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covestro.com
Covestro’s Innovation,
collaboration and partnership
for sustainable Petrochemical
Business
SMART MATERIALS for Sustainability
Dr. Yogendra Chauhan
Technical Director ( IT & Appliances)
Global Industrial Marketing, Polycarbonates
31August, 2016, Shanghai, China
S&P Global Platts Petrochemicals
Markets Asia conference
Bayer MaterialScience is now Covestro
Since September 2015, Bayer MaterialScience
has been an independent company, operating
under the new name Covestro. We continue to
be a leading supplier of high-value polymers
and innovative solutions for key sectors such
as transportation, construction, electronics,
furniture, sports equipment and textiles. With
our products and applications we want to fulfil
our new vision: to make the world a brighter
place.
The separation enables us as Covestro to
deploy our existing strengths even more
rapidly, effectively and flexibly in the global
competitive arena. Independence gives us the
opportunity to build our position as a pure-
play polymers producer.
August 16 │ Proprietary & Confidential 2
A New Identity
Covestro – Familiar yet brandnew
3
A well-known member of the chemical industry with a new name
Shaped by our history …
• 80 years expertise in Polyurethanes,
Polycarbonates, Coatings
• ~16,000 employees
• 8 main production sites
• 3 innovation hubs in Americas, APAC, Europe
• 2014 Sales of € 11.7 bn
… Defined by our future
To make the world a brighter place
• We inspire innovation
• Reduce our impact on environment
• Drive growth
through profitable technologies
with products that benefit society
October 20 Materials Innovation on Plastic Industry
Covestro – well-known, yet brandnew
August 16 │ CPCIC Shanghai 2015 4
Leading global player in polycarbonate and polyurethanes
We have a global footprint …
in sales, production & innovation
• ~17,000 employees
• 8 main production sites
• 3 innovation hubs in Americas, APAC,
Europe
• 2014 Sales of € 11.7 bn
… with a rich legacy and focus on China
Strong local presence
• Covestro’s worldwide largest production site
with 10 years safe operations
• Regional Innovation hub at PRDC
• 2,500 skilled employees
• Global PCS Business Unit HQ in Shanghai
• A founding member of AICM’s RC initiative
High-value materials To make the world a brighter place
Polyurethanes
Raw materials
for rigid and
flexible foams
Polycarbonates
Granules and
sheets for a
wide variety of
applications
Coatings, Adhesives
& Specialties
Raw materials
for coatings,
adhesives and
specialties
The world is changing
Changes will need innovative materials
Population growth
• The world gains one billion people
every 14 years
• Someone born in 2030 can potentially
reach the age of 130
Climate change and scarce resources
• Max. and min. temperatures over land have
increased on a global scale since 1950
• The global demand for energy will double by
2060
Urbanization and mobility
• By 2050, two thirds of the world’s
population is projected to be urban
• The number of cars will quadruple by
2050 – and so will CO2 emissions
6 December 16, 2015 Covestro Bayer Sustainable Development Forum
These changes shape the needs of entire
industries and value chains
Lightweight &
corrosion
protection in
transportation
Energy
efficiency
in construction
Cost
effectiveness in
renewable
energies
Eco-efficient
production
processes
High performing
materials for
convenience
& health
Enabling
materials
in electronics
7 December 16, 2015 Covestro Bayer Sustainable Development Forum
Chemical industry as an enabler Sustainable operations and products enable other industries
to enhance their own sustainability performance
Insulation
& glazing
solutions
Coatings &
films
Water/Food
packaging
Increased
resource
efficiency
Operations Products & Applications (selected examples)
Reduced
emissions
Alternative
raw
materials
Synthetic
wood
Viscoelastic
materials
Composite
materials
8 December 16, 2015 Covestro Bayer Sustainable Development Forum
Quest for sustainability in production drives
innovation Covestro innovative materials based on novel production process
Improved processes save waste,
energy & capital
• Chlorine production: ODC* uses
30% - 50% less energy
