Covestro expands access to circular polycarbonate portfolio in the U.S.

• Covestro's polycarbonate compounding facility in Newark, Ohio, achieves ISCC PLUS certification
• Makrolon^® RE grades can contain up to 89 percent renewable attributed raw materials

PITTSBURGH, Nov. 15, 2023 /PRNewswire/ -- Covestro's Newark, Ohio, polycarbonate compounding facility has achieved ISCC (International Sustainability and Carbon Certification) PLUS certification, increasing availability of the company's mass balanced polycarbonate products in the U.S. This achievement comes on the heels of the certification of Covestro's Baytown, Texas, facility earlier this year and marks a major step forward in the path towards circularity for polycarbonates in the U.S.

Makrolon^® polycarbonate, which is compounded at Covestro's Newark facility, is a high-grade plastic used in the automotive, electronics and healthcare industries, among others. With its ISCC PLUS certification, the site will now be able to manufacture Makrolon^® RE grades, which are renewable attributed products. RE grades are produced using existing infrastructure, can contain up to 89% attributed bio-circular raw materials and have the same physical characteristics of conventional Makrolon^® polycarbonate. Makrolon^® RE grades are part of Covestro's broader CQ (circular intelligence) portfolio of products, and the ISCC PLUS certification expands the company's circular offerings available in the United States.

"This ISCC PLUS accreditation is an important milestone that offers added value to our customers and key industries," said Samir Hifri, chairman and president of Covestro LLC. "Covestro's polycarbonate production in the U.S. is now more sustainable – from sourcing and production in Baytown to compounding the polycarbonate in Newark. Our Makrolon^® RE series is a preferred option for customers looking for solutions to reach climate goals."

Learn more about Covestro's ISCC PLUS certifications in the U.S.: https://www.covestro.com/en/company/covestro-worldwide/united-states/covestro-in-the-united-states/sustainability-and-innovation/iscc-plus-certification

Covestro's Newark, Ohio, site is the company's premier polycarbonate compounding facility in North America and one of six Color Competence and Design Centers globally. The facility, which is home to approximately 150 employees, produces polycarbonate and polycarbonate blends and offers technical expertise in color matching and design.

"Our team in Newark understands the ambitious circularity targets set by Covestro globally," said Rich Rogers, Newark site manager. "Our employees recognize that we have a key role to play in making our products and production more sustainable. We are excited to contribute to the efforts in advancing Covestro's circularity journey."

ISCC PLUS-certified polycarbonates from Covestro's Newark facility will be produced using a mass-balance approach in the existing production infrastructure, ultimately reducing the carbon footprint of the final product. Covestro could begin supplying select ISCC PLUS-certified products from its Newark facility in 2024.

ISCC is an internationally recognized sustainability certification for biomass and bioenergy. The standard applies to all stages of the value chain and is recognized worldwide.

About Covestro:
Covestro is one of the world's leading manufacturers of high-quality polymer materials and their components. With its innovative products, processes and methods, the company helps enhance sustainability and the quality of life in many areas. Covestro supplies customers around the world in key industries such as mobility, building and living, as well as the electrical and electronics sector. In addition, polymers from Covestro are also used in sectors such as sports and leisure, cosmetics and health, as well as in the chemical industry itself.

The company is committed to becoming fully circular and is striving to become climate neutral by 2035 (scope 1 and 2). Covestro generated sales of EUR 18 billion in fiscal 2022. At the end of 2022, the company had 50 production sites worldwide and employed approximately 18,000 people (calculated as full-time equivalents).

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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.

Contact:
Russell Glorioso
Telephone:
+1 412 525 9330
EMail:
Russell.Glorioso@covestro.com 

SOURCE COVESTRO LLC