Covestro Shanghai Integrated Base Receives ISCC Plus Certification

· Covestro Asia Pacific's first ISCC Plus certification base

·Provide customers with stable product quality and directly applicable solutions

The first order will be delivered to the electronics industry

· Shanghai base will purchase green power from solar power

Covestro announced that its integrated site in Shanghai has received ISCC Plus quality balance certification
.
This means that Covestro has the capacity to supply customers in the Asia-Pacific region with high-performance polycarbonate plastics made from alternative raw materials and diphenylmethane diisocyanate (MDI), the raw material for polyurethane, which is of the same quality as the corresponding fossil The base product is no different
.

The Shanghai integrated base has thus become Covestro's first base in the Asia-Pacific region to obtain ISCC Plus certification, and it is also the company's largest production base in the world
.
Covestro's sites in Antwerp, Belgium, and Uerdingen, Germany, located in Europe, received the certification late last year
.
At the same time, two local trading entities, Covestro (Shanghai) Investment Co.
, Ltd.
and Covestro (Hong Kong) Co.
, Ltd.
, have also recently obtained ISCC Plus certification
.

This means that mass balance certified products can now be seamlessly delivered to downstream industries from Covestro's production and trade departments
.
The first mass balance-certified Makrolon® RE series polycarbonate order from Covestro's integrated base in Shanghai will be delivered to the electronics industry in September
.

“We are very proud that we are taking a big step towards realizing our vision of full circularity to meet the demand for more sustainable products
,” said Sucheta Govil, Chief Commercial Officer of Covestro.
“With the latest mass balance Certification allows us to directly support customers in the Asia Pacific region and reduce our carbon footprint
.
The solution requires no technical modifications and can be applied directly to existing production processes
.
”

Mass balance approach using alternative raw materials

Dr.
Chen Yun, General Manager of Covestro's Shanghai Integration Base, said: "This is a key step
on our path to achieving carbon neutrality and ultimately a circular economy.
Not only have we achieved external certification, we are also actively advocating for more sustainable use of sustainable raw materials, and implement the goal of reducing carbon footprint in all aspects of product production, distribution and raw material procurement
.
”

Mass balancing is a chain-of-custody approach that allows fossil and alternative raw materials to be mixed in production but separated in bookkeeping
.
This approach tracks materials through the value chain and allocates alternative raw materials, such as bio-based raw materials, to selected end products
.
Through a mass balance approach, alternative raw materials are introduced into the value chain, while leveraging the existing efficient chemical production infrastructure with economies of scale, thereby accelerating the transformation of the plastics industry to a circular economy
.

Reduce CO2 footprint by up to 80%

Compared to fossil-based products, Covestro's mass-balanced products with alternative raw materials have the same quality and performance, but with a significantly lower carbon footprint
.
For example, Makrolon® RE can reduce its carbon footprint by up to 80% compared to standard virgin materials, contributing to the fight against climate change
.
Covestro plans to make some Makrolon® RE polycarbonate products carbon neutral by introducing renewable energy sources for the production of used electricity at European sites by the end of this year, with sites in other regions to follow
.

As part of the transition to a circular economy, Covestro is gradually turning to the use of alternative raw materials, including renewable ones
.
With the certification of polycarbonate and the intermediate product MDI, Covestro is increasing its use of alternative raw materials
.
Polycarbonate is widely used in high-end fields such as automotive and electronics
.
MDI can be used to produce rigid polyurethane foam, which has been widely used in refrigeration equipment and construction as an efficient thermal insulation material
.

ISCC (International Sustainability and Carbon Certification) is an internationally recognized sustainable development certification system for biomass and bioenergy
.
The standard applies to all stages of the value chain and is recognized globally
.

Gradually increase the proportion of renewable energy utilization

In addition, Covestro Shanghai Integrated Base recently reached an agreement with Datang Wuzhong New Energy Co.
, Ltd.
to purchase about 100 million kWh of green power from its Ningxia photovoltaic power station every year
.
This amount of electricity accounts for about 10% of the Shanghai base's annual electricity demand, which will further increase the proportion of its renewable energy utilization
.
By gradually using renewable energy in its production, Covestro is one step closer to realizing its vision of a circular economy
.