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Celanese and Mitsubishi Chemical Advanced Materials to Collaborate on Recycled POM Product Offering
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Celanese Corporation (NYSE: CE) has announced a collaboration with Mitsubishi Chemical Advanced Materials (MCAM) to develop mechanical recycling solutions for polyoxymethylene (POM). This initiative aims to create a new product called POM ECO-R, derived from both post-industrial and post-consumer sources, offering up to 30% recycled content. The partnership addresses customer demands for sustainable materials while ensuring product quality. Celanese's existing product, POM ECO-B, is bio-based but distinct from the recycled POM ECO-R.
Positive
Collaboration with MCAM to develop mechanical recycling solutions.
Introduction of POM ECO-R, offering up to 30% recycled content.
Addresses customer demand for sustainable material options.
Negative
Current bio-based POM option (POM ECO-B) may not appeal to all industries.
Risk of customer adoption challenges for new recycled product.
POM ECO-R would help customers meet material environmental, sustainability goals
DALLAS & ZURICH--(BUSINESS WIRE)--
Celanese Corporation (NYSE: CE), a global chemical and specialty materials company, and Mitsubishi Chemical Advanced Materials (MCAM), a leading global manufacturer of high-performance thermoplastic materials in the form of semi-finished products and finished parts, today announced a joint collaboration to further develop mechanical recycling solutions for both post-industrial and post-consumer sources of polyoxymethylene (POM), also known as acetal copolymer, to meet the requests from customers seeking recycled content options and carbon dioxide reductions while still maintaining product consistency, quality and performance.
Celanese and MCAM plan to work together to assess options to convert waste streams into marketable, end-product formulations so that Celanese can offer its customers sustainable options for scrap or end-of-life waste with assurances of closed loop material reuse.
In November 2020, Celaneseintroduced a sustainable polyacetal product offering known as POM ECO-B, a mass-balance, bio-based option which allows customers to realize reduction in carbon dioxide emissions in their end-use products and advance toward their renewable content goals. While POM ECO-B is commercially available now, not all customers or industries are ready to adopt bio-mass balance that comes with its carbon dioxide footprint reduction benefit.
Today’s joint announcement with MCAM builds upon Celanese’s sustainable product offerings by initiating development of a recycled content option of the Celanese Hostaform® / Celcon® POM product that will be marketed as POM ECO-R, a recycled content offering to be jointly developed with MCAM. MCAM would conduct the recycled feedstock collection, separation, and processing, while Celanese would provide the formulation, product technology and production capability. Celanese expects to offer to existing and new customers its POM ECO-R solution with a recycled content offering of up to 30 percent.
POM ECO-B, where the polymer itself is identical to its fossil-based twin but where the carbon feedstock is replaced with bio-based feedstock in a mass-balance approach, is different from POM ECO-R in that POM ECO-R would be derived from both post-industrial and post-consumer sources of POM to offer a recycled content solution.
“Celanese is a leading, global producer of acetal copolymer, and our industrial scale manufacturing capabilities for POM are ideally suited for helping customers in a range of industries – such as medical, automotive and consumer goods – to meet their strategic environmental goals,” said Tom Kelly, Celanese Senior Vice President, Engineered Materials. “Offering both bio-based POM content, which can be uniquely produced from waste products via bio-methane or from CO2 emissions, and recycled POM through a collaboration with MCAM, elevates the broad usability of POM as an ideal engineered material that can help our customers meet and achieve their sustainability goals.”
“MCAM has invested significantly in enabling closed loop opportunities for post-industrial and post-consumer POM waste streams. In partnership with raw material supplier Celanese and its extensive capacities, we can now offer a wide range of new opportunities to our customers to achieve their own sustainability goals, support CO2 reduction and work towards a climate-neutral economy,” said Markus Wehinger, Business Manager, MCAM Recycling Solutions.
Editor’s note: POM ECO-B is certified International Sustainability and Carbon Certification Plus (ISCC+).
About Celanese
Celanese Corporation is a global chemical leader in the production of differentiated chemistry solutions and specialty materials used in most major industries and consumer applications. Our businesses use the full breadth of Celanese's global chemistry, technology and commercial expertise to create value for our customers, employees, shareholders and the corporation. As we partner with our customers to solve their most critical business needs, we strive to make a positive impact on our communities and the world through The Celanese Foundation. Based in Dallas, Celanese employs approximately 7,700 employees worldwide and had 2020 net sales of $5.7 billion. For more information about Celanese Corporation and its product offerings, visit www.celanese.com.
About Mitsubishi Chemical Advanced Materials
Mitsubishi Chemical Advanced Materials is a leading global manufacturer of high-performance thermoplastic materials in the form of semi-finished products and finished parts. The company has 46 locations in 19 countries and more than 3,000 employees. Its specialty engineering thermoplastics, high quality recycled polymer materials, as well as carbon fiber and thermoset composite solutions, are superior in performance to metals and other materials and are used in a wide range of applications, primarily in the capital goods industry. MCAM helps move global engineering projects from prototype into production, addressing the high productivity and cost-effective needs of many key markets.
Forward-Looking Statements
This release may contain “forward-looking statements,” which include information concerning the company’s plans, objectives, goals, strategies, future revenues or performance, capital expenditures and other information that is not historical information. When used in this release, the words “outlook,” “forecast,” “estimates,” “expects,” “anticipates,” “projects,” “plans,” “intends,” “believes,” and variations of such words or similar expressions are intended to identify forward-looking statements. All forward-looking statements are based upon current expectations and beliefs and various assumptions. There can be no assurance that the company or its customers will realize these benefits or that these expectations will prove correct. There are a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements contained in this release. Numerous factors, many of which are beyond the company’s control, could cause actual results to differ materially from those expressed as forward-looking statements. Other risk factors include those that are discussed in the company’s filings with the Securities and Exchange Commission. Any forward-looking statement speaks only as of the date on which it is made, and the company undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date on which it is made or to reflect the occurrence of anticipated or unanticipated events or circumstances.
What is the purpose of the Celanese and Mitsubishi collaboration?
The collaboration aims to develop mechanical recycling solutions for polyoxymethylene (POM), creating a new recycled product called POM ECO-R.
What is POM ECO-R?
POM ECO-R is a new product developed by Celanese and MCAM that offers up to 30% recycled content, derived from both post-industrial and post-consumer sources.
When was POM ECO-B introduced?
POM ECO-B was introduced in November 2020 as a sustainable, bio-based product option.
How does Celanese ensure product quality in its sustainable offerings?
Celanese maintains product consistency and quality while integrating recycled content through its advanced formulation, product technology, and production capabilities.
What are the expected benefits of the POM ECO-R product?
POM ECO-R is expected to help customers achieve their sustainability goals by providing a recycled content option that reduces carbon dioxide emissions.
