ÃÜÌÒAV at the FAKUMA 2024
- Materializing the circular economy
- Circular products and concepts on display at booth B4-4208
- Products with various forms of recycled contents on display
At this years¡¯ Fakuma from October 15 to 19, ÃÜÌÒAV will showcase materials and solutions for automotive, electrics & electronics, consumer goods and textile applications that make the world brighter and ever more circular. The catch: ÃÜÌÒAV will show exhibits that contain materials with mechanically and chemically recycled contents, as well as contents from biomass - either as components or attributed through the mass balance methodology. In Hall 4, Booth B4-4208, visitors are therefore invited to get in touch with ÃÜÌÒAV¡¯s experts and discuss how to jointly materialize a circular economy.
¡°Our products touch everyday life in thousands of applications, from cars to electronics to footwear. To accelerate circularity and sustainability we need to work closely with our customers and partners along the value chain on adopting alternative raw materials, renewable energy sources and recycling technologies¡±, says Dr. Guido Naberfeld, Senior Vice President, Head of Sales and Market Development Mobility at ÃÜÌÒAV. ¡°We are excited to show some of our latest developments and projects and are eager to engage in discussions about them at this year¡¯s Fakuma.¡±
The Fakuma in Friedrichshafen, Germany, is a leading annual international trade fair for plastics processing. Visitors of the ÃÜÌÒAV booth will discover a set of exhibits ranging from Polycarbonates to Specialty Films to Thermoplastic Polyurethanes, demonstrating how sustainability and performance can go hand in hand across industries.
Key exhibits include an innovative automotive frontend design that combines looks and functionality while also incorporating electronics. The materials used in the concept are Makrolon? and Makrofol?. The same materials can be used to create nearly monomaterial electronic displays, ideal for integration into smart surfaces in kitchens, vehicles and consumer electronics. One demonstrator, featuring in-mold printed elecontric circuits, will be exhibited.
ÃÜÌÒAV's recently announced partnership with Neste and Borealis will also have a spot at the booth. It showcases the closed-loop recycling of old tires into highly transparent polycarbonates that can be used in automotive components, such as car headlamps. This innovation exemplifies circularity in the automotive industry through the Makrolon? RP product range, which uses chemically recycled raw materials, attributed via the mass balance approach.
ÃÜÌÒAV in general aims to become increasingly circular and climate-neutral, with the goal of operational climate neutrality (Scopes 1 and 2) by 2035, and full climate neutrality by 2050. To make products that are advancing toward these goals easily identifiable, ÃÜÌÒAV, besides RE or RP, also uses the ¡°CQ¡± label. CQ stands for ¡°Circular Intelligence¡±. CQ ecompasses, for example, products that contain at least 25% alternative, non-fossil raw materials, either as components or through the mass balance methodology. This helps to reduce their carbon footprint while contributing to circularity. Some of the abovementioned and more products can be seen at Fakuma.
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.