problems. In return, this will bring about the benefits from carbon credits to the community. To assure the success of this ongoing reforestation project, Dow is committed to looking after the newly planted mangrove forest for the next ten years.
Dow along with partners in the ‘Dow & Thailand Mangrove Alliance’ project stand as one when it comes to tackling climate change and global warming. All parties believe that by conserving mangrove forests, which absorb and store four times more carbon than terrestrial forests, the project can have a real impact. The project also provides community members in Noen Kho Subdistrict, Klaeng District, and Rayong Province with opportunities to get involved, i.e., planting seedlings, planting a variety of plants, and taking care of the trees. The result is to receive a carbon credit certification for ten years (as a part of the 11,8611-acre mangrove plantation project). The Department of Marine and Coastal Resources usually awards this certification to businesses in the private sector who join in reforestation projects, such as this. Thus, the project will not only increase the income of the community but effectively drive Thailand’s goal to achieve carbon neutrality by 2050 and achieve net zero emissions by or near the end of 2065.
“Dow has been planting mangrove forests in Thailand for over 15 years. We are proud to have contributed to transforming forests and old shrimp farms in Rayong into fertile mangrove forests. We believe in continuity and in establishing a network that will help and allow us to restore and maintain mangrove forests in the long run. We also strive for this project to have a positive impact on the environment, economy, and society. We would like to thank DMCR for being our like-minded partner in the ‘Dow & Thailand Mangrove Alliance’ project, and for jointly pushing for a concrete mangrove planting initiative with carbon credits. The carbon credits obtained from the project allow us to participate in Thailand’s voluntary reduction of greenhouse gas emissions, also known as Thailand Voluntary Emission Reduction Program (T-VER). We see this as a long-term initiative and investment of our time for the next ten years to come,” said Chatchai Luanpolcharoenchai, Dow Thailand President.
“The DMCR has set a goal to restore 11,8611 acres of mangrove forests for carbon credits in the next ten years. Thailand’s private sector has shown a great deal of interest in carbon credits, which are seen as another source of income as they can be sold in the carbon credit market. The initiative will also help reduce greenhouse gas emissions. Furthermore, the project provides local and neighboring communities with a source of income and occupation. From its inception to completion, it is conducted in a balanced and sustainable manner. Furthermore, our mangrove forests will help absorb carbon emissions and thus help us move towards being a low–carbon society and rapidly increase the area of mangrove forest,” added Apichai Ekwanakul, Acting Director-General of the Department of Marine and Coastal Resources.
“Rayong is one of the provinces where mangrove forests are abundant. We have more than 11,861 acres of mangrove forests, and we have prepared 790 acres of mangrove forests to benefit from carbon credits. The carbon credit process helps encourage the private sector to maintain and restore natural resources. This project also helps provide new careers for the locals. Rayong is not only an important economic city in Thailand as a production base for Thai industries, but it has its own identity and culture as a city of learning. This project helps expand green areas, which absorb carbon dioxide as well as being areas for the conservation of nature and biodiversity. It is useful not only to people in Rayong, but also to people everywhere in the world. Thank you all for your interest in taking care of aquatic animals and mangrove forests for the future and for our next generations,” concluded Triphop Wongtrairat, Governor of Rayong.
With a commitment to expanding the green area for the coast of Rayong, Dow volunteers, partners, and Rayong residents have continuously planted mangroves since 2009. The project reinforces dedication to the environment and social responsibility, which Dow has prioritized over the past 55 years of business operation in Thailand. Dow is also dedicated to continuing to protect the climate to accomplish the organization's sustainability goals and targets.
Dow (NYSE: DOW) combines global breadth; asset integration and scale; focused innovation and materials science expertise; leading business positions; and environmental, social and governance leadership to achieve profitable growth and help deliver a sustainable future. The Company's ambition is to become the most innovative, customer centric, inclusive and sustainable materials science company in the world. Dow's portfolio of plastics, industrial intermediates, coatings and silicones businesses delivers a broad range of differentiated, science-based products and solutions for its customers in high-growth market segments, such as packaging, infrastructure, mobility and consumer applications. Dow operates manufacturing sites in 31 countries and employs approximately 37,800 people. Dow delivered sales of approximately $57 billion in 2022. References to Dow or the Company mean Dow Inc. and its subsidiaries. For more information, please visit www.Dow.com or follow @DowNewsroom on Twitter.
About Dow Thailand Group
Dow started its business in Thailand in 1967, then expanded through a joint venture with SCG in 1987 (in 2022, SCG Chemicals rebranded to SCGC). At present, Dow Thailand Group consists of Dow's wholly owned subsidiaries and SCGC-DOW joint ventures. In addition, there is also a Solvay and Dow joint venture in Thailand. Dow Thailand Group is the largest manufacturing base for Dow in the Asia Pacific, with many manufacturing facilities in Rayong province. Its strategic markets in Thailand are packaging, building and infrastructure, and mobility industries. More information could be found at https://th.Dow.com/en-us or the Thai Facebook www.facebook.com/DowThailandGroup/
For further information, please contact:
Dow Thailand Group
Tel. 02-3657296 / 081-8026933
Dow Thailand Group
Tel. 038-673315 / 081-7919626
Dow Thailand Group
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