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Dutch business coalition, including AkzoNobel, calls for sustainable COVID-19 recovery plan

June 22/2020

MOSCOW (MRC) -- AkzoNobel, together with the other members of the Dutch Sustainable Growth Coalition (DSGC), a CEO-led coalition of eight Dutch multinational corporations, has endorsed sustainability as the cornerstone of COVID-19 recovery plans at a national and EU level, said Chemweek.

DSGC is calling on the Dutch government to endorse the EU Green Deal as one of the cornerstones of the EU's recovery plan, and build a COVID-19 recovery plan around an investment schedule that firmly puts the Dutch economy on the path of realizing the UN Sustainable Development Goals (SDGs) and the Paris Climate Agreements, AkzoNobel says.
DSGC wants to draw on the recent partnerships and collaborations between Dutch enterprises and the government to tackle COVID-19, to address future challenges where public and private partnerships are key such as risks associated with climate change and loss of biodiversity, according to the coalition. We look forward to continuing our collaborative work with the Dutch and EU governments to further embed sustainability so we can maximize our contribution to the SDG agenda. Together, we can make this possible, says Thierry Vanlancker, CEO at AkzoNobel.

The coalition is chaired by Jan Peter Balkenende, supported by the Confederation of Netherlands Industry and Employers and facilitated by Accenture. It is committed to sustainability as a leading business-modeling principle, and believes that focusing on social responsibility and climate action through the lens of the SDGs could reinforce economies worldwide, mitigate climate risks, and create the foundations for future sustainability-driven growth and a more inclusive society, AkzoNobel says.

As it was written before, AkzoNobel finalized the acquisition of BASFs global Industrial Coatings business, which supplies a range of products for industries including construction, domestic appliances, wind energy and commercial transport, strengthening its position as the global number one supplier in coil coatings.

As MRC informed earlier, BASF would expand the capacity of ethylene oxide and ethylene oxide derivatives at its Verbund site in Antwerp, Belgium. The total investment adds about 400 000 tpy to BASFs production capacity for the corresponding products with an expected investment amount exceeding EUR500 million.

Ethylene is a feedstock for producing polyethylene (PE).

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.

Akzo Nobel N.V., trading as AkzoNobel, is a Dutch multinational, active in the fields of decorative paints, performance coatings and specialty chemicals. Headquartered in Amsterdam, the company has activities in more than 80 countries, and employs approximately 55,000 people. Established in 1992 and specializing in sustainable water-based and advanced eco-friendly products, Mapaero operates a production facility in France and has around 140 employees.
Author:Anna Larionova
Tags:petroleum products, PE, petrochemistry, Akzo Nobel Functional Chemicals BV.
Category:General News
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