· By 2026, it will be able to provide the Asia-Pacific region with more than 60,000 tons of polycarbonate with recycled content per year to cope with strong demand
· Construction of the company's first dedicated physical recycling production line has begun in Shanghai
· At the same time, existing production facilities in Thailand will be transformed and upgraded.
Picture: Covestro has started construction of its first physical recycling (MCR) production line in Shanghai dedicated to the blending production of polycarbonate recycled materials: (from left) Schneider Electric Wang Qiang, Vice President of Global Procurement Strategy of Global Supply Chain, Yang Guopei, Director of Interior and Interior Interiors of Gaohe Automotive at Human Horizons, Wang Li, Global President of Covestro Engineering Plastics Division, Dr. Chen Yun, General Manager of Covestro Shanghai Integrated Base, Hu Renqi, Senior Manager of SAIC Passenger Car Company Central Laboratory
passed Recycling and reusing plastic waste through physical processes such as classification, grinding, re-granulation and blending is one of the important ways to achieve a circular economy. Today, Covestro announced the start of construction of its first physical recycling (MCR) production line dedicated to the blending production of polycarbonate recycled materials at its integrated base in Shanghai, aiming to meet the market's demand for post-consumer recycling (PCR) products and other new products. The growing demand for sustainable solutions mainly covers electronic and electrical, automotive and consumer goods applications.
The production line has an investment of more than 27 million euros and is scheduled to be put into operation in 2023. It can produce more than 25,000 tons of high-quality polycarbonate and alloys containing physically recycled components per year. The company plans to increase its recycled polycarbonate supply capacity in the Asia-Pacific region to more than 60,000 tons/year by 2026.
“This MCR production line is another exciting step towards fulfilling our commitment to circular economy and achieving our 2035 climate neutrality goal.” Sucheta, Chief Commercial Officer of Covestro Govil said, "Recycling of plastic waste is crucial to the circular economy and can effectively address the major challenges faced by the whole society. We will continue to invest in expanding and improving the production capacity of recycled plastic waste, leading the industry in the production of recycled plastic waste. Materials with higher recycled content.”
Wang Li, Global President of Covestro’s Engineering Plastics Division, said at the opening ceremony: “In order to meet the rapidly growing demand from downstream customers for more sustainable and circular solutions, we We will continue to invest more in expanding our production capacity. This MCR production line is the latest example of our continuous efforts to this end, demonstrating our determination to promote the transformation and upgrading of more sustainable products in Asia Pacific, especially in China.” Blending plant to serve the Southeast Asian market
Covestro will also transform and upgrade its blending production line at its base in Mata, Thailand, so that it can produce physically recycled polycarbonate. The transformation plan will be completed by the end of 2022, thereby continuing to meet the demand for PCR polycarbonate products in various industries in the Southeast Asian market. According to current predictions, by 2030, PCR products will account for 10% of the annual output of this production line.
Nicolas, Head of Global Production Operations, Covestro Engineering Plastics Division Dr. Stoeckel said: "The investment projects in China and Thailand are not only to expand production capacity, but more importantly, to enhance the ability to produce products with higher recycled content and more stable quality. Asia is the leading producer of PCR polycarbonate, and these projects This is further proven by ”
. 's two production lines in Shanghai and Mata Province, Thailand, will significantly increase production of Covestro's PCR polycarbonate grades Makrolon and Bayblende, which contain up to 75% recycled content and reduce carbon emissions by up to 50% footprint and meet both product performance and EU eco-label requirements.
About Covestro:
Covestro is one of the world’s leading producers of high-quality polymers and their components. Relying on innovative products, processes and methods, the company helps promote sustainable development and improve the quality of life in many areas. Covestro serves customers around the world in important industries such as transportation, construction and living, and electronics and electrical.In addition, Covestro polymers are used in areas such as sports and leisure, cosmetics and medical health, as well as in the chemical industry itself. The company
is committed to being fully circular and aims to be climate neutral by 2035 (Scope 1 and 2). In fiscal year 2021, Covestro's sales reached approximately 15.9 billion euros. As of the end of 2021, Covestro has 50 production sites around the world and approximately 17,900 employees (calculated as full-time employees).
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-