Dow's Williams on shingles, leadership and innovation
Plastics News readers have a lot of interest in Dow Chemical Co.'s solar shingle project -- the company is actually injection molding durable plastic shingles that double as solar panels. Carol Williams, a Dow group senior vice president and president of the chemicals and energy division, mentions the shingle project prominently today in an interview posted by James daSilva in the SmartBlog on Leadership. "Driving the invention is solar, but innovation is putting it into the shingle," including making such shingles more energy- and cost-efficient for residential installations, Williams said. She cites the shingle as an example of an innovative project that Dow is investing R&D dollars in, in hopes that the company can create a significant business by responding to major challenges facing society. Williams says Dow invested $1.6 billion in R&D last year, while coming up with 500 projects that the company believes could generate $30 billion in sales.
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