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Tag: Covestro

Covestro Pioneers Groundbreaking Polyol Tank Farm Project in Kandla, Gujarat

Covestro (India) proudly announces the inauguration of its Polyol Tank Farm Project in Kandla, Gujarat’s Kutch district. This cutting-edge facility underscores the company’s commitment to meeting rising customer demands through enhanced supply chain resilience and operational efficiency.

Designed to meet stringent requirements, this state-of-the-art facility will be storing polyols, a crucial ingredient for its Performance Material Business. This strategic initiative reduces dependency on imports and longer lead times, emphasizing Covestro India’s customer-centric approach.

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The Polyol Tank Farm represents a significant leap forward in Covestro India’s supply chain infrastructure. The leased nature of the project offers a strategic balance between operational flexibility and long-term planning. Utilizing ISO tanks & Flexi tanks for bulk deliveries and streamlining the filling and distribution processes of drums and Intermediate Bulk Containers (IBCs), that optimizes distribution, minimizing transportation time, translating to faster delivery times and needs for customers, elevating the overall customer experience and satisfaction.

The facility’s strategic location and substantial storage capacity ensures a consistent and reliable polyol supply, empowering Covestro (India) to meet market demands effectively. This project signifies the company’s commitment to continuous improvement and positions it for future growth by providing a robust foundation for its Performance Materials Business.

Looking at global supply chain struggle, going forward this investment will also support Covestro (India) to cater adjoining subcon countries like Nepal, Bangladesh, and Sri Lanka and creating a better business environment and a win-win for both Covestro (India) and Subcon customers.

The Polyol Tank Farm Project in Kandla, Gujarat, is more than a mere infrastructure development. It embodies a strategic initiative aimed at enhancing supply chain capabilities and supporting Covestro India’s Performance Materials Business. By investing in operational efficiency and customer-centric strategies, Covestro (India) is poised to deliver exceptional value to customers, driving mutual growth and success across the industry.

From old tires to new car parts: Covestro, Neste and Borealis aim at closing loop for automotive industry

Neste, Borealis and Covestro have signed a project agreement to enable the recycling of discarded tires into high-quality plastics for automotive applications. The collaboration aims at driving circularity in plastics value chains and the automotive industry. When no longer fit for use, tires are liquefied by means of chemical recycling and then processed into base chemicals and further into polycarbonates of high purity. These can then be used in various automotive applications, from parts of headlamps to radiator grilles.

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“Circularity requires cooperation, and this cooperation with our partners Neste and Borealis is testament to the possibilities at our disposal,” says Guido Naberfeld, Senior Vice President, Head of Sales and Market Development Mobility at Covestro. “We are creating options to turn old tires into new car parts again. With that, we are supporting our automotive customers and addressing an increasingly prominent question discussed across the value chain: How to match high-performance materials with recycled content? Projects like this can be the answer.”

As part of the collaboration, Neste turns liquefied discarded tires into a high-quality raw material for polymers and chemicals manufacturing and supplies it to Borealis. Borealis will then process the Neste-produced raw material into base chemicals phenol and acetone, which are supplied to Covestro. Covestro can use these materials to make polycarbonates. The share of recycled content is attributed via the mass balancing approach all the way to the final products using ISCC Plus certification.

The first products based on the collaboration are already available as each party has manufactured the first batch of their respective contribution to the project. Aside from polycarbonates, the project partners may also consider polyurethanes as a possible end product, which could also find its way into parts of the interior of a car. The companies emphasize that the potential to scale-up these types of developments should be considered when setting ambitious targets for future EU regulations, such as the End of Life Vehicles Regulation.

Neste, Borealis and Covestro have signed a project agreement to enable the recycling of discarded tires into high-quality plastics for automotive applications. The collaboration aims at driving circularity in plastics value chains and the automotive industry. When no longer fit for use, tires are liquefied by means of chemical recycling and then processed into base chemicals and further into polycarbonates of high purity. These can then be used in various automotive applications, from parts of headlamps to radiator grilles.

“Circularity requires cooperation, and this cooperation with our partners Neste and Borealis is testament to the possibilities at our disposal,” says Guido Naberfeld, Senior Vice President, Head of Sales and Market Development Mobility at Covestro. “We are creating options to turn old tires into new car parts again. With that, we are supporting our automotive customers and addressing an increasingly prominent question discussed across the value chain: How to match high-performance materials with recycled content? Projects like this can be the answer.”

