MRC)-- Materials maker Cepsa Quimica SA has begun production of a sustainable grade of phenol, a feedstock used to make engineering resins, said Sustainableplastics.
Madrid-based CQ is marketing the new phenol under the NextPhenol brand name. The material can be used to make nylon, polycarbonate, methyl methacrylate and coatings. The firm also recently launched Next LAB, a sustainable linear alkylbenzene, which can be used in cleaning products. In a news release, CQ officials said that the new line is part of the firm's ambitions to make its own business activities fossil-free in the long term and also helps CQ customers to make their products and production processes more sustainable.
CQ is a leading global supplier of phenol and LAB. The firm "has formulated clear objectives to make the company sustainable and fossil-free in the long term," feedstocks and ESG head Jose Maria Cuadro said in the release. "To achieve this, we not only look at our own production processes, energy consumption and the supply chain, but also at the origin of the raw materials, replacing traditional fossil sources for renewable feedstocks and wastes," he added.
The new range of products contains at least 68 percent sustainable or alternative carbon sources. "The only difference is that we no longer get them from fossil sources, but from waste and biomass," Cuadro said. He added that product specifications, performance and applications of the new products are basically the same. "We do have to adapt our production processes because renewable and recycled raw materials need additional treatment," Cuadro said.
From a production point of view, he added, customers won't notice any difference between the traditional and new products. "The biggest benefit is that the customer will be able to increase the sustainability of their products and production processes because of our sustainable raw materials, thus reducing their ecological footprint," Cuadro said. "Buyers and consumers are increasingly demanding this."
The new NextLAB and NextPhenol product lines are currently being produced at CQ plants in the Spanish provinces of Cadiz and Huelva as well as Shanghai. These plants have been certified according to the ISCC Plus standard, which focuses on the sustainability and traceability of recycled materials, waste products and biomass for the production of recyclable plastics and chemical raw materials, officials said.
CQ employs more than 1,000 and has plants in seven countries. The firm's other chemical products include plastic feedstock cumene.
As it was written earlier, Cepsa is exploring a sale of its chemicals business under a strategic review as it seeks to raise funds to accelerate its transition to clean energy. Cepsa is working with Citi to identify possible buyers for the division which is valued at up to 3 billion euros (USD3.5 billion), the sources said, cautioning that discussions were at a preliminary stage and no deal was certain.
Cepsa is a Spanish petrochemical company. Full name Compania Espanola de Petroleos S.A. The company is headquartered in Madrid. Refining is one of the main activities of CEPSA. The production of asphalt and other road surfaces is another of the company's core activities; nine CEPSA factories are engaged in the production of these products.
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