Gasoline – Fuel Efficiency

Dow Chemical Plans to Phase in Fuel-Efficient Auto Fleet

July 11, 2008

MIDLAND, MIDow Chemical is developing a fleet conversion program to cut its energy costs. The plan calls for a more rigorous process of tracking fuel consumption from the company's 3,000-vehicle North American fleet and the gradual conversion of that fleet to smaller, more fuel-efficient cars, according to www.freep.com. The conversion will include downsizing SUVs to smaller vehicles and eventually using hybrids.

The fleet conversion comes as energy costs have affected the Midland-based manufacturer. Dow expects to spend at least $32 billion on energy and oil derivates for raw materials — a four-fold increase from 2002.

In the last two months, Dow has announced major price increases across the board to offset skyrocketing energy costs.

 

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