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Covestro, SK geocentric and Neste join forces to create a low carbon footprint MDI value chain in Asia Pacific

Company News > Covestro, SK geocentric and Neste join forces to create a low carbon footprint MDI value chain in Asia Pacific

Covestro, the Korean petrochemical company SK geocentric and Neste are working together to produce an important polyurethane raw material based on renewable raw materials through a mass balance approach. In this collaboration, Neste supplies SK geocentric with the renewable Neste RETM, an ISCC (International Sustainability and Carbon Certification) system certified polymer and chemical feedstock, which is 100% renewable Manufactured from raw materials such as waste and grease residues.


Covestro, SK geocentric and Neste join forces to create a low carbon footprint MDI value chain in Asia Pacific


SK geocentric processes this raw material into benzene at its Korean plant and supplies it to the Covestro Shanghai integrated site for the production of diphenylmethane diisocyanate (MDI). MDI is an important raw material for the production of polyurethane rigid foam, which is a mature thermal insulation material widely used in the construction industry and cold chain equipment. In this way, CO2 emissions and energy consumption will be reduced during the product life cycle.


The partnership marks the beginning of possible future collaborations between the three companies, with the goal of replacing fossil feedstocks with more sustainable feedstocks for the production of polymers and chemicals in Asia Pacific and beyond.


"With the introduction of renewable solutions, we are entering a stage of scaling up their use in the chemical industry," said Mercedes Alonso, executive vice president of Neste's renewable polymers and chemicals business. A large amount of fossil resources, which is critical. To successfully scale up, we need to build collaborations along the value chain - this collaboration between three sustainability-conscious partners is a model for the industry.”


Replacing traditional petroleum-based fossil feedstocks with Neste RE can significantly reduce greenhouse gas emissions, thereby improving the carbon footprint of the polyurethane feedstocks produced by Covestro and downstream industries. Neste RE is made from renewable raw materials such as waste or grease residue.


"I am delighted that through this partnership, we are able to continue to expand the market for sustainable alternative materials. We are thus able to offer our customers in the Asia-Pacific region more sustainable MDI products based on mass-balanced raw materials." Chief Commercial Officer, Covestro “It is attractive to customers that using such materials will help them achieve their respective climate goals,” said Sucheta Govil. Another core advantage of this range is that it is a technically direct An applied solution that our customers can use immediately without major modifications to their plants.”


Choi Woo-hyuk, Vice President of SK geocentric Aromatics Business Unit, said: "We are pleased to have completed the first export delivery of renewable benzene based on Neste RE, a 100% renewable raw material from Neste. This is the first such collaboration between our three parties in the Asia-Pacific region. SK geo centric will continue to actively cooperate with Covestro and Neste and we are committed to expanding this cooperation.”


Guided by its "Green for a Better Life" strategy, SK geocentric has announced an ambitious goal of achieving net zero emissions by 2050. To fulfill its corporate responsibility, the company will drive business transformation by expanding its portfolio of high-quality renewable products. SK geo centric will leverage the strong synergy between the three partners to respond to the growing global market demand.


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Compliance with a legal obligation when we use your personal information to comply with laws. For instance, we collect seller place of establishment and bank account information for identity verification purposes.

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Why do we have a privacy policy? 

Polynk.com (“we”) care about your privacy. Therefore, we always strive to protect your personal data in the best possible way and to comply with all applicable laws and regulations for the protection of personal data. In this policy, we want to inform you about how we collect and process your personal data in accordance with the EU regulation 2016/679 (“GDPR”) to guarantee an open and transparent processing of your personal data.

Who is responsible for your personal data?

Polynk.com, no 91320481MA215T1W6Q, is responsible for the processing of your personal data. The following is Polynk.com’s contact information: Telephone number: +86 0519 87108958 Address: Room 504, No.85 Shangshang Road, Kunlun Street, Liyang City, Jiangsu Province, China, PR

What personal data do we process? 

