Climate change: German plastics firm works with Chinese carmakers to recycle parts

Quick Summary:

German plastic materials maker Covestro is stepping up efforts to collaborate with vehicle makers and recycling partners to reuse plastic car parts in China to reduce the carbon and resource footprint of its products.

Investors need to be encouraged to acknowledge that the long-term benefits of being a first-mover in building materials recycling into their business models will more than offset any short-term profit reduction, Bailey said.

Over 100 used vehicles are targeted in the initial stage of the pilot, which aims to save resources and reduce greenhouse gases emitted during the production and disposal of raw materials, Naberfeld said.

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Article Details

Author / Journalist: Eric Ng

Category: Business

Markets: Hong KongAustriaChina

Topics: Materials Covestro Plastic Global Carbon Chain Recycling Vehicle Plastics Applications Production

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-23 @ 07:30:08 (7 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 756 words

Reading Time: 5 minutes read

Sentences: 18 lines

Sentence Length: 42 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 21740431

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