• HDI gas phase uses 60% less
energy
• TDI gas phase uses 60% less
energy
• Melt PCS process uses 20% less
energy
ODC*: Oxygen Depolarize Cathode 9 December 16, 2015 Covestro Bayer Sustainable Development Forum
Sustainable products for innovative applications Covestro materials for novel energy systems & increased energy
efficiency
Increasing cost-efficiency in renewables
Wind Blades
• Development of stronger, tougher, lighter composite
materials for faster, more cost efficient manufacturing
processes of wind blades
Towers & Nacelles
• Improved corrosion resistance with advanced coating
raw materials for towers & structural foam for nacelle
manufacturing
Increasing energy-efficiency in public transport
Interior tram wall paneling
• Polycarbonate sheets enable light weight for energy
saving
• PC sheets protect passenger safety due to flame
retardant properties and durability
10 December 16, 2015 Covestro Bayer Sustainable Development Forum
Sustainable raw materials for innovative
products Covestro is rethinking its raw material base
From pollutant to raw material
• Covestro is integrating CO2 into the
production chain
• Dream production: CO2 as raw
material for polyols
• Technical and commercial viability
of CO2-containing PU foam proven
in two-year test phase
11 December 16, 2015 Covestro Bayer Sustainable Development Forum
At Covestro sustainability principles govern
our targets
People Planet Profit
Serving people
• improve well-being
• enhance safety
• support social
progress
Reducing impact
• responsible use of
resources
• close material cycles
Creating value
• need-based solutions
for markets
• safeguarding growth &
jobs
12 December 16, 2015 Covestro Bayer Sustainable Development Forum
This requires a comprehensive view at the
full life cycle of our products…
11 December 16, 2015 Covestro Bayer Sustainable Development Forum
Eco-friendly production
April 26 │ Covestro Property. All rights reserved 14
Sustainability
Covestro aims to reduce its specific CO2 emissions by 50% by 2025.
The company is
constantly working
to improve its
production
processes and
increase its energy
efficiency.
covestro.com
Chapter 2 Sustainability x DESIGN
April 26 │ Covestro Property. All rights reserved 16
LCA Study (Life-cycle assessment)
Case study: automotive Glazing
April 26 │ Covestro Property. All rights reserved 17
Full Considerations
LCA Study (Life-cycle assessment)
From Production to End of Life, 150,000km Use
April 26 │ Covestro Property. All rights reserved 18
Full Considerations
Recycling
19
More than one Life
MORE THAN ONE LIFE
Water bottles made of polycarbonate can be
filled many times. Even then, their use has not
come to an end.
• Polycarbonate can be recycled for such things as car
bodywork parts and housings for laptops.
• The quality of the recycled materials is not inferior to that of
virgin material for the targeted application profile.
April 26 │ Covestro Property. All rights reserved
Recycling
20
More than one Life
Once a water
bottle, tomorrow a
part of a car –
many materials
from Covestro can
be recycled.
Closed production
cycles protect the
environment.
Turning old into new
April 26 │ Covestro Property. All rights reserved
Reduce Complexity
Non-Painting, Non-Plating, Non-Printing
April 26 │ Covestro Property. All rights reserved 21
Less is More
Inherent colors, textures, even Functions
1. Brilliant colors
2. Translucent colors
3. High Reflective White
4. Metallic effects
5. Phosphorescent and Fluorescent effects
6. Edge Colors
7. Light-stable brilliant colors
8. UV Cut-Off for Sun Glass
9. Infrared light absorption colors
10. Infrared light transmission colors
April 26 │ Covestro Property. All rights reserved 22
Less is More
Black color with Infrared light transmission
Laser Marking
April 26 │ Covestro Property. All rights reserved 23
Less is More
Inkless, high flexibility
Higher efficiency, Lower weight
April 26 │ Covestro Property. All rights reserved 24
Innovation
Higher efficiency, Lower weight
April 26 │ Covestro Property. All rights reserved 25
Innovation
100% Clean Energies – Solar Impulse
April 26 │ Covestro Property. All rights reserved 26
Innovation
SUN IN THE TANK
Covestro sponsors the Solar Impulse
project – flying without fuel.