As part of the collaboration, Neste turns liquefied discarded tires into a high-quality raw material for polymers and chemicals manufacturing and supplies it to Borealis. Borealis will then process the Neste-produced raw material into base chemicals phenol and acetone, which are supplied to Covestro. Covestro can use these materials to make polycarbonates. The share of recycled content is attributed via the mass balancing approach all the way to the final products using ISCC Plus certification.

The first products based on the collaboration are already available as each party has manufactured the first batch of their respective contribution to the project. Aside from polycarbonates, the project partners may also consider polyurethanes as a possible end product, which could also find its way into parts of the interior of a car. The companies emphasize that the potential to scale-up these types of developments should be considered when setting ambitious targets for future EU regulations, such as the End of Life Vehicles Regulation.

“We are demonstrating the importance of value chain cooperation to give new value to waste,” says Thomas Van De Velde, Senior Vice President Base Chemicals at Borealis. “We are proud that Borealis, in collaboration with Neste, is able to play a role in this project, providing more sustainable solutions for polymer applications for Covestro and its customers.”

“This project can serve as a blueprint when it comes to establishing circularity in the field of plastics in cars,” says Jeroen Verhoeven, Vice President Value Chain Development for polymers and chemicals at Neste. “It shows how low-quality waste materials can be turned into very high-quality plastics. This is good news for the polymers and automotive industries as well as for the environment.”

Covestro collaborates with automotive partners on car-to-car plastic recycling

With increasing global environmental awareness and stricter regulatory requirements, the automotive industry is realizing the necessity of plastic recycling for sustainable development. In response, materials manufacturer Covestro, along with partners from the automotive value chain, is spearheading the concept of car-to-car closed-loop plastics recycling, which is emerging as a promising solution to tackle the challenges of plastic waste management in the sector.

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Under a joint pilot program initiated by German federal enterprise GIZ (Deutsche Gesellschaft für Internationale Zusammenarbeit), Covestro and partners will collaborate to establish closed-loop pathways for high-value plastics from end-of-life vehicles (ELVs). The goal is to create an efficient and sustainable automotive plastic recycling system, advancing the more sustainable “transformation of the industry”. The pilot program was announced at Covestro’s booth during the CHINAPLAS 2024 international trade fair in Shanghai. Notable partners include leading automotive brand owners such as NIO of China and Volkswagen, Chinese recycling company GEM, and third-party certification bodies like TÜV Rheinland.

“We are proud to partner with like-minded value chain allies to pioneer closed-loop plastic recycling in the automotive sector,” said Lily Wang, Global Head of the Engineering Plastics Business Entity at Covestro. “By leveraging our collective strengths and resources, we are confident in our ability to build a closed-loop for automotive plastics recycling, thereby reducing waste and carbon emissions at the source while improving resource use efficiency. Through this joint program, we aim to expedite the automotive industry’s transition toward a more climate-neutral and sustainable future.”

“The automotive industry stands as one of the most resource-intensive sectors globally, yet the potential of high-value plastics from ELVs remain largely untapped,” said Martin Hofmann, Cluster Head in charge of Climate, Energy, Environment and Biodiversity at GIZ. “GIZ is steering an innovative endeavor to explore closed-loop pathways for high-value plastics from ELVs. I firmly believe that GIZ and our partners can forge a path towards the transition to a sustainable, circular economy.”

As part of the pilot program, a team of professionals will explore methods to recycle and process waste polycarbonate components, such as end-of-life car headlights, into post-consumer recycled (PCR) polycarbonates. The recycled materials will then be reused for various interior and exterior vehicle applications, saving resources and reducing carbon emissions.

This could offer urgently needed long-term solutions for the automotive manufacturing industry, which seeks high-quality PCR materials that are compliant and high-performance amid increasingly stringent regulations. For example, in 2023, the European Commission proposed a new regulation to enhance the circularity of the automotive sector, mandating that 25 percent of the plastics used in a new vehicle must come from recycling, of which 25 percent must be recycled from end-of-life vehicles.

Covestro will also be showcasing more solutions for the automotive industry at its booth at the CHINAPLAS 2024, such as an intelligent front grill and mono-material polycarbonate headlamp that are designed for a connected and circular future.

For a closer look at Covestro’s solutions at the CHINAPLAS 2024, visit the company at booth 7.2-C38, at the National Exhibition and Convention Center (Shanghai) from April 23 to 26, 2024.

Covestro, SK geo centric and Neste cooperate to create value chain for renewable attributed MDI in APAC

Covestro, SK geo centric and Neste cooperate to create value chain for renewable attributed MDI in APAC

Covestro, South Korean petrochemical company SK geo centric and Neste are cooperating to enable the production of a major polyurethane raw material based on renewable raw materials via mass balance. The cooperation will see Neste provide SK geo centric with renewable Neste RETM, an ISCC certified feedstock for polymers and chemicals made from 100 percent renewable raw materials such as waste and residue oil and fats.

