Covestro Advances Circular Economy with Innovative Product Design Solutions

Covestro Advances Circular Economy with Innovative Product Design Solutions

(IN BRIEF) Covestro is championing the circular economy by integrating sustainable design principles into product development. Recognizing the significant environmental impact of product design, Covestro leverages its expertise in high-performance materials to guide customers in adopting circular design practices. Their new IMAGIO® CQ digital sampling tool helps minimize material use, supporting dematerialization. Additionally, Covestro focuses on designing for longevity, modular design for easy recycling, and using low-emission circular raw materials. As regulatory bodies enforce stricter guidelines on product design, Covestro is well-positioned to lead the shift towards more sustainable and recyclable products.

(PRESS RELEASE) LEVERKUSEN, 9-Jul-2024 — /EuropaWire/ — Covestro, a leader in high-performance materials, is driving the shift towards a circular economy by emphasizing the importance of product design. In the current linear economy, products, especially plastics, are often not sustainably manufactured, used, or recycled, leading to environmental challenges. Covestro aims to change this by integrating circular design principles into product development.

Dr. Christopher Stillings, Head of Color & Design at Covestro, highlighted the critical role of design: “The design phase determines a large part of a product’s environmental impact. As materials experts early in the value chain, we are in a prime position to consult our customers and partners on using circular design principles.”

Covestro’s new IMAGIO® CQ digital sampling solution exemplifies this approach, enabling customers to minimize material use in the sampling process. This tool supports dematerialization, one of several areas where Covestro is focusing its efforts. Other key areas include designing for longevity, modular design for easier disassembly and recycling, and using circular raw materials with low emission footprints.

Regulatory bodies worldwide are increasingly emphasizing circular product design, with the EU and the USA implementing stricter guidelines and initiatives. Covestro is leveraging this momentum, offering solutions that align with these evolving regulations and promote sustainable practices.

By collaborating with designers and utilizing its extensive expertise, Covestro is at the forefront of advancing circular economy principles, aiming to make products more reusable, repairable, upgradeable, and recyclable.

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, telecommunications and health, as well as in the chemical industry itself.

The company is committed to becoming fully circular. In addition, Covestro aims to achieve climate neutrality for its Scope 1 and Scope 2 emissions by 2035, and the Group’s Scope 3 emissions are also set to be climate neutral by 2050. Covestro generated sales of EUR 14.4 billion in fiscal 2023. At the end of 2023, the company had 48 production sites worldwide and employed approximately 17,500 people (calculated as full-time equivalents).

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.

Media Contact:

Markus Kleine-Beck
Corporate Messaging & Content
markus.kleine-beck@covestro.com
+49 173 2320 686

SOURCE: Covestro AG