• ultra-lightweight polyurethane foams for the
cockpit and batteries
• extremely thin polycarbonate sheets for cockpit window
• specialty adhesives for composite material
covestro.com
Bio-based
Phenol as raw material for
Polycarbonate
27
Bio-based Phenol
Covestro´s aspiration re bio-based phenol
Our motivation
Covestro´s expertise in this field
Our offer to partners
Bio-based Sustainable and Innovative Solutions 28
Chemicals
Covestro´s aspiration re bio-based phenol
Our position in the value chain
Wood/
furniture
Construction
Sports/leisure,
cosmetics, health
Electrical/
electronics
Automotive/
transportation
Key industries Covestro Suppliers
Petro-
chemicals
Bio-based
chemicals
Inorganic raw
materials
Energy
Poly-
urethanes Poly-
carbonates
Coatings,
Adhesives
& Specialties
Basic
Chemicals
Bio-based Sustainable and Innovative Solutions 29
Chemicals
Covestro´s aspiration re bio-based phenol
Our position in the value chain
Wood/
furniture
Construction
Sports/leisure,
cosmetics, health
Electrical/
electronics
Automotive/
transportation
Key industries Covestro Suppliers
Petro-
chemicals
Bio-based
chemicals
Inorganic raw
materials
Energy
Poly-
urethanes
Poly-
carbonates
Coatings,
Adhesives
& Specialties
Basic
Chemicals
Bio-phenol (not available today)
Motivation
Expertise
Partner search
Bio-based Sustainable and Innovative Solutions 30
Covestro is interested to
purchase bio-based
Phenol, respectively one
with a lower carbon
footprint
Bio-based Sustainable and Innovative Solutions 31
Our motivation
Covestro´s sustainability position
Reduce impact on the planet …
… and increase profit for society
Our
operations
Our
logistics
Customer
operations
Use of
product
End-of-life
Our raw
materials
Drive development of PPP product solutions (People, Planet, Profit)
Reduce impact from
Reduce impact from…
Foster Life Cicle Thinking
Reduce impact from
Enable our partners
PEOPLE
PLANET
PROFIT
2020 target: Reduction of our specific CO2
emission by 40% (based on 2005)
2020 target: Actively drive initiatives that identify
cost-effective, renewable and bio-
based raw materials
CO2
CO2
Bio-based Sustainable and Innovative Solutions 32
Our motivation
Climate change
Coping with Challenges
CLIMATE CHANGE
Source:
(1) World Meteorological Organization - press release Geneva 26.05.2014
(2) Met Office - 2015 global temperature report 09.11.2015
(3) IPPC 5th Assessment Report
CO2
400ppm(1)
1°C(2)
(3)
Bio-based Sustainable and Innovative Solutions 33
Our motivation
Climate change report - relevance of purchased raw materials
Source figure: http://www.ghgprotocol.org/files/ghgp/Corporate Value Chain (Scope 3) Accounting and Reporting
Standard.pdf; Covestro data: CDP Climate Change 2015 Report from Bayer AG
35%
65%
Bio-based Sustainable and Innovative Solutions 34
Our motivation
Relevance of phenol for polycarbonate
kg
CO
2 e
q.
/ kg
po
lycarb
on
ate
ph
en
ol
ca.
40%
*
* calculation based on eco-profile values of
PlasticsEurope (http://www.plasticseurope.org/
plastics-sustainability-14017/eco-profiles.aspx)
bio
-co
nte
nt*
in
%
* bio-content calculated as bio-based carbon
content typically used for certificates according to
ASTM D6866
CO2 footprint bio-content
po
lycarb
on
ate
bio
-ph
en
ol
ca.
75%
*
%
Bio-based Sustainable and Innovative Solutions 35
Our motivation
2014 statistics & survey
bio-based drop-ins vs.
all bioplastics
>50%
bioplastics used for
packaging vs. non-packaging
bioplastics vs.
all plastic
material
<1%
>67%
future market
interest for bio-based
drop-ins in
non-packaging
application ?
