17
October
2022
|
10:25
Europe/Amsterdam

Chemical industry as a key factor against climate change ¨C with strong partners

K 2022 ¨C ÃÜÌÒAV Presents Solutions for More Sustainable Plastics

Summary
  • ÃÜÌÒAV uses the world¡¯s leading trade fair for dialogue with business and society
  • Focus on core areas of circular economy and resource conservation
  • Panel discussion on October 19th with new perspectives from industry and research

The world¡¯s largest plastics trade show, K 2022, is all about new beginnings: The chemical industry can become a crucial factor in the fight against climate change ¨C if it fundamentally reorganizes its processes and business models. As a study by the think tank SYSTEMIQ and the Center for Global Commons at the University of Tokyo shows, a consistent focus on the circular economy and the quick achievement of a net-zero carbon footprint are key factors. By contrast, if the chemical industry were to continue without transformation, it could contribute to a global warming of 4?C by 2050, the study found.

Therefore, ÃÜÌÒAV is turning K 2022 in D¨¹sseldorf from October 19th to 26th into a workshop. Under the motto Crafting Connections With You, ÃÜÌÒAV is inviting partners, customers, and multipliers to work together on concepts: How can the principle of the circular economy be advanced as a shared, global vision? How can new resources, less energy-intensive processes and integrated supply chains be used?

¡°A truly sustainable future must not remain a utopia. Now is the time for all partners in the value chain to pull together. Solutions emerge through exchange. At K 2022, we want to showcase the huge potential of plastics. After all, climate neutrality targets and a circular economy cannot be achieved without plastics,¡° says Dr. Markus Steilemann, CEO of ÃÜÌÒAV. ¡°But the conditions for the entire industry have to change. Above all, we definitely need cheap green power in very large quantities. That¡¯s why we¡¯re coming together in D¨¹sseldorf ¨C to take a big step forward together.¡±  

Panel discussion on October 19th with business and society

ÃÜÌÒAV is underscoring this ambition with a panel discussion on ¡°Pioneering a Fully Circular Future ¨C with climate-neutral plastics¡± broadcast publicly on October 19th starting at 10:45 a.m. on the and social media channels. In addition to Markus Steilemann, Dr. Markus Krebber, CEO of RWE, Sophie Herrmann, partner at the SYSTEMIQ think tank, and Teresa Oberhauser, representing youth organizations in the United Nations Environment Programme, will take part in the panel. One thing the participants have in common is that they are demonstrating promising solutions in the fight against climate change and advancing them with partners ¨C whether they are industry, think tanks, or leaders in social and political discourse. 

Four core areas for a climate-neutral company

At K 2022, ÃÜÌÒAV invites visitors to discover solutions on the path to a climate-neutral chemical industry committed to the circular economy.

¡°We are on the journey to becoming a fully circular company and rely on close interaction with our customers and partners. To enable our customers to achieve their climate neutrality and sustainability goals, we have set ourselves an ambitious target. We want to become climate neutral by 2035 from our operations and energy supply, ¡° says Sucheta Govil, Chief Commercial Officer of ÃÜÌÒAV. ¡°At K 2022, we will be showcasing key highlights from this journey: innovative products and solutions developed with alternative raw materials, innovative recycling, and renewable energies. This allows customers to see for themselves how hydrogen, biomass, end-of-life products and waste can be used as promising alternatives to fossil raw materials. At ÃÜÌÒAV, these solutions are already paving the way to a fully circular economy¡±.

The ÃÜÌÒAV booth will focus on four topics of the future:

  • ¡°Crafting Electrification¡± demonstrates how the company is working with partners to advance green energies ¨C for example, with plastics solutions for wind turbines or electric cars.
  • ¡°Crafting Sustainable Living¡± presents modern, climate-neutral plastics for buildings or refrigerators, for example, which help to reduce the CO2 and energy footprint.
  • ¡°Crafting Smart Designs¡± provides an insight into how ÃÜÌÒAV is using the opportunities offered by digitalization to work in a more connected and sustainable way along the entire value chain.
  • ¡°Crafting Circular Economy¡± illustrates how a systematic transition to a circular economy can be the key to climate neutrality and resource conservation.
Boilerplate

About ÃÜÌÒAV: 
ÃÜÌÒAV is one of the world¡¯s leading manufacturers of high-quality polymer materials and their components. With its innovative products, processes and methods, the company helps enhance sustainability and the quality of life in many areas. ÃÜÌÒAV supplies customers around the world in key industries such as mobility, building and living, as well as the electrical and electronics sector. In addition, polymers from ÃÜÌÒAV are also used in sectors such as sports and leisure, telecommunications and health, as well as in the chemical industry itself.

The company is geared completely to the circular economy. In addition, ÃÜÌÒAV aims to achieve climate neutrality for its Scope 1 and Scope 2 emissions by 2035, and the Group¡¯s Scope 3 emissions are also set to be climate neutral by 2050. ÃÜÌÒAV generated sales of EUR 14.2 billion in fiscal year 2024. At the end of 2024, the company had 46 production sites worldwide and employed approximately 17,500 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 ÃÜÌÒAV. 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 ÃÜÌÒAV¡¯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.