Page 173 - CW E-Magazine (3-12-2024)

News from Abroad

to dominate for the foreseeable future. evident in China,
In addition, MLT Analytics foresees undoubtedly chasing
increased globalisation of BSF for the BSF demand as
EV sector driven in part by governmental the country conti-
support measures. nues onwards with
its march towards
Market segmentation electrification of
The report segments the market into the transportation
high molecular weight polyethylene sector. “While we
(HMWPE) grades of molecular weight don’t expect all pro-
(MW) ranging from 400,000 up to less jects to proceed to
than two million, and ultra-high MW fruition, we could
grades (UHMWPE) of two million or potentially see up-
more. HMWPE grades are typically wards of 500,000
employed in BSFs, while key markets tonnes/year of addi-
for UHMWPE include machinery overall vehicle unit production stag- tional capacity if just a couple of the
components, medical implants, and lead nates and even declines in some deve- more tentative projects go ahead,”
acid battery separators. The latter is a loped markets. noted Mr. Moore. “The good news is
market forecast for long-term decline that the market should be able to absorb
as the share of internal combustion On the (U)HMWPE supply side, this new capacity in the pace of a few
engine (ICE) vehicles declines while a notable build-up of capacity is years,” he stressed.

Covestro and Deloitte jointly develop monetisation

framework for circular economy

Germany’s Covestro in association solutions. These are, for example,
with Monitor Deloitte has developed a working out end customer-rele-
monetisation framework that enables vant purchasing arguments or
investments in the circular economy. jointly implementing increasing
sustainability standards. Coves-
Innovation projects and circular tro’s projects from various busi-
solutions that receive investment must ness entities formed the basis
be economically viable. This can only for developing a model.
be achieved through the interplay of
consumers, producers, regulation, and A joint project team consist-
technical solutions. To achieve this, ing of employees from various
new approaches to the market launch Covestro business entities and
of products and solutions are needed, a mixed team from Deloitte led
as well as the development of em- by chemicals expert Kai Göbel
ployee skills and expertise. To this and Dr. Amadeus Petzke, Head
end, Covestro and Monitor Deloitte of Pricing & Monetization, ini-
2023 launched a joint project entitled tially collected concrete pro-
“Monetise Circular Economy”. This framework for market entry and com- jects on circular solutions across the
collaboration enabled Covestro to in- mercialisation of more sustainable, cir- Group. Three selected pilot projects
corporate relevant methods and exter- cular products and solutions. Secondly, formed the basis for the development of
nal perspectives into the entire deve- to create added value in partnership. a marketing and business development
lopment process. This includes, for example, develop- approach that serves both as a blue-
ing solutions with customers so that print for monetising Covestro’s circular
The project pursued two main ob- they in turn can create added value for products and for new business develop-
jectives. Firstly, to develop a scalable their customers with more sustainable ment at Deloitte.

Chemical Weekly December 3, 2024 173

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