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Neste, Covestro and SK Geo Centric Cooperate for Renewable Attributed MDI in APAC June 20 2022

2022 Lucintel Composites Market Insights, June 20, 2022

Neste, Covestro, and South Korean petrochemical company SK geo centric are cooperating to enable the production of a major polyurethane raw material based on renewable raw materials via mass balance. The cooperation will see Neste provide SK geo centric with renewable Neste RE, an ISCC certified feedstock for polymers and chemicals made from 100% renewable raw materials, such as waste and residue oil and fats. SK geo centric will process this feedstock into benzene at the company’s facilities in South Korea and supply it to Covestro to use as raw material for methylene diphenyl diisocyanate (MDI) at its site in Shanghai, China. MDI is a key raw material for the manufacture of rigid polyurethane foam, which is a well-proven insulating material for buildings and used in the cold chain helping to save CO2 emissions and reduce energy consumption during its product life.

To identify growth opportunities in Polyurethane Foam Market: Trends, Opportunities and Competitive Analysis, please visit https://www.lucintel.com/polyurethane-foam-market.aspx