STRONG
for bio-based
polycarbonate in specific
industries
Source:
www.bio-based.eu/markets
www.plasticseurope.org/Document/plastics-the-facts-2014.aspx
Source:
Global market study commissioned
by Covestro in 2014 / 2015 including
customer survey on sustainability
Bio-based Sustainable and Innovative Solutions 36
Our motivation:
contribute to coping with
climate change
be able to respond to strong
future interest in specific
industries
Bio-based Sustainable and Innovative Solutions 37
Covestro´s expertise in this field
Phenol market
46%
13%
28%
end uses for phenol 2015
BPA Nylon, KA Oil
Phenolic Resin Others
BPA
66%
31%
PC Epoxy Resin Others
Polycarbonate
Sources:
IHS e.g. IHS World Analysis Cumene, Phenol, Acetone 2016, ICIS, inter alia
Bio-based Sustainable and Innovative Solutions 38
Covestro´s expertise in this field
Potential routes to bio-based phenol
Biocatalysis Chemo catalysis / Classical intense separation
Sugars Precursor Benzene
Petro BTX Benzene Phenol Cumene
Biomass BTX
Phenol
Lignin
Lipids BTX
Furanics
Phenolics
Phenolics
Sources: Patent and literature search
Bio-based Sustainable and Innovative Solutions 39
Covestro´s expertise in this field
Bio-based phenol via fermentation - own development
GLUCOSE
CHO*
bacteria cell as a
chemical reactor
* precursor in the aromatic amino acid pathway
4HB PHENOL
new reactions
removed
reactions
min0 5 10 15 20 25
mAU
0
100
200
300
400
500
600
700
800
DAD1 E, Sig=280,16 Ref=360,100 (INJMA\ZTJUR_2012_09_14\FE02 40H.D)
Phenol
Bioreactor (1 liter)
Sources:
WO 2014/076113 and cav 3-2014, page 68f
Bio-based Sustainable and Innovative Solutions 40
Covestro´s expertise in this field
Economic and ecological assessment
Source:
Internal screening based on assumptions for a sustainable source of biomass
and an optimized process which would be the target of further developments
kg
CO
2 e
q. / k
g
pe
tro
- p
he
no
l
up to
50%
CO2 footprint reduction potential
€ COGM for bio-phenol
potentially lower, but
depends on petro vs.
sugar raw material cost
?
?
bio
-
ph
en
ol
Bio-based Sustainable and Innovative Solutions 41
Our offer to partners
Win-win partnership for a successful bio-phenol innovation
(scouting & assessment of routes, own R&D & IP)
available
(expertise in technical,
economic & ecological
assessment, sample testing
capacity)
(purchase agreement in case
of economic viability)
Bio-based Sustainable and Innovative Solutions 42
Our offer to partners:
significant demand
development cooperation
including groundwork &
expertise
Bio-based Sustainable and Innovative Solutions 43
covestro.com
High
Performance
enabled by
Nature
The first biobased diisocyanate
and a new building block for
polyurethane coatings:
pentamethylene diisocyanate
Resource
Scarcity
• Renewable material %
• Carbon footprint / LCA
• Regulations /
Certificates
• Corporate Image
• Product differentiation with
new raw materials
• Improve performance with
newly available raw
materials
• Technical breakthroughs in biotechnology
• Scarcity of fossil resources
• Process costs
Drivers for renewable raw materials
Much more than just a “nice to have” for sustainable marketing
Bio-based Sustainable and Innovative Solutions 45
Biobased Pentamethylene diisocyanate (PDI)
A new building block for polyurethane chemistry
• The first isocyanate with significant biocontent: 71% renewable carbon*
• The corresponding derivatives are similar to hexamethylene diisocyanate (HDI)
based ones, yet offer some advantages
• Produced very efficiently from biomass combining biotechnological and
chemical processes, e.g. energy efficient gas phase technology
• First diisocyanate in 30 years to be fully developed and scaled-up
High performance enabled by nature * Confirmed by radiocarbon method 14C
measurement according to ASTM-D6866 standard
Bio-based Sustainable and Innovative Solutions 46
Biobased Pentamethylene diisocyanate (PDI)
More energy efficient and with a better carbon footprint
• Bio-based and significantly improved carbon footprint cradle-to-gate in
comparison to HDI (internal assessment done, external certification in process)
• Bio-based process with significant improvement on energy efficiency
•
Refinery
Precursor 1
Precursor 2
HDI
HDA
1
2
3
Crude oil extraction
4
4 step petro-based synthesis vs
2 step bio-based synthesis
Carbon footprint* (GWP):
