PITTSBURGH - In a significant move towards sustainability, Covestro, a leading polymer manufacturer, has entered into a long-term agreement with Encina Development Group to procure chemically recycled raw materials. The materials, derived from post-consumer end-of-life plastic, include benzene and toluene, which are essential for producing methylene diphenyl diisocyanate (MDI) and toluene diisocyanate (TDI), as well as polycarbonates like those used in automotive and electronics industries.
Encina's production facility, which is expected to be operational by the end of 2027, will utilize a proprietary catalytic technology to produce these circular feedstocks. This technology not only supports the reuse of plastics but also offers a reduced carbon footprint compared to traditional fossil-based counterparts. The move aligns with Covestro's goal to become fully circular and climate-neutral by 2035, addressing Scope 3 emissions in the process.
Thorsten Dreier, Chief Technology Officer at Covestro, emphasized the importance of sourcing raw materials from used plastics as a decisive step toward a circular economy. David Roesser, CEO of Encina, echoed this sentiment, expressing pride in the partnership with Covestro and the shared vision of a waste-free future.
Covestro's approach to circularity includes the use of alternative raw materials and renewable energy, alongside innovative recycling. The company, which reported sales of EUR 18 billion in fiscal 2022, operates 50 production sites worldwide and employs around 18,000 people.
The information for this article is based on a press release statement.
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