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DDSM Engineering Materials aims to cut emissions by 50% by 2030

October 11/2021

MOSCOW (MRC) -- DSM Engineering Materials has announced that it is further enabling its customers to achieve their sustainability targets by accelerating its carbon footprint and greenhouse gas emission reduction journey, as per the company's press release.

Thus, the company aims to reduce its total greenhouse gas emissions (including Scope 1, 2, 3 upstream) and the carbon footprint of its products by 50% by 2030, from a 2016 baseline.

It also targets to use 100% renewable electricity in all production plants by 2025 (was 70% in 2020) and to achieve Net Zero Scope 1 and 2 greenhouse gas emissions by 2040 on the way to Net Zero across all value chains by 2050.

This announcements align with and reinforce DSM Engineering Materials wider sustainability roadmap. In June, DSM announced it has successfully halved the carbon footprint of Akulon PA6, and is also developing greenhouse gas reduction roadmaps for Stanyl PA46 and Arnitel TPC. In its drive toward 100% renewable electricity, DSM Engineering Materials plants in Europe and China are already fully powered by renewable electricity. In addition, DSM Engineering Materials has committed to developing and rolling out bio- and/or recycled-based alternatives for its entire portfolio by 2030; specific grades are already available for all major product lines.

Overall, all these initiatives including the move toward bio- and recycled-based alternatives will help DSM Engineering Materials to achieve Net Zero greenhouse gas emissions (of direct production and via renewable electricity) by 2040 on the journey to Net Zero across all value chains by 2050.

As MRC reported earlier, in April 2021, DSM said it had completed the sale of the resins & functional materials businesses to Covestro for EUR1.6 billion (USD1.9 billion), including EUR1.4 billion in cash. It included DSM Niaga, DSM additive manufacturing, and the coatings activities of the DSM advanced solar business, which together represented EUR1.01 billion of DSMs 2019 total annual net sales and EUR133 million of DSMs 2019 total EBITDA.

We remind that Covestro 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 were almost 56,000 tonnes in January-July 2021, down by 3% year on year (58,000 tonnes).

Royal DSM, commonly known as DSM, is a Dutch multinational corporation active in the fields of health, nutrition and materials. The Materials cluster is made up of DSM Engineering Materials, DSM Protective Materials and DSM Resins & Functional Materials. DSM Engineering Materials specialty plastics are used in components for the electrical and electronics, automotive, flexible food packaging and consumer goods industries.


mrcplast.com
Author:Margaret Volkova
Tags:Europe, PC, compounding, sheet extrusion, petrochemistry, recikling, poliamid, Covestro, DSM, sustainable development, China.
Category:General News
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