6,5 kg CO2 eq
* ALIPA industry average value / GWP: Global Warming Potential
Fermentation to PDA
PDI
1
2
Carbon footprint
under calculation
Biomass
Bio-refinery
CO
2
CO
2
CO
2
Bio-based Sustainable and Innovative Solutions 47
High performance enabled by nature
The first biobased polyurethane crosslinker
• Development of technology platform based
on PDI
• First PDI derivative launched April 2015 at the
European Coatings Show:
DESMODUR® eco N 7300, a polyisocyanurate
• Full REACH registration to be completed in 2016
• Capacity up to 20 kt from 2016 on in existing
facilities
• Innovation multi-awarded:
Bio-based Sustainable and Innovative Solutions 48
Desmodur® eco N 7300
Near drop-in with upside potential
* 70% renewable carbon, 14C measurement according to ASTM-D6866 standard
0
1
2
3
4
5Potlife
Drying
Compatibility
Pendulumhardness
Biocontent
Scratchresistance
Chemicalresistance
Weatheringresistance
Desmodur® eco N 7300 Desmodur® N 3300
5 e
xcelle
nt ↔
0 b
ad
*
Bio-based Sustainable and Innovative Solutions 49
Desmodur® eco N 7300
Multiple applications
… and much more! You can potentially use Desmodur® eco N 7300 wherever HDI trimers are used
High performance enabled by nature
Bio-based Sustainable and Innovative Solutions 50
• Market introduction of Desmodur eco
N7300 at European Coating Show 2015
• Samples available
• Commercial availability planned 2016,
global capacity up to 20kt in existing
facilities
• New technology platform based on this
new isocyanate in development
PDI & Desmodur® eco N7300
Summary
High performance enabled by nature Bio-based Sustainable and Innovative Solutions 51
100
eco
70 High performance enabled by nature
% performance
less emissions CO2
% bio-based
Bio-based Sustainable and Innovative Solutions 52
Forward-looking statements
Forward-looking statements
This presentation may contain forward-looking statements based on current
assumptions and forecasts made by Covestro AG. Various known and unknown risks,
uncertainties and other factors could lead to material differences between the actual
future results, financial situation, development or performance of the company and the
estimates given here. These factors include those discussed in Covestro’s public
reports which are available on the Covestro website at www.covestro.com. Covestro
assumes no liability whatsoever to update these forward-looking statements or to
conform them to future events or developments.
Bio-based Sustainable and Innovative Solutions 53
Our offer: The Impranil® eco family
Zero solvent & renewable synthetic material for textiles
Bio-based Sustainable and Innovative Solutions 54
PU skincoat with grain / texture
PU foamed body layer coating
tiecoat
textile substrate
PU finish IMPRANIL® eco DL 519
43±3% bio-based*
IMPRANIL® eco DLS
53±3% bio-based*
IMPRANIL® eco DLP-R
65±3% bio-based*
* % renewable carbon, 14C measurement
according to ASTM-D6866 standard
• Bio-based polyurethane dispersions to be used in
every layer of the synthetic material
• Performance matches existing products & the bio-
based versions can be dropped in directly with low
reformulation effort
Partnerships along the value chain
Covestro links chemicals to key consumer markets
Polymers &
Intermediates Applications Chemicals
CO2 CO2
Bio-based Sustainable and Innovative Solutions 55
56
TODAY’S SUSTAINABILITY
CHALLENGES REQUIRE
INNOVATION AND
COLLABORATION – LET’S
START TOGETHER TODAY
covestro.com
Thank you for
your attention
Dr. Yogendra Chauhan Covestro ( Shanghai) Mgmt. Co. Ltd,
12/F, CITI Group Towers,
33, Hua yuan Shiqiao Road, Pudong, China- 200120
Tel: +86-21-80208104
Forward-looking statements:
This presentation may contain forward-looking statements based on current assumptions and
forecasts made by Covestro AG.
Various known and unknown risks, uncertainties and other factors could lead to material differences
between the actual future results, financial situation, development or performance of the company
and the estimates given here. These factors include those discussed in public reports of Covestro
and Bayer which are available on the Covestro website at www.covestro.com as well as on the
Bayer AG website at www.bayer.com.
Covestro assumes no liability whatsoever to update these forward-looking statements or to conform
them to future events or developments.