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Evonik to generate additional sales of over EUR350 mln by 2030 with solutions for circular plastics

June 29/2021

MOSCOW (MRC) -- Evonik expects its global circular plastics program to generate additional sales of more than EUR350 million a year by 2030, as per the company's press release.

The company is pooling its activities for circular plastics in a global program. As part of the transition to a circular economy, the company offers its customers solutions for all stages in the polymer value chain. Additives and technologies from Evonik make mechanical and chemical recycling more efficient thus improving the availability of circular plastics. Evonik will also increase the use of sustainable raw materials from circular sources in its own production processes. 

The careful use of resources and protection of the climate leads us down the path towards a circular economy, said Harald Schwager, deputy chairman of Evonik's executive board, who is responsible for innovation. We have the innovative capability to create new materials cycles with fewer fossil-based feedstocks and more circular ones. We intend to utilize that potential.

More than 350 million metric tons of plastics are produced worldwide every year. However, only a small fraction of that amount is recycled. Evonik can facilitate the transformation to a circular economy for sustainable plastics applications with its additives and solutions, and that at competitive cost and quality.

Specialty additives from Evonik can increase the amount of high-quality re-usable recyclate obtained by about 5%. Evonik aims to offer such solutions for about 400,000 metric tons of recyclable plastics by 2025.

Evonik is also working on various chemical recycling technologies for plastic waste that cannot be recycled mechanically. Here, the polymer chains are split to obtain building blocks for the production of new plastics. For example, Evonik is currently developing a process to facilitate recycling of heavily contaminated polyethylene terephthalate (PET) waste. New molecules for high-end applications can be obtained via methanolysis.

Another method of chemical recycling is controlled incineration of plastic waste to produce pyrolysis oils or synthesis gases. Evonik offers modern technologies that play a part in making these processes more efficient. Examples are additives, catalysts, and membranes for the treatment of gas. These pyrolysis oils and synthesis gases can be used as raw materials for the production of plastics.

All of these processes have one thing in common: The goal is to replace fossil-based resources such as oil wherever possible, avoid waste, and minimize carbon dioxide emissions.

As MRC informed before, earlier this month, Evonik signed a purchase agreement to acquire the privately owned technology-driven company Infinitec Activos, with closing expected by July.

According to MRC's ScanPlast report, Russia's estimated PET consumption grew to 263,660 tonnes in the first four months in 2021, up by 13% year on year. Bottle grade PET accounted for 78.3% of the increase in consumption due to the virtual absence of exports and higher imports.

Evonik is one of the world leaders in specialty chemicals. The focus on more specialty businesses, customer-oriented innovative prowess and a trustful and performance-oriented corporate culture form the heart of Evoniks corporate strategy. They are the lever for profitable growth and a sustained increase in the value of the company. Evonik benefits specifically from its customer proximity and leading market positions. The company is active in more than 100 countries around the world and generated sales of EUR12.2 billion and an operating profit (adjusted EBITDA) of EUR1.91 billion in 2020.
Author:Margaret Volkova
Tags:PET-granulate, petrochemistry, recikling, adhesives, packaging, Evonik, sustainable development, Germany.
Category:General News
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