The company announced a new manufacturing processes that integrates up to 40% post-consumer recycled content from end-of-life packaging products into its powder coating resins.
The energy-efficient, cost-effective way to convert the greenhouse gas into a wide range of chemical feedstock, spearheaded by NUS scientists, achieves cost reduction of about 30%.
By replacing fossil fuels with renewable resources, biomass balance products contribute to reducing greenhouse gas emissions and enabling a circular economy. BASF explains its Circular Economy Program in an effort to explain how the coatings industry and its approach to sustainability is changing and evolving to include the entire value chain.
Suitable for a broad range of applications, customers can now offer their high-performance products with externally verified sustainability benefits thanks to a mass balance approach.
The coatings industry, like many others, thrives on interconnectedness and shared value chains. By recognizing sustainability as a shared responsibility, understanding the interconnected needs throughout the value chain, and ensuring accountability, companies can drive meaningful change.
Many waterborne coating formulations utilize eco-friendly biopolymers, which have beneficial properties such as being biodegradable, and contain much fewer VOCs. Today, there are renewable materials that are worth consideration and greater investigation to further improve sustainability of products at the end of their useful lives; these materials are carbohydrate-based polymers produced from starch.
The investment strategy of the Icos Capital Fund IV will be focused on new and emerging technologies in the areas of sustainable industry, decarbonization technologies, circular economy, and sustainable food systems.