SK geo centric will process this feedstock into benzene at the company’s facilities in South Korea and supply it to Covestro to use as raw material for methylene diphenyl diisocyanate (MDI) at its site in Shanghai, China. MDI is a key raw material for the manufacture of rigid polyurethane foam, which is a well-proven insulating material for buildings and used in the cold chain helping to save CO2 emissions and reduce energy consumption during its product life.

The cooperation marks the start of possible future collaborations between the three companies, aiming at replacing fossil feedstocks by more sustainable ones in the production of polymers and chemicals in the APAC region and beyond.

“With renewable solutions available, we are now entering the phase of scaling up their usage in the chemical industry,” says Mercedes Alonso, Executive Vice President Renewable Polymers and Chemicals at Neste. “This will be crucial in replacing the vast amounts of fossil resources the industry is currently depending on. To make this ramp-up a success, we’ll need to establish collaborations along the value chain – and this one between three sustainability-minded partners is a prime example of how the industry can do just that.”

Replacing the common crude oil-based fossil feedstock with Neste RE provides a significant reduction in greenhouse gas (GHG) emissions, thereby improving the carbon footprint of the polyurethane raw materials produced by Covestro and of downstream industries. Neste RE is produced with renewable raw materials such as waste and residue oils and fats.

“I am much pleased that through this collaboration we continue to ramp up the market for sustainable alternative materials. This enables us to supply our customers in Asia-Pacific with more sustainable MDI based on mass-balanced raw materials,” says Sucheta Govil, Chief Commercial Officer of Covestro. “Using such materials is attractive because it will also help them achieve their climate goals. Another core benefit of this line of products is that it is a technical drop-in solution that our customers can use immediately without a major changeover in their plants.”

“We are delighted to ship and export our first renewable Benzene produced with 100 percent renewable Neste RE feedstock,” says Woohyuk-Choi, Vice President of SK geo centric’s Aromatic Business Unit. “SK geo centric will actively work with Covestro and Neste as we mark the first collaboration of this kind in the Asia-Pacific region. We remain committed to expanding this cooperation.”

Under the strategy of “Green for Better Life”, SK geo centric announced its ambitious target to become “Net-Zero” before 2050. To fulfill its responsibility, the company will drive its business transformation by expanding its high-quality renewable products portfolio. SK geo centric will respond to increasing global demands in the market by leveraging the strong synergies between collaboration partners.

TPU films from Covestro certified according to OEKO-TEX(R)

TPU films from Covestro certified according to OEKO-TEX(R)

Several thermoplastic polyurethane (TPU) films from the Dureflex® product line of Covestro  have now been certified to Standard 100 by OEKO-TEX®. The films are breathable, waterproof, tear-resistant and, above all, skin-friendly. This makes them the material of choice in sports articles and outdoor clothing, as well as in furniture and seating for cars.

In 2019, several TPU film grades under the Platilon® brand, manufactured in Europe, received OEKO-TEX® Standard 100 certification. This offering is now being extended to several products under the Dureflex® brand, manufactured in South Deerfield, Massachusetts, USA.

The films received certification for product class I. This applies to articles with direct skin contact for infants and young children up to three years of age. It is therefore associated with the highest requirements for the skin compatibility of the products.

Standard 100 by OEKO-TEX® is a globally uniform, independent testing and certification system for textile raw, intermediate and end products at all stages of processing. The test criteria and limit values often go far beyond national and international specifications. Therefore, the certification stands for highly effective product safety.

Covestro extends contract with CEO Dr. Markus Steilemann ahead of schedule until 2028

Covestro extends contract with CEO Dr. Markus Steilemann ahead of schedule until 2028

Dr. Markus Steilemann will remain Chief Executive Officer of Covestro for a further five years. The Supervisory Board has extended his contract, which runs until May 2023, until May 31, 2028. Steilemann has been a member of the Covestro Board of Management since September 2015 and its Chief Executive Officer since June 2018.

“Markus Steilemann has provided Covestro with outstanding leadership as Chief Executive Officer during his tenure to date, setting important strategic direction and driving the Group’s sustainable growth. We look forward to continuing our successful cooperation,” said Dr. Richard Pott, Chairman of the Supervisory Board of Covestro AG. “By extending his mandate ahead of schedule, we are emphasizing our confidence in Mr. Steilemann to successfully continue the transformation Covestro has begun to become fully circular.”

