MOSCOW (MRC) -- Covestro is working towards innovative and more sustainable material solutions and recycling technologies to meet these requirements and build a Circular Economy, and will be showcasing them at the VDI PIAE 2021 international trade congress on September 8 and 9, said the company.
"Our aim is to introduce the world's first climate-neutral polycarbonate plastics this year," Jochen Hardt, Marketing Mobility Covestro, told media representatives. "This is an important step in achieving our vision of becoming fully circular. At the same time, we offer products and solutions that combine outstanding performance, cost efficiency and sustainability designed to help our customers in the mobility industry succeed in achieving their sustainability goals."
The polycarbonates are climate neutral "from the cradle to the factory gate1" thanks to the introduction of raw materials sourced from mass-balanced biowaste and residues2, as well as renewable energy accumulated during the production process. Covestro is already offering ISCC Plus-certified polycarbonates, which are attributed to renewable raw materials using the mass balance approach and enable a considerable reduction in the carbon footprint.
By incorporating renewable energy, Covestro will probably fully reduce CO? emissions from the cradle to the factory gate for these selected products. The products have the same high quality and performance as fossil-based polycarbonates and are a drop-in replacement without having to change existing processes or workflows.
Covestro has also collaborated with partners to develop polyurethane raw materials in which up to 20 percent of the petroleum-based raw materials previously used are replaced by the climate gas. Applications of such polyols, called cardyon®, are also currently being developed in the automotive sector. Partially bio-based precursors for automotive clear coatings from the Desmodur® N range also contribute to circularity as alternative raw materials.
Plastics recyclates are an important building block in significantly reducing a car's carbon footprint from raw material and component production through the use phase to recycling. In addition, Covestro is increasingly driving forward the development of chemical recycling technologies. A decisive factor in the success of such developments is that the products satisfy the high quality requirements and specifications of the automotive industry. Covestro supports the mechanical and chemical recycling of plastics through its role as a member in associations such as the Circularise Plastics project group. This group's goal is to establish a new standard for the traceability of plastics back to the raw material.
With 2020 sales of EUR 10.7 billion, Covestro is among the world’s leading polymer companies. Business activities are focused on the manufacture of high-tech polymer materials and the development of innovative, sustainable solutions for products used in many areas of daily life. In doing so, Covestro is fully committed to the circular economy. The main industries served are the automotive and transportation industries, construction, furniture and wood processing, as well as electrical, electronics, and household appliances industries. Other sectors include sports and leisure, cosmetics, health and the chemical industry itself. At the end of 2020, Covestro has 33 production sites worldwide and employs approximately 16,500 people.
As MRC informed previously, earlier this month, DSM completed the sale of the resins & functional materials businesses to Covestro for EUR1.6 billion (USD1.9 billion), including EUR1.4 billion in cash.
We remind that Covestro closed the sale of its European polycarbonates (PC) sheets business to the Munich-based Serafin Group effective January 2, 2020. This includes key management and sales functions throughout Europe as well as production sites in Belgium and Italy.
According to MRC's ScanPlast report, Russia's estimated consumption of PC granules (excluding imports and exports to/from Belarus) totalled 34,000 tonnes in the first four months of 2021, up by 11% year on year (30,500 tonnes a year earlier).
Covestro (formerly Bayer MaterialScience) is an independent subgroup within Bayer. It was created as part of the restructuring of Bayer AG from the former business group Bayer Polymers, with certain of its activities being spun off to Lanxess AG. Covestro manufactures and develops materials such as coatings, adhesives and sealants, polycarbonates (CDs, DVDs), polyurethanes (automotive seating, insulation for refrigerating appliances) etc. With 2020 sales of EUR 10.7 billion, Covestro has 33 production sites worldwide and employs approximately 16,500 people (calculated as full-time equivalents).