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MarketScreener Homepage  >  Equities  >  Xetra  >  Covestro AG    1COV   DE0006062144

COVESTRO AG

(1COV)
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Covestro : New electronic components made of used polycarbonate

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10/11/2019 | 04:11am EST
more imagesdownloadAt K 2019 Covestro is presenting a new concept for post-consumer recycled (PCR) polycarbonate waste and its use in the electronics industries, e.g. for the production of laptops.

A circular economy offers great opportunities for achieving sustainability goals and improving resource efficiency in the plastics industry. But it also holds great economic potential in the long term. Aiming to become a pioneer on the road to a future with alternative raw materials, Covestro is building material cycles along the entire value chain - from suppliers, through its own production and logistics, to the use of its products and their recycling.

Closing the carbon loop with recycled raw materials is a core element in the development of a circular economy. During the K 2019 plastics trade fair, the company will be presenting a new concept for post-consumer recycled (PCR) polycarbonate waste and its use in the electronics industries at Booth A 75 in Hall 6.

Focus on reuse
'Polycarbonate is used in many high-quality applications and is also very durable,' says Kayla Wu, marketing manager for electronics applications of polycarbonates in the Asia-Pacific region. 'The material is far too valuable to be disposed of after just one use.'

The market drivers for material recycling are the UN Sustainability Development Targets (UN SDGs), in particular target Number 11 for sustainable cities and settlements and Number 12 for sustainable consumption and production. But industry-specific standards in the electronics industry, such as eco-labels like the Blue Angel and the EPEAT electronics eco-label, CSR initiatives by companies and, last but not least, growing consumer interest in more sustainable products are also driving the development of recycling solutions.

Closed material cycle
The closed material cycle presented at K 2019 begins with the production of new, transparent polycarbonate at Covestro and its supply to a manufacturer of 5-gallon water bottles. This customer delivers the bottles to a water producer, which then provides the filled containers to consumers. They can be reused for up to approximately 50 times. At the end-of-life, they are being returned to the bottle manufacturer via the water producer through the same value chain. Then the bottles are shredded, cleaned and sorted.

After that, the quality of the post-consumer recyclate is checked and polycarbonate granulates produced. This recycled granulate is processed by Covestro - to form a polycarbonate blend which is used by OEMs to produce new laptops, copiers, printers, mobile chargers for smartphones and other electronic devices.

Creating value for all partners
The concept offers significant advantages over previous recycling approaches for thermoplastics. The collection and material sorting of post-consumer products has often been a challenge in the past. Fluctuations in quality have also often stood in the way of effective and economical recycling. However, all partners can benefit from the new concept and the business model behind it.

Not only is the electrical and electronics industry very interested in recycled raw materials; the automotive value chain, for example battery manufacturers, is also becoming increasingly committed to using more sustainable materials.

Reuse of PET bottles
In another project, Covestro is working with partners on the recycling of polyethylene terephthalate (PET) bottles together with polycarbonate. Both plastics are processed into a PC-PET blend from which new, high-quality products can be manufactured.

About Covestro:
With 2018 sales of EUR 14.6 billion, Covestro is among the world's largest polymer companies. Business activities are focused on the manufacture of high-tech polymer materials and the development of innovative solutions for products used in many areas of daily life. The main segments served are the automotive, construction, wood processing and furniture, and electrical and electronics industries. Other sectors include sports and leisure, cosmetics, health and the chemical industry itself. Covestro has 30 production sites worldwide and employs approximately 16,800 people (calculated as full-time equivalents) at the end of 2018.

Find more information at www.covestro.com.
Follow us on Twitter: https://twitter.com/covestro

Forward-looking statements
This news release may contain forward-looking statements based on current assumptions and forecasts made by Covestro AG. 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 Covestro'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.

Disclaimer

Covestro AG published this content on 11 October 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 October 2019 08:10:02 UTC

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Sales 2019 12 667 M
EBIT 2019 863 M
Net income 2019 558 M
Debt 2019 950 M
Yield 2019 5,18%
P/E ratio 2019 15,0x
P/E ratio 2020 14,4x
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EV / Sales2020 0,74x
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Markus Steilemann Chief Executive Officer
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