ÃÜÌÒAV at the UTECH Europe 2021 trade fair in Maastricht
Improving sustainability with PU elastomers
Solutions for different industries
At from November 16-18 in Maastricht, the Netherlands, ÃÜÌÒAV will showcase a range of innovative polyurethane elastomer (PU)-based solutions for various industries that help customers achieve their sustainability goals. This is in line with the company's vision to become fully circular.
Sustainable contribution for offshore wind applications
Offshore energy generators need materials that are strong and durable. To this end, ÃÜÌÒAV offers this industry materials that extend the life of equipment installed in wind farms by protecting turbines, submarine cables and more. On the other hand, these companies are also looking for ways to reduce their environmental footprint. To this end, ÃÜÌÒAV has developed a Desmodur® PU system made from a material with CO? technology: It helps reduce the use of fossil raw materials and outperforms the previous material solution overall in its mechanical properties.
Introducing the circular economy into mining applications
In the mining industry, the need for solutions to reduce overall costs and increase efficiency in terms of performance and durability is critical. In addition, the industry is seeking insights to improve its waste management and reduce its environmental impact. To this end, ÃÜÌÒAV offers a high-performance solution that allows waste to be reintegrated into the production process. Overall, this solution helps reduce the end-of-life costs of parts while maintaining their technical performance. In combination with the use of components made from CO?-free materials or bio-based raw materials, these solutions have an even more positive impact on the carbon footprint.
Mass balance approach with alternative raw materials
Mass balance is a chain-of-custody method that mixes fossil and alternative raw materials in production, but treats them separately in accounting. It enables the allocation of alternative raw materials to selected end products. The mass-balancing approach introduces alternative raw materials into the value chain while taking advantage of the existing chemical infrastructure's high efficiency and economies of scale, accelerating the industry's transition to a circular economy for plastics.
Mass-balanced products from ÃÜÌÒAV with allocated alternative content have a significantly lower CO? footprint compared to fossil-based alternatives, but show the same good quality and properties. For MDI raw materials, ÃÜÌÒAV already relies on mass-balanced products. As part of its comprehensive program to drive the transition to a circular economy, the company is gradually shifting its system offering to alternative raw material sources, including renewables.
Visit ÃÜÌÒAV's booth E28 at the MECC Exhibition & Convention Center in Maastricht to learn more about our solutions.
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.