More news
- Asian paint regulatory round up – Indonesian exterior paint still uses lead, warns W...
- Nigeria’s paint industry navigates regulatory changes and economic challenges amid p...
- Focus on the global coatings market: Global coatings market outlook
- Innovative coatings mitigate effects of deepening climate change
- Ask Joe Powder – October 2024
Covestro has commenced operations at its first dedicated mechanical recycling (MCR) compounding line for polycarbonates at its integrated site in Shanghai, China. This line is set to produce more than 25,000t of premium-quality polycarbonates and blends containing mechanically recycled materials annually, in response to the growing demand for post-consumer-recycled (PCR) plastics, particularly in applications within the electrical and electronic products, automotive, and consumer goods sectors. “The launch of our MCR production line marks another significant stride in our journey towards achieving a circular economy and operational climate neutrality by 2035,” said Sucheta Govil, Chief Commercial Officer of Covestro. “Plastic waste recycling is pivotal in realising this vision and through the expansion of our recycled plastics production capacity, we aim to lead the way in driving sustainability across diverse industries.” Covestro is committed to supplying more than 60,000t of recycled-content polycarbonates annually in the Asia Pacific region by 2026, in response to robust market demand. Recently, the company also transformed an existing compounding line at its Map Ta Phut site in Thailand for mechanically recycled polycarbonate. “These investments enable us to meet the rising demand for PCR polycarbonates, enhancing our capacity and efficiency. With new or repurposed capacity now operational, we are better positioned to assist our downstream customers in their journey towards more sustainable products, expediting the transformation of industries towards a circular and climate-neutral future,” said Lily Wang, Head of Covestro’s Business Entity Engineering Plastics.
|