Sustainable business has to be profitable business
Sustainability and innovation are inextricably linked and never more so when we look at the winning entry under the category ‘best innovation in sustainability’, which for the first time, has been sponsored by Bayer MaterialScience.
Rhodia, part of the Solvay group, has developed an initiative which stands out as not just a thoroughly excellent concept in mining but one which captures the spirit of sustainability by going back to concept of effective recycling.
The company has created a unique proposition in its quest to create a rare earth recycling facility for low-energy light bulbs in France, which taps in to the 300 million used low-energy bulbs which are recycled in France each year.
Everything we do at Bayer MaterialScience is driven by innovation. Like Rhodia, we are acutely aware there also has to be a benefit to society, whether it is a new process that demands less energy or a new product which delivers further environmental benefits.
Sustainable business also has to be profitable business. We believe that the subject of sustainable development is itself developing and will continue to do so as we make more technological breakthroughs.
Bayer MaterialScience uses CO2 instead of petroleum for plastics production
The project, called Dream Production, is supported by funding from the German government and also involves energy provider RWE, which supplies separated CO2 from a coal-fired power plant. Other partners are RWTH Aachen University and the CAT Catalytic Center, a research facility that is run jointly by the university and Bayer.
Bayer MaterialScience has been chemically processing carbon dioxide from the energy industry at a pilot plant in Leverkusen, Germany, since the beginning of 2011. During this process, CO2 is used to create polyether polyols, an important component for the production of polyurethanes.
About Bayer MaterialScience:
Find more information at www.materialscience.bayer.com
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