28
October
2021
|
10:00
Europe/Amsterdam

Covestro at the UTECH Europe 2021 trade fair in Maastricht

Improving sustainability with PU elastomers

Summary

Solutions for different industries

At UTECH Europe 2021 from November 16-18 in Maastricht, the Netherlands, Covestro will showcase a range of innovative polyurethane elastomer (PU)-based solutions for various industries that help customers achieve their sustainability goals. This is in line with the company's vision to become fully circular.

Sustainable contribution for offshore wind applications

Offshore energy generators need materials that are strong and durable. To this end, Covestro offers this industry materials that extend the life of equipment installed in wind farms by protecting turbines, submarine cables and more. On the other hand, these companies are also looking for ways to reduce their environmental footprint. To this end, Covestro has developed a Desmodur® PU system made from a material with CO technology: It helps reduce the use of fossil raw materials and outperforms the previous material solution overall in its mechanical properties.

Introducing the circular economy into mining applications

In the mining industry, the need for solutions to reduce overall costs and increase efficiency in terms of performance and durability is critical. In addition, the industry is seeking insights to improve its waste management and reduce its environmental impact. To this end, Covestro offers a high-performance solution that allows waste to be reintegrated into the production process. Overall, this solution helps reduce the end-of-life costs of parts while maintaining their technical performance. In combination with the use of components made from CO-free materials or bio-based raw materials, these solutions have an even more positive impact on the carbon footprint.

Mass balance approach with alternative raw materials

Mass balance is a chain-of-custody method that mixes fossil and alternative raw materials in production, but treats them separately in accounting. It enables the allocation of alternative raw materials to selected end products. The mass-balancing approach introduces alternative raw materials into the value chain while taking advantage of the existing chemical infrastructure's high efficiency and economies of scale, accelerating the industry's transition to a circular economy for plastics.

Mass-balanced products from Covestro with allocated alternative content have a significantly lower CO footprint compared to fossil-based alternatives, but show the same good quality and properties. For MDI raw materials, Covestro already relies on mass-balanced products. As part of its comprehensive program to drive the transition to a circular economy, the company is gradually shifting its system offering to alternative raw material sources, including renewables.

Visit Covestro's booth E28 at the MECC Exhibition & Convention Center in Maastricht to learn more about our solutions.

Boilerplate

About Covestro:

With 2020 sales of EUR 10.7 billion, Covestro is among the world’s leading polymer companies. Business activities are focused on the manufacture of high-tech polymer materials and the development of innovative, sustainable solutions for products used in many areas of daily life. In doing so, Covestro is fully committed to the circular economy. The main industries served are the automotive and transportation industries, construction, furniture and wood processing, as well as electrical, electronics, and household appliances industries. Other sectors include sports and leisure, cosmetics, health and the chemical industry itself. At the end of 2020, Covestro has 33 production sites worldwide and employs approximately 16,500 people (calculated as full-time equivalents).

Forward-looking statements

This news release may contain forward-looking statements based on current assumptions and forecasts made by Covestro AG. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. These factors include those discussed in Covestro’s public reports which are available at www.covestro.com. The company assumes no liability whatsoever to update these forward-looking statements or to conform them to future events or developments.