Bayer and Masdar agree to build eco-commercial construction

26 January 2010 12:09  [Source: ICIS news]

LONDON (ICIS news)--Bayer MaterialScience and Masdar, a wholly-owned subsidiary of the Mubadala Development Company, have signed a partnership agreement to build an EcoCommercial Building (ECB) prototype in Abu Dhabi, the Germany-based polymers and plastics major said on Tuesday.

The construction of an ECB prototype in Masdar City, expected to be a model for energy efficient and economic construction, would be used to develop Bayer MaterialScience’s ECB programme and would serve as an interactive communication, exhibition and training platform for a broad range of stakeholders with an interest in eco-commercial construction, it said in a statement.

“Buildings are responsible for more than 40% of global energy use and one third of global greenhouse gas (GHG) emissions. Clearly, there is a need to address this on a larger scale”, said Patrick Thomas, CEO of Bayer MaterialScience.

"This cooperation with Bayer MaterialScience, through their EcoCommercial Building Program, represents a significant step forward in our collaborative efforts with leading industry partners to advance the scope of construction solutions in the market that are both economically feasible and environmentally sustainable,” said Sultan Ahmed Al Jaber, CEO of Masdar.

($1 = €0.71)

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