ÃÜÌÒAV at IFAT Munich 2024, the world's leading trade fair for the waste management industry
More circular integration with chemistry
- Focus on recycling technologies and cooperation with waste management
- ÃÜÌÒAV authorized as waste trader
- Chemical recycling as an integral part of the circular economy
At the IFAT Munich 2024 trade fair from May 13 to 17 in Munich, everything for ÃÜÌÒAV will revolve around waste management and recycling technologies. The company's aim is to close its material cycles and recycle more plastic waste. To this end, ÃÜÌÒAV for example recently created the legal requirements to purchase plastic waste itself and recycle it by registering as a waste dealer. At the joint stand of the German Association for Waste Management (DGAW) in Hall A6, the company invites customers as well as upstream and downstream partners to its stand 127/226 to make contacts and explore new collaborations.
"A paradigm shift and intensive cooperation along the value chain are needed for the transition to a circular economy to succeed. The chemical and waste management industries in particular must continue to grow together in the future in order to create synergies and develop solutions together," says CEO Dr. Markus Steilemann. "With innovative recycling technologies and now also as an authorized waste dealer, ÃÜÌÒAV is well equipped for this. We can now actively shape partnerships for waste management and a recyclate portfolio in the EU ourselves."
"IFAT brings together many established players in waste management. In addition to making new contacts, we also want to position chemical recycling, which is often still viewed skeptically, as an integral part of a modern circular economy. By participating in IFAT, ÃÜÌÒAV is demonstrating to many stakeholders the contributions our company wants to make to circular integration," says Tara Nitz, Manager Global Circular Economy and responsible for IFAT cooperation at ÃÜÌÒAV.
Broad portfolio of recycling technologies
In addition to various exhibits showing current examples of recycling solutions and partnerships, ÃÜÌÒAV uses the world's leading trade fair for the waste management industry to explain mechanical and chemical recycling technologies in order to create transparency and strengthen confidence in the efficiency of such developments. The company has many years of experience in the mechanical recycling of polycarbonates and thermoplastic polyurethanes (TPU) and only last year significantly expanded its capacities for the processing of mechanically recycled products in China and Thailand.
For ÃÜÌÒAV, chemical processes include chemolysis as a method for recovering raw materials under the influence of chemicals, smart pyrolysis at elevated temperatures and enzymatic recycling, in which microorganisms break down the chemical bonds. What they have in common is that the polymer molecules are converted back into the original raw materials, from which new products of the same quality as new goods can be created. The processes will be clearly explained at the ÃÜÌÒAV stand on the "Recycling Wheel".
At IFAT, ÃÜÌÒAV will also show how circular solutions in its product portfolio are becoming even more recognizable for customers. With the ¡°CQ¡± concept, ÃÜÌÒAV emphasizes the alternative raw material base for its products if it is at least 25 percent. ¡°CQ¡± stands for Circular Intelligence. With the new recycling technologies, the CQ portfolio is now growing even further. This includes the reuse of polyurethane mattress foam components ¨C the first chemical recycling initiative marketed by ÃÜÌÒAV under the name Evocycle? CQ.
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.