History: 1990s

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1990s

1990s
1990	Dow Chemical, Huntsman Chemical and the U.S. Department of the Interior announce a program to recycle plastic, glass and aluminum in U.S. National Parks. U.S. Patent Office study shows Dow has highest number of female patentees of any corporation (received 354 U.S. patents between 1977-1988). Educational Programs: "Recycle This", "ChemTV", Chemapolooza" introduced. Dow developed the wet compression technology used to increase power input from gas turbines by 20% or more. We are now sharing this technology with other companies.
1991	Dow establishes Corporate Environmental Advisory Council.
1992	Insite constrained geometry catalyst technology introduced.
1993	Fortune magazine names Dow one of America's "Top 10 Environmental Champions."
1994	Dow Core Values revised to Dow Values. Late 1994: Dow provided the STYROFOAM* extruded polystyrene insulation used for solar electric roofing panels for Power Guard®.
1995	W.S. Stavropoulos named president and CEO. Sales reach record $20.2 billion. Dow sells Marion Merrell Dow to Hoechst AG for $5.1 billion dollars. Theme line "There's Great Chemistry Between Us" introduced.
1996	Dow enters the PET/PTA and PTA Technology and polypropylene businesses. DuPont Dow Elastomers begins operation. Dow announces 10-year environment, health and safety goals. Reconstruction begins at BSL. Theme line "What Good Thinking Can Do" introduced.
1997	May 18 - Dow celebrates its first century of exploration and achievement. Dow purchased Lilly's stake in Dow Elanco and formed Dow AgroSciences. March 1997: Dow awards $3 million in centennial grants to more than 200 non-profit organizations around the world.
1998	Dow continued to further restructure its portfolio toward performance businesses in 1998. Changes included the acquisition of Isopol in Latin America, the acquisition of the remaining shares of Mycogen Corporation, and the integration of Sentrachem Limited (Sentrachem). Dow partners with Asahi Chemical Industry Co., Ltd. to open SAL Petrochemical Company Ltd. in China. The company is owned by Styron Asia Limited, a joint venture between Dow and Asahi which markets polystyrene resins in the Asia/Pacific region. Dow exits magnesium business. September 1998: Global Ethics & Compliance established (grounded in Dow Values).
1999	Dow seeks to expand its presence in South Africa with the purchase of Hoechst South Africa's shares in the Safripol and Plastomark joint venture with Sentrachem, a wholly owned Dow subsidiary. Dow and Shenzhen OCT Petroleum Trading Group Corporation of China create a joint venture trading company, Shenzhen Sino-American OCT International Trading Company Ltd. This marks the first trading joint venture with an American company approved by the Ministry of Foreign Trade and Economic Cooperation. Dow and TransCanada Pipelines Limited agree to a deal in which Dow will acquire CanStates Holdings, Inc., and its subsidiary, ANGUS Chemical Company. The acquisition is expected to help Dow reinforce its goals of expanding within the area of Performance Chemicals. Dow and Union Carbide Corporation agree to a merger transaction where Union Carbide will become a subsidiary through a tax-free, stock-for-stock transaction valued at $11.6 billion. On a consolidated basis, Dow Chemical will then be the world's 2nd largest chemical company overall, with annual revenues of over $24 billion, operations in 168 countries globally, and about 49,000 employees worldwide, ranking number 50 on the Fortune 500. March 1999: Code of Business Conduct introduced. June 1999: Six Sigma process introduced and led by business. Dow AgroSciences was recognized for spinosad, a revolutionary compound for insect control. The Sentricon System was commercially launched in the U.S. by Dow AgroSciences in 1995. November 1999: MyAccount@Dow established - Dow's direct E-Business connection with customers offers enhanced functionality, expanded global utilization.

Around the World

1990
Hubble telescope launched into space.

1991
Dissolution of the Soviet Union.

1994
Channel Tunnel opens connecting Britain and France.