Following his contract extension, Dr. Markus Steilemann responds: “I would like to thank the Supervisory Board for the trust it has placed in me. We have restructured Covestro and, together with my colleagues, I look forward to leading the company to a successful and sustainable future.”

In his role as Chief Executive Officer, Steilemann is responsible for the central functions of the company: Strategy, Sustainability & Public Affairs, Group Innovation, Corporate Audit, Human Resources and Communications.

Other members of Covestro’s Board of Management are Sucheta Govil as Chief Commercial Officer, Dr. Klaus Schäfer as Chief Technology Officer and Dr. Thomas Toepfer as Chief Financial Officer.

Fresh impulses for wind energy

Fresh impulses for wind energy

On the road to alternative energy generation: Covestro is developing innovative PUR resins for use in wind turbine rotor blades at its new Wind Technology Center. A win-win-win situation for Covestro, customers and the environment.

“The development of these resins is very important to us. After all, it contributes to the expansion of alternative energies and strengthens our strategic orientation to sustainably reduce the CO2 footprint and take even more steps towards climate neutrality,” explains Klaus Franken, Head of Application Development Wind and Pultrusion at Covestro. “To be competitive, the wind industry faces the constant challenge of reducing the Levelized Cost of Electricity. We can help here by enabling our customers to produce rotor blades faster and thus more cost-effectively. At the same time, higher energy yield through optimized blade properties and longer service life also play a role.”

Close cooperation with customers

One goal of the Wind Technology Center is to develop robust materials that combine the properties important for rotor blades, such as strength, stiffness and temperature resistance. Existing products are continuously optimized and completely new formulations are developed and tested. Another goal: application technology development in close cooperation with customers. Klaus Franken explains: “Here we can simulate our customers’ manufacturing processes and show how our PUR resins help them to realize both their rotor blade designs and the manufacturing process in the best possible way.”

Covestro attaches great importance to optimally tailoring its products to the needs of its customers. That is why a number of cooperative ventures with European and Asian wind turbine manufacturers are already in place. The focus here is on constructing and testing prototypes.

The high-tech center is located in Leverkusen and was completed and put into operation at the beginning of this year. It comprises two interconnected units: a laboratory area for chemical development and an Upscaling Plant. The latter is home to processing technology and application development.

Development and application go hand in hand

The center offers clear advantages: “Chemical development and application technology can work hand in hand here. On top of that, the physical proximity makes it easier to exchange information directly and quickly. We use identical resources and the same infrastructure and quickly obtain a comprehensive depiction of the process. This helps us to pursue our goals in a results-oriented manner and without losing knowledge, and enables us to offer new, innovative solutions to our customers,” explains Technical Center Manager Frank Grimberg. “Process and plant safety, explosion protection, machine safety and, of course, occupational safety are always in the spotlight here,” explains Tobias Wollersheim, who as Project Management was responsible for planning and implementing the investment.

Another positive aspect: with the innovative technology center, Covestro is increasing its attractiveness as an employer. Indeed, wind technology offers a wide range of new, interesting fields of work that arouse curiosity and offer diversity. Covestro has taken on a newly qualified chemical technician from its own training program to operate the machines. He is being intensively trained in the processes and machine technology.

This much is clear: Things are moving in the area of wind energy.

Quotes:

 

  • “The development of these resins is very important to us. After all, it contributes to the expansion of alternative energies and strengthens our strategic orientation to sustainably reduce the CO2 footprint and take even more steps towards climate neutrality. To be competitive, the wind industry faces the constant challenge of reducing the Levelized Cost of Electricity. We can help here by enabling our customers to produce rotor blades faster and thus more cost-effectively. At the same time, higher energy yield through optimized blade properties and longer service life also play a role.”
    Klaus Franken, Head of Application Development Wind and Pultrusion at Covestro

  • “Here we can simulate our customers’ manufacturing processes and show how our PUR resins help them to realize both their rotor blade designs and the manufacturing process in the best possible way.”
    Klaus Franken, Head of Application Development Wind and Pultrusion at Covestro

  • “Chemical development and application technology can work hand in hand here. On top of that, the physical proximity makes it easier to exchange information directly and quickly. We use identical resources and the same infrastructure and quickly obtain a comprehensive depiction of the process. This helps us to pursue our goals in a results-oriented manner and without losing knowledge, and enables us to offer new, innovative solutions to our customers.”
    Frank Grimberg, Head of Competence Center Urethanes at Covestro

  • “Process and plant safety, explosion protection, machine safety and, of course, occupational safety are always the focus here.”
    Tobias Wollersheim, Senior Project Engineer at Covestro