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Covestro receives first order of Borealis renewable phenol for PC production

October 21/2020

MOSCOW (MRC) -- Covestro says it has received its first delivery of certified renewable phenol from Borealis, to be used as a drop-in feedstock for the production of polycarbonate plastic, said Borealis.

The phenol is manufactured by Borealis using renewable hydrocarbons feedstock supplied by Neste, sourced from waste and residual oils and fats.

The first 1,000-metric ton batch of renewable phenol is part of a strategic collaboration among the three companies to increase the use of alternative raw materials and drive forward the circular economy, they say in a joint statement. The products renewable supply chain is verified by the International Sustainability and Carbon Certification (ISCC) process.

"By cooperating with upstream partners such as Neste and Borealis, we are showing how a sustainable value chain can work, says Covestros CEO Markus Steilemann. Delivering renewable phenol to Covestro shows the companies are at the forefront of driving the circular economy, says Alfred Stern, Borealis CEO. The drop-in nature of the product shows its suitability for a continuously increasing number of demanding applications, and showcases how sustainability-focused collaboration among companies can make a positive impact, even within a complex value chain," according to Peter Vanacker, Nestes CEO.

Covestro, which has stated plans to make sustainability the heart of its growth strategy, will use the renewable PCs in the automotive and electronics sectors.

As MRC informed earlier, Covestro has launched a new production line for polycarbonate (PC) films in the Map Ta Phut Industrial Estate in Thailand.

As MRC reported earlier, Covestro has closed the sale of its European polycarbonates (PC) sheets business to the Munich-based Serafin Group effective January 2, 2020. This includes key management and sales functions throughout Europe as well as production sites in Belgium and Italy.

According to MRC's ScanPlast report, overall estimated consumption of PC granules in the Russian market reached 58,000 tonnes in January-July 2020, up by 22% year on year (47,500 tonnes).

Covestro (formerly Bayer MaterialScience) is an independent subgroup within Bayer. It was created as part of the restructuring of Bayer AG from the former business group Bayer Polymers, with certain of its activities being spun off to Lanxess AG. Covestro manufactures and develops materials such as coatings, adhesives and sealants, polycarbonates (CDs, DVDs), polyurethanes (automotive seating, insulation for refrigerating appliances) etc. With 2019 sales of EUR12.4 billion, Covestro has 30 production sites worldwide and employs approximately 17,200 people (calculated as full-time equivalents) at the end of 2019.
Author:Anna Larionova
Tags:bisphenol A, PK, PC granules, PC compounds, phenol, Borealis, Covestro.
Category:General News
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