Covestro and mineral oil company Neste are forming a strategic alliance to promote the use of sustainable raw materials in plastics production, with a particular focus on the production of polycarbonates.
The alliance aims in the short term to replace several thousand tonnes of fossil raw materials used in the production of polycarbonates with more sustainable raw materials which will be produced by Neste using renewable hydrocarbons made entirely from renewable raw materials such as waste oils and fats. Covestro can then use these precursors to produce polymers.
“By transforming our production, we are helping important industrial sectors such as the automotive and electronics industries achieve greater sustainability and reduce the dependence on crude oil,” said Covestro CEO Markus Steilemann.