Seeing plastic waste as a valuable resource / Alternative raw materials to break away from crude oil / Fostering recycling through innovative processes
With a long-term program, Covestro plans to place a strong focus on the circular economy and to be a creative force for the entire plastics industry. In particular, the company aims to use raw materials from sustainable sources such as waste, plants and CO2 as much as possible in production. The aim is to achieve the greatest possible departure from fossil resources such as crude oil. Above all, used plastics must be recycled systematically and to the greatest possible extent. Covestro intends to develop new technologies exactly for this purpose. Overall, the company wants to shape the transition from a disposable economy to a circular economy with as many partners as possible and expects this to open up entirely new business opportunities.
“The great challenges of our time, such as climate change and the increasing consumption of resources by the growing world population, make truly sustainable ways of living and economies an indispensable necessity. The linear patterns in consumption and production based on one-time use have become obsolete – we must rather strengthen the idea of recycling and consistently align our actions accordingly, ” stresses Covestro CEO Dr. Markus Steilemann.
According to Steilemann, the plastics industry in particular can and must drive the change to achieve a circular economy. “Our company wants to be a pioneer in this process – for the benefit of the environment and society, but of course also for the benefit of our customers, who want to join us on our path to the circular economy.”
Moving carbon in circles
In order to promote the circular economy, Covestro has taken a first step in establishing a global strategic program to establish circularity throughout all areas of the company. It will then be backed by concrete and measurable objectives. The materials manufacturer has already taken several steps in this direction. For instance, it has recently been using alternative raw materials instead of crude oil to move the important element carbon virtually in a circle. Especially when it comes to using CO2 as a new raw material, Covestro sees itself as a pioneer and, with its innovative technology, is now in the grand finale of the prestigious German President’s Award.
However, the greatest potential for closing cycles is likely to lie in the recycling of plastic waste. In order to be able to make greater use of it than before, waste disposal systems must be considerably improved and redesigned. Covestro wants to contribute to this above all by developing new recycling technologies. The aim must be to use the most energy-efficient methods possible to convert used plastics back into their molecules. In a joint project, for example, the company is conducting concrete research into the reuse of soft polyurethane foam, which is used to make mattresses.
On top of this, Covestro intends to increasingly design plastics from the outset so that they can be effectively recycled. At the same time, plastic products must last as long as possible and be used to avoid waste.
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