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· Realize the new company vision through concrete measures
· Realize the new company vision through concrete measures· Focus on alternative raw materials and renewable energy
· Focus on alternative raw materials and renewable energyCarry out a series of research projects to promote recycling
Carry out a series of research projects to promote recyclingCovestro is fully committed to making the circular economy a model for a truly sustainable world
.
Specifically, the company plans to switch production facilities around the world to the use of alternative raw materials and renewable energy
.
Circular economy is a global guiding principle
Circular economy is a global guiding principleDr.
Markus Steilemann, CEO of Covestro, told the international media during a webcast on Tuesday: "The circular economy will lead the world towards a sustainable future
.
Dr.
Xeroxwen added: "Producing, consuming, throwing away, single-use is a dead end that business and society as a whole urgently need to reconsider
.
Covestro launched a strategic plan in 2019 to implement the circular economy concept in all areas of the company in a holistic manner
.
- Alternative raw materials: use biomass, carbon dioxide, and end-of-life materials and waste to replace fossil raw materials such as petroleum; realize the carbon cycle
.
- Alternative raw materials:
- Innovative recycling: New energy-efficient technologies ensure increased volume and efficiency of end-of-life material and waste recycling
.
-Innovative recycling:
-Joint solutions: To promote the circular economy, Covestro is seeking cross-sector cooperation
.
- Joint Solutions:
-Renewable energy: For the circular economy to truly achieve sustainable development, alternative energy generation is indispensable
.
Covestro has long been offering innovative products based on alternative raw materials, including bio-based ingredients for automotive and furniture paints, as well as carbon dioxide-based materials for mattresses, sports floors and textiles
.
Companies see great potential in research, especially in chemical recycling, such as converting plastics back into molecules and reusing them
.
Plastic waste as a sustainable resource
Plastic waste as a sustainable resourceCovestro is also actively involved in numerous collaborative projects, such as the use of blockchain technology to increase transparency in circular economy supply chains
.
As a member of the Alliance to End Plastic Waste, Covestro also works to ensure that used plastics are no longer disposed of in an uncontrolled manner
.
This alliance includes a number of companies from around the world that are actively taking steps in this field
.
"Plastic should not be discarded into the environment .
Plastic is so valuable that it should never be thrown away
.
We must recognize this and use plastic as a sustainable resource, " stressed Dr.
Xerox
.
In addition to end-of-life materials, alternative raw materials such as carbon dioxide and biomass, renewable energy sources are equally important for achieving a true resource-saving circular economy
.
To this end, Covestro will gradually switch to the use of renewable energy in its production
.
As an important first step, from 2025 the company will use electricity from Danish power provider Wösch Energy's wind farm in the North Sea to cover a considerable part of the electricity needs of Covestro's plants in Germany
.
About Covestro:
About Covestro:Covestro is one of the world's largest polymer producers, with sales of 12.
4 billion euros in 2019
.
Its business scope is mainly focused on the production of high-tech polymer materials and the development of innovative solutions for many areas of daily life
.
The main service areas include the automotive, construction, woodworking and furniture, electrical and electronic industries, but also the sports and leisure, cosmetics, medical and chemical industries themselves
.
As of the end of 2019, Covestro had 30 production sites around the world and about 17,200 employees (calculated as full-time employees)
.
