Covestro and Nongfu Spring signed a cooperation agreement on the recycling and value-added reuse of polycarbonate buckets

· Tripartite cooperation with Chinese polycarbonate recycling company Auxer

· Improve recycling process traceability and recycling quality through cooperation

· Build a polycarbonate recycling value chain to achieve a win-win situation for all parties

On January 10, material manufacturer Covestro signed a tripartite cooperation agreement with Nongfu Spring and polycarbonate recycling company Auxerre for the value-added and reuse of 19-liter polycarbonate buckets

“As the inventor of polycarbonate, Covestro has been focusing on the development of various post-consumer recycled polycarbonate solutions

Covestro's predecessor company Bayer invented polycarbonate in 1953

According to this agreement, Nongfu Spring is responsible for collecting and recycling 19-liter polycarbonate buckets that are no longer in use, with an annual recycling volume of about 1 million

Zhou Li, Secretary of the Board of Directors of Nongfu Spring, said: "This cooperation allows the polycarbonate buckets used in the packaging drinking water industry to be recycled, regenerated, and modified and then applied to the electronic appliances, home appliances, and automobile industries, which can promote the recycling of polycarbonate materials.

Zhao Kai, Vice President and Secretary General of China Circular Economy Association, said: "Material recycling is an important part of the circular economy and cannot be ignored

As part of its strategy to implement a circular economy, Covestro joined the Alliance to End Plastic Waste early last year as a founding member

Covestro hopes to collaborate with more players to build new recycling value chains in order to find the best solutions for a circular economy