07152020Wed
Last updateTue, 14 Jul 2020 9pm
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Neste and Covestro join forces - renewable raw materials for plastics production

Neste and Covestro start a strategic cooperation in Europe to promote the use of sustainable raw materials in the production of plastics. Covestro is to be supplied with material from renewable sources, which will replace an important part of the fossil raw materials previously used for the production of polycarbonates. The high-performance plastic is used, for example, in car headlamps, LED lights, electronic and medical equipment and automotive glazing.

In the short term, the collaboration aims to replace several thousand metric tons of fossil raw materials used to produce polycarbonates with raw materials produced with renewable hydrocarbons from Neste. Neste produces these hydrocarbons entirely from renewable raw materials such as used and residual oils and fats. As Neste's product is a drop-in replacement for commonly used fossil raw materials in polymer production, it is suitable for existing production infrastructures and enables customers such as Covestro to produce more sustainable products with consistently high quality using their existing processes.
Promoting the use of sustainable materials
"The polymer and chemical industry will play an important role in the circular economy and in the fight against climate change. That is why Neste is committed to supporting industry leaders like Covestro on their path to sustainability," says Peter Vanacker, President and CEO of Neste. "Our collaboration enables Covestro to play a significant role in providing more climate-friendly raw materials to leading brands to help them meet their material-related sustainability goals. Covestro extends the positive impact of Neste's renewable hydrocarbons beyond the polyolefins sector, demonstrating the value of the product and its compatibility with more complex value chains".
"With this cooperation, we are underlining our intention to make industrial production more sustainable along the value chain and to drive forward the change to a closed loop economy. An important basis for this is the more intensive use of alternative raw materials, as we are doing," emphasized Markus Steilemann. "We want to cooperate with many partners in order to manage the transition to a circular economy, the major overall social project of the coming years and decades. To this end, we are also working with upstream partners such as Neste to cover our own raw material requirements even more from renewable sources. With this conversion of our production, we are helping important industrial sectors such as the automotive and electronics industries to become more sustainable and reduce their dependence on oil.
In the future, both companies plan to extend their partnership to other types of plastics. At the same time, they are inviting other players along the value-added chains to cooperate.
www.neste.com

 

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