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Arkema joins World Business Council for Sustainable Development

June 08/2020

MOSCOW (MRC) -- Arkema says it has joined the World Business Council for Sustainable Development (WBCSD), an organization of more than 200 businesses working to accelerate the transition to a sustainable world, reported Chemweek.

Arkema is the latest of a growing list of chemical companies such as BASF, Evonik Industries, DSM, and AkzoNobel that have joined WBCSD.
More than ever, in a world faced with economic, environmental, and social challenges, our mission as an industrial company is to use our expertise in materials science to facilitate the transition to a sustainable world. Together with other WBCSD partners, we will be able to accelerate this transition and provide innovative solutions that contribute to the sustainable development goals defined by the UN, says Thierry Le Henaff, chairman and CEO at Arkema.

Arkema adopted a new climate plan, in line with the Paris Agreement, at the beginning of this year, to contribute to a global warming target of well below 2C and reduce its overall greenhouse gas emissions 38% by 2030, the company says.

As MRC reported before, Arkema said earlier this week that it has finalized the divestment of its functional polyolefins business to SK Global Chemical. The divestment was announced last year. Arkema says the sale forms part of its strategy to refocus the groups activities on specialty materials.

According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 721,290 tonnes in the first four month of 2020, up by 4% year on year. Low density polyethylene (LDPE) and linear low density polyethylene (LLDPE) shipments grew partially because of the increased capacity utilisation at ZapSibNeftekhim.  At the same time, PP shipments to the Russian market totalled 347,440 tonnes in January-April 2020 (calculated by the formula production minus export plus import). Supply exclusively of PP random copolymer increased.

Arkema is a global manufacturer in specialty chemicals and advanced materials, with 3 business segments - High Performance Materials, Industrial Specialties, and Coating Solutions - and globally recognized brands. The Group reports annual sales of EUR8.8 billion. Buoyed by the collective energy of its 20,000 employees, Arkema operates in close to 55 countries.
Author:Margaret Volkova
Tags:Europe, PP, PE, LLDPE, PP random copolymer, LDPE, petrochemistry, adhesives, paints and coatings, Arkema, Rossiya.
Category:General News
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