Polynk.com process information about you when you use Polynk.com’s webpage by saving cookies on your computer. The personal data we process about you are your IP address, your preferences and your activities on our webpage. The cookies collecting information about use of our website collect information in an anonymous form, including the number of visitors to the website, which country the internet connection is from, which web browser and version is used and the title on the pages they visited. If you play a video on our webpage, YouTube might save cookies on your computer depending on your settings. Please review YouTube’s Privacy policy for further information. If you do not want YouTube to save cookies on your computer, do not play any videos on our webpage since YouTube operates these videos. When you accept cookies on your computer you will provide us with your information. If you do not want cookies to be saved on the computer, you can prevent this by not accepting cookies to be saved on your computer. Please note, that if you deny functional cookies the webpage will have limited function.

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We process your personal data to be able to offer a functional webpage. These functional cookies are essential for your use of the webpage’s features. We also process information about your activities on our webpage over time for non-advertising purposes such as improving the site functionality, the website experience and to improve the website. We also process your personal data to help us remember your preferences such as language or location to create a better experience when visiting the webpage. Who has access to your personal data.  As a starting point, your personal data will only be processed by Polynk.com. Our IT suppliers might get access to the personal data and other information when developing and supporting our IT system. These IT supporters only process personal data on our behalf and never on their own behalf.

On what legal ground do we process your personal data? 

The legal ground for Polynk.com’s processing of your personal data by saving cookies on your computer is Polynk.com’s legitimate interest under, under article 6.1 (f) GDPR, to process your personal data in order allow you to navigate the site, use our features and for us to remember your preferences (functional and preference cookies). Analytic cookies are processed so that we can improve the webpage’s functionality and the website experience. You can always deny these cookies if you do not want us to save these on your computer.  

For how long will we process and store your personal data? 

Your personal data will be sorted out/erased according to the following: Functional cookies will be erased when the web browser is closed. Preference cookies will be erased after 100 days. Analytic cookies will be erased after two years.  

Transfer of personal data to third countries 

As a general principle, Polynk.com only processes your personal data within the EU/EEA. If your personal data would processed outside the EU/EEA, then we will make sure that such processing is either based on a decision from the Commission establishing that the country in question ensures an adequate level of protection or appropriate safeguards that ensure that your rights are protected or based on another ground for such transfer in accordance with GDPR.

Your rights 

Right to access to your personal data 

You are entitled to request information about which personal data we process about you and how the personal data is being processed. You also have the right to request a copy of the personal data we process about you.

Right to rectification

If you consider your personal data that Polynk.com process to be inaccurate, e.g. information concerning your name or address, you have the right to get the inaccurate information corrected and to get the incomplete information completed by providing us with the correct information.

Right to erasure

You have the right to request that your personal data is erased, e.g. if the processing is no longer relevant in relation to the purpose the information was collected for or if you recall your consent to the processing and there are no other legal ground for the process.

Right to limitation of processing

You have the right to request limitation of the processing of your personal data, with the exception for storage. Limitation of processing can be requested for example if you object to the accuracy of the personal data or if you consider the processing of your personal data to be unlawful.

Right to objection  

You have the right to object at any time concerning the processing of your personal data in accordance with article 6.1 (e) or (f) (legitimate interest) GDPR, including profiling based on those provisions. Where personal data are processed for direct marketing purposes, you have the right to object at any time to processing of personal data concerning such marketing, which includes profiling to the extent that it is related to such direct marketing. 

Right to data portability 

You have the right to obtain the personal data you have provided us with in a structured, commonly used and machine-readable format and have these transmitted to another controller, provided that the process is automatized and that the process is based on a consent or an agreement.  

Changes in this policy 

Polynk.com is entitled to amend this policy at any time if it is necessary to fulfill the requirements according to applicable laws and regulations or if it is necessary due to changes in Polynk.com operations.  In such a situation, Polynk.com will provide information concerning the changes according to applicable law. Applicable information will be available in this privacy policy, on the website of Polynk.com and/or provided in other appropriate ways.

Observance of GDPR

Do not hesitate to contact Polynk.com if you, for any reason, feel unhappy about our processing of your personal data. If you would still be of the opinion that your rights, according to GDPR, have not been satisfied you have the right to send a complaint to the regulatory authority. You will find more information concerning this on www.datainspektionen.se

Our contact details 

If you would like to contact us concerning our processing of your personal data or if you have questions concerning this privacy policy, you are welcome to contact us on gfy@polynk.com. Copyright (©) 2021 Polynk.com