Milestone towards a comprehensive circular business – Executives from Covestro's Engineering Plastics Division talk about the MCR project and the circular economy development strategy

On August 19, Wang Li, Global President of Covestro's Engineering Plastics Division, said in an interview with the media that the construction of its first physical recovery (MCR) production line dedicated to the blending of polycarbonate recycled materials at its Shanghai integration base is a strategic move on The road to Covestro's vision of comprehensive recycling, as well as a milestone

The circular economy has entered a new stage of development

In 2019, Covestro announced that it is committed to becoming an innovative leader in the plastics industry by implementing a long-term plan to focus on the circular economy

On August 19 this year, the strategy of recycling waste plastics entered a new stage

Nicolas Stoeckel, Head of Global Production Operations at Covestro's Engineering Plastics Division, added that by investing in this line dedicated to physically recovering polycarbonate, Covestro will be able to meet customer demand for

Covestro also announced that it will renovate and upgrade its blending plant in Thailand to strengthen its service to the Southeast Asian market

Strengthen cooperation in the construction of closed-loop industrial chains

Wang Li said that the cooperation between Covestro and Nongfu Spring is a business model innovation, which not only provides Covestro with stable performance and quantity of recycled raw materials, but also changes the previous linear practice

"Turning old buckets into treasures can reduce carbon emissions on the one hand, and recycle materials on the other," she said

Wang Li believes that the cooperation with Nongfu Spring is only the first step for Covestro to systematically recycle waste plastics, but to be fully rolled out, the scope of

At present, the commercial operation of Covestro focuses on the recycling of Nongfushan Spring water buckets and construction panels, because building plates and buckets are easy to regenerate after being broken and re-granulated, and then gradually extended to computers, mobile phones or commercial instruments and

Promote sustainable development based in China

China is covestro's largest single market

She stressed that China is a market worth investing in and developing, and Covestro can play its strengths

In addition, Covestro is actively working with domestic recycling value chain partners to develop national standards

"Covestro's efforts to invest in circular economy projects in China and the Asia-Pacific region, as a leading PRODUCER of PCR in Asia, further demonstrate that Covestro can work with partners to 'shape' the future