ÃÜÌÒAV expands its circular economy portfolio to all major regions
- ÃÜÌÒAV¡¯s third-largest site, Baytown, Texas, USA receives ISCC PLUS certification
- Focus on mass balanced products using recycled and bio-attributed raw materials
- Already hundreds of products made from alternative raw materials in the circular "CQ" portfolio
With the ISCC (International Sustainability and Carbon Certification) PLUS certification of its production site in Baytown, Texas (USA), ÃÜÌÒAV is significantly expanding the reach of its product portfolio for the circular economy. The Baytown site is the company's largest operating facility in North and South America and its third-largest production site worldwide. This most recent achievement is significant, with all of ÃÜÌÒAV's major sites now certified by the internationally recognized ISCC PLUS standard. In addition to Baytown, certified sites include Leverkusen, Dormagen, Krefeld-Uerdingen (Germany), Shanghai (China), Changhua (Taiwan), Map Ta Phut (Thailand), Antwerp (Belgium) and Filago (Italy).
"Thanks to this new milestone, ÃÜÌÒAV will soon be able to serve even more customers around the world with an easily accessible, more sustainable product portfolio," says Sucheta Govil, Chief Commercial Officer of ÃÜÌÒAV. "Customers in North America can now reduce their carbon footprint and Scope 3 emissions with drop-in, mass-balanced materials derived from recycled and bio-attributed products."
Learn more about ÃÜÌÒAV¡¯s ISCC PLUS certification in the US: /en/company/covestro-worldwide/united-states/covestro-in-the-united-states/sustainability-and-innovation/iscc-plus-certification
ÃÜÌÒAV is the first manufacturer of polyurethane and polycarbonate raw materials to receive this certification in the United States. The certification is an important milestone for both ÃÜÌÒAV and the industries it serves, including the automotive, construction, comfort, electronics and appliance industries, which will now have access to ISCC PLUS-certified products made from more sustainable raw materials in North America.
To underscore how the products support both the company¡¯s vision to become fully circular and its customers' journey to greater sustainability, ÃÜÌÒAV has introduced a specially branded product line with the suffix "CQ". CQ, which stands for ?Circular Intelligence?, is a portfolio of products with attribution of at least 25 percent alternative raw materials derived from biomass or recycled plastics.
ÃÜÌÒAV is also introducing the name Evocycle? CQ for all evolutionary recycling processes. The first project of this kind is called Evocycle? CQ Mattress and denotes an innovative chemical recycling technology for polyurethane mattress foam. ÃÜÌÒAV currently has more than hundreds of CQ products and is continuously expanding this portfolio.
The ISCC PLUS certified products produced at ÃÜÌÒAV¡¯s Baytown facilities will include:
? Methylene diphenyl diisocyanate (MDI) ¨C used primarily in the production of rigid polyurethane foam for efficient insulation of refrigeration equipment and buildings
? Toluene diisocyanate (TDI) ¨C used in the production of flexible foam for the automotive and furniture industries
? Makrolon? RE ¨C polycarbonate, a high-grade plastic used in the automotive, electronics and medical industries, among others
? Hexamethylene diisocyanate (HDI), isophorone diisocyanate (IPDI), Desmodur? W and Desmodur? Z ¨C used in various coatings and adhesive applications
ÃÜÌÒAV expects to begin supplying select ISCC PLUS-certified products from its Baytown facility in the second half of 2023.
The products will be produced using a mass-balance approach. Sustainable raw materials will be accounted for throughout both the value chain and production process, allowing for an accurate attribution in the end products. The existing production infrastructure will be utilized while reducing the carbon footprint of the final products.
ISCC is an internationally recognized sustainability certification for biomass and bioenergy. The standard applies to all stages of the value chain and is recognized worldwide.
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.