• Actively explore and expand the application of mass balance MDI in Huafeng series products
• Reached new cooperation intentions and continued the successful cooperation at the previous two CIIEs
During the Sixth China International Import Expo, German materials manufacturer Covestro and Huafon Group signed a letter of intent for strategic cooperation to actively explore and expand the application of Covestro’s low-carbon raw materials in Huafeng’s series of products and jointly promote the development of circular economy.
According to the letter of intent signed at the Covestro booth, the two parties will work closely to jointly develop low-carbon solutions to help Huafeng reduce the carbon emissions and environmental impact of its polyurethane low-carbon series of products, including microfiber leather, thermoplastic polyurethane, and sole solutions , leather size and spandex, etc. The collaboration will focus on MDI produced by Covestro based on a mass balance approach, with a sustainable share resulting in a lower carbon footprint due to the use of alternative raw materials containing plant waste. MDI, diphenylmethane diisocyanate, can be widely used in footwear, automotive interiors, clothing and other fields.
Hermann-Josef, Global Head of Covestro’s Functional Materials Division
Doerholt said: “We are very pleased to continue to work with Huafon Group to pursue greener and low-carbon solutions. This fully demonstrates Covestro’s efforts to support customers and downstream industries to achieve sustainable development, and also It is consistent with China’s goal of achieving carbon neutrality by 2060. The signing of the letter of cooperation also demonstrates our mutual firm commitment to combating climate change and promoting the circular economy.”
You Feiyu, Chairman of Huafon Group, said: “The new strategic cooperation plan reflects our determination to create a more sustainable future. By working closely with Covestro, we hope to develop more innovative low-end Carbon solutions that help minimize the impact on the environment and drive the industry forward. At the same time, we look forward to working together to advance the issue of sustainable development on a global scale.”
Long-term cooperation, looking forward to reaching new heights
Huