As part of a strategic collaboration, Covestro received a first delivery of 1,000 tonnes of renewable phenol from Borealis, produced with renewable hydrocarbons from Neste.
Borealis
Covestro receives first supply of certified renewable phenol for polycarbonates from Borealis
location, Porvoo, Finalnd, plant, petrochemical plant, air view, aerial view
Neste produces these ISCC Plus certified hydrocarbons from renewable raw materials. The hydrocarbons are then converted into ISCC Plus certified phenol by Borealis and used by Covestro to produce high-performance plastic polycarbonate in automotive and electronic applications.
Covestro CEO Dr Markus Steilemann said: "With this first supply, we are once again underlining our commitment to the increased use of alternative raw materials. In this way, we are leading carbon in a circle and are driving the circularity forward, which must become the new global guiding principle. By co-operating with upstream partners such as Neste and Borealis, we are showing how a sustainable value chain can work.”
Neste CEO Peter Vanacker added: “We are delighted to see our product helping Covestro to achieve this new milestone. It highlights the drop-in nature of our product and its fit for a continuously increasing number of demanding applications. Furthermore, it is showcasing how sustainability-focused collaboration among frontrunner companies – Neste, Borealis and Covestro – can make a positive impact even within a complex value chain.”
Borealis CEO Alfred Stern said: “Life demands progress. We are proud to be pioneers to deliver renewable phenol to our strategic customer Covestro. Together with our innovative value chain partner Neste we are at the forefront of driving the circular economy. This is how we re-invent for more sustainable living.”
Neste’s hydrocarbons can be used in existing production infrastructures and help replace fossil feedstocks. This makes it possible for companies such as Borealis and Covestro to produce more sustainable products with consistently high quality.
With the planned transformation of raw materials used in the company’s production, Covestro aims at helping key industries achieve greater sustainability and reduce their dependence on fossil resources. The project is part of a comprehensive programme with which Covestro and its partners seek to propel the transformation to a circular economy.