Circular Economy in Vehicle Production Gets Boost from German Ministry, Consortium
(IN BRIEF) A consortium of 19 leading industrial companies and research institutes, including BMW and Evonik, is working on developing new processes for using sustainable materials in circular vehicle production. Evonik is contributing its expertise in plastics and recycling additives to the project, which is funded for three years by the German Federal Ministry of Economics and Climate Protection. The goal of the project is to create innovative material concepts and processes for a circular economy in vehicle production. The knowledge gained from the project could be applied to other industrial products and drive circular economy systems in Germany.
(PRESS RELEASE) ESSEN, 30-Jan-2023 — /EuropaWire/ — Evonik (ETR: EVK), one of the world leaders in specialty chemicals, announces that it joins BMW’s “Future Sustainable Car Materials (FSCM)” Project with Plastics Expertise Leading industrial firms and research institutes collaborate on circular automotive solutions German Federal Ministry of Economics and Climate Protection funds the project
A 19-member consortium of prominent industrial companies, including BMW Group, Evonik, Thyssenkrupp, Fraunhofer Institute, and Technical University of Munich, is working to develop new processes for sustainable materials in circular vehicle production. Evonik is providing its plastics and recycling additive expertise to the project, which is funded for three years by the German Federal Ministry of Economics and Climate Protection.
The “Future Sustainable Car Materials (FSCM)” initiative, launched by BMW, aims to advance innovative material concepts and processes for a circular economy in vehicle production.
“We are pleased to contribute our specialty chemicals expertise to this pioneering consortium of industry leaders and internationally renowned research institutions to develop circular plastics solutions for the automobiles of tomorrow,” said Lauren Kjeldsen, Executive Board Member of Evonik Operations and Head of Smart Materials Division.
Circular economy principles call for materials to remain in the value chain after their useful life to produce new objects, like automotive parts, without fossil resources. Maintaining quality and safety while keeping materials in the cycle is a challenge.
“Our mechanical recycling experts work closely with recyclers to prepare methods for cleaning up plastic parts, such as separating paint at the end of useful life,” said Patrick Glöckner, Head of the Global Circular Plastics Program at Evonik. “We also work with compounders to develop solutions for using the highest possible proportion of recycled plastics in new automotive parts.”
This collaboration allows the consortium to quickly address challenges and find solutions. With the complexity of automotive manufacturing, the participants in the FSCM project believe the knowledge gained can also be applied to other industrial products, such as commercial vehicles, appliances, and drive circular economy systems in Germany.
For more information, visit http://evonik.com/circular-plastics.
INFORMATION ABOUT EVONIK’S GLOBAL CIRCULAR PLASTICS PROGRAM
The Evonik Global Circular Plastics Program pools the company’s knowledge of markets, products and processes to establish efficient plastics cycles. The aim is to recycle as much plastic as possible mechanically or chemically using the most ecologically and economically viable process. For both technology routes, Evonik offers key components with its specialties to serve the special needs in the circular plastics industry.
COMPANY INFORMATION ABOUT EVONIK
Evonik is one of the world leaders in specialty chemicals. The company is active in more than 100 countries around the world and generated sales of €15 billion and an operating profit (adjusted EBITDA) of €2.38 billion in 2021. Evonik goes far beyond chemistry to create innovative, profitable and sustainable solutions for customers. About 33,000 employees work together for a common purpose: We want to improve life today and tomorrow.
DISCLAIMER
In so far as forecasts or expectations are expressed in this press release or where our statements concern the future, these forecasts, expectations or statements may involve known or unknown risks and uncertainties. Actual results or developments may vary, depending on changes in the operating environment. Neither Evonik Industries AG nor its group companies assume an obligation to update the forecasts, expectations or statements contained in this release.
Media contacts:
Katja MarxStrategic CommunicationsPhone: +49 6181 59 13831katja.marx@evonik.com
Anna SchrieverHead of Market Communications,Interface & PerformancePhone: +49 201 177 3378anna.schriever@evonik.com
SOURCE: Evonik Industries AG
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