TAGS: Sustainability and Bioplastics Thermoplastic Composites
Solvay is launching a new Renewable Materials and Biotechnology platform, dedicated to developing innovative and sustainable solutions for a range of markets, using renewable feedstocks and biotechnology. The company is already a market leader in some bio-based products, including guar, bio-sourced solvents and natural vanillin, the latter of which is enabled by biotechnology.
Fourth Growth Platform: What It Is and Why It Is Important
The platform will accelerate the integration of sustainable renewable feedstocks into Solvay products. It will also enable the development of new approaches to manage the end-of-life of these products, which includes biodegradability by design. This presents enormous innovation potential, which Solvay is well positioned to leverage, both through internal expertise and strong links with customers and external innovation partners. Through open innovation and strategic alliances, Solvay intends to build new growth businesses that will benefit multiple markets, while also helping to address key societal and environmental needs. This includes providing formulations for agro and personal care, solutions for food and flavors, and advanced materials for transportation and aerospace.
The new platform will bring together several
Solvay businesses to help meet growing demand for sustainable solutions by increasing the share of renewable carbon in Solvay’s product offering and developing new business opportunities enabled by biotechnology. It complements Solvay’s three existing growth platforms, Battery Materials, Green Hydrogen and Thermoplastic Composites.
Through enabling the development of sustainable solutions based on renewable carbon, the platform will also play a fundamental role in the achievement of Solvay’s 2030 sustainability goals, set out in the Solvay One Planet sustainability roadmap. These goals include increasing the share of sustainable solutions in Group sales to 65% and more than doubling the share of Solvay products based on circular raw materials or energy in Group sales compared to 2018, as well as reducing greenhouse gas emissions by 30% by 2030.
Source: Solvay
