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Covestro is involved in new Europe-wide research project aiming to recover 90% of post-consumer PU for recycling

January 28/2019

MOSCOW (MRC) -- Together with partners, Covestro is investigating how recycling polyurethane plastics can be significantly improved. The materials manufacturer is part of the new Europe-wide research project called "PUReSmart", which comprises nine companies and academic institutions from six countries, as per the company's press release.

The goal is to develop a complete circular product life cycle and turn polyurethane into a truly sustainable material. One of the materials made of polyurethane is soft and hard foam, which is required for mattresses and upholstered furniture as well as for insulating buildings and cooling devices.

PUReSmart will run for four years and will receive six million euros from the European Union under the Horizon 2020 research and innovation program (grant agreement No. 814543). The project, coordinated by the Belgian company Recticel, aims to recover 90 percent of the used polyurethane in order to create building blocks for existing or new products - for example a new polymer that combines the durability of thermosets with the recyclability of thermoplastics. Intelligent sorting methods are particularly important for efficient chemical recycling.

Covestro is working on the best possible chemical recycling of polyurethanes after use during the project along with the qualitative treatment of the material flows that are generated during this. The aim is to obtain high-quality raw materials for new polyurethane applications. "Polyurethanes are a particularly versatile and widely used class of plastics that provide comfort and safety in many applications worldwide and, as an insulating material, contribute to energy savings and thus to sustainability," says Dr. Nikola Schuck, who heads Covestro's contributions to PUReSmart. "Now it's time to increase the sustainable value of the material at the end of its useful life."

In addition to Covestro and Recticel, the companies BT-Wolfgang Binder (Austria), WeylChem InnoTec (Germany), Ecoinnovazione SRL (Italy) and Ayming (France) are involved in the PUReSmart consortium, which stands for a seamless and complete value-added chain in polyurethane reprocessing. Other academic partners are the University of Ghent (Belgium), KU Leuven (Belgium) and the Universidad de Castilla - La Mancha (Spain).

As MRC wrote before, in May 2018, Bayer Group sold 28.81 million shares representing a 14.2 percent interest in Covestro at a price of 75.50 euros per share. The proceeds of this sale totaled 2.2 billion euros. Bayer AG now holds just 6.8 percent of Covestro shares to repay the exchangeable bond that matures in 2020. Bayer AG acquired these shares from Bayer Pension Trust, which now no longer holds any Covestro shares.

We also remind that on 1 September, 2015, Bayer MaterialScience became known as Covestro. The plans for the carve-out of Bayer MaterialScience were announced in September 2014.
With 2017 sales of EUR 14.1 billion, Covestro is among the worlds largest polymer companies. Business activities are focused on the manufacture of high-tech polymer materials and the development of innovative solutions for products used in many areas of daily life. The main segments served are the automotive, construction, wood processing and furniture, and electrical and electronics industries. Other sectors include sports and leisure, cosmetics, health and the chemical industry itself. Covestro has 30 production sites worldwide and employs approximately 16,200 people (calculated as full-time equivalents) at the end of 2017.
Author:Margaret Volkova
Tags:poliuretan, footwear, Bayer, Covestro.
Category:General News
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