Covestro joins hands with SK geocentric and Nest to create a low carbon footprint MDI value chain in Asia Pacific
Views：958 Updated：2022-06-21
Covestro is working together
Korean petrochemical company SK geo centric
and Neste
by mass balance method
Based on renewable raw materials
Production of an important polyurethane raw material
Covestro joins hands with SK geocentric and Nest to create a low carbon footprint MDI value chain in Asia Pacific
In this collaboration, Neste provides SK geocentric with the renewable Neste RETM, an ISCC (International Sustainability and Carbon Certification) system certified polymer and chemical feedstock, which is 100% renewable Made from raw materials such as waste and grease residue. SK geocentric processes this raw material into benzene at its Korean plant and supplies it to Covestro's integrated base in Shanghai for the production of MDI.
What is MDI?
MDI (diphenylmethane diisocyanate) is an important raw material for the production of rigid polyurethane foam. As a mature thermal insulation material, the latter is widely used in the construction industry and cold chain equipment. In this way, CO2 emissions and energy consumption will be reduced during the product life cycle.
Covestro joins hands with SK geocentric and Nest to create a low carbon footprint MDI value chain in Asia Pacific
The first batch of renewable benzene leaves the port of Ulsan, South Korea © SK geo centric
The partnership marks the beginning of possible future collaborations between the three companies, with the goal of replacing fossil feedstocks with more sustainable feedstocks for the production of polymers and chemicals in Asia Pacific and beyond.
With the introduction of renewable solutions, we are entering the phase of scaling up their use in the chemical industry. This is critical for replacing the vast fossil resources that the industry currently relies on. To scale successfully, we need to collaborate along the value chain - this collaboration between three sustainability-minded partners is a model for the industry. ——Mercedes Alonso, Executive Vice President, Renewable Polymers and Chemicals, Neste
Replacing traditional petroleum-based fossil feedstocks with Neste RE can significantly reduce greenhouse gas emissions, thereby improving the carbon footprint of the polyurethane raw materials produced by Covestro and downstream industries. Neste RE is made from renewable raw materials such as waste or grease residue.
Covestro joins hands with SK geocentric and Nest to create a low carbon footprint MDI value chain in Asia Pacific
Su Zhiya also said: “It is attractive to customers that the use of such materials will help them achieve their respective climate goals. Another core advantage of this range is that it is a technically ready-to-apply solution. , which our customers can use immediately without major modifications to their plants.”
We are pleased to have completed the first export delivery of renewable benzene based on Neste RE, a 100% renewable raw material from Neste. This is the first such collaboration among our three parties in the Asia-Pacific region. SK geocentric will continue to actively cooperate with Covestro and Neste and we are committed to expanding this cooperation. ——Cui Woo-hyuk, Vice President of SK geocentric Aromatics Business Unit
Guided by its "Green for a Better Life" strategy, SK geocentric has announced an ambitious goal of achieving net zero emissions by 2050. To fulfill its corporate responsibility, the company will drive business transformation by expanding its portfolio of high-quality renewable products. SK geo centric will leverage the strong synergy between the three partners to respond to the growing global market demand.
Nest
Neste (Nasdaq Helsinki) is a leading global producer of sustainable aviation fuel and renewable diesel and develops chemical recycling technologies to address the plastic waste challenge. Neste creates solutions for tackling climate change and accelerating the transition to a circular economy, and has been included in the Dow Jones Sustainability Index and the top 100 best sustainable companies in the world for many consecutive years. In 2021, Neste's sales will be 15.1 billion euros.
SK geocentric
In 1972, SK geocentric started operating Korea's first naphtha cracker, laying the foundation for the development of its petrochemical industry. SK geo centric provides a wide range of automotive and packaging products and solutions required by customers and the market. Furthermore, through continuous R&D efforts and global expansion, SK geocentric is growing into a technology-based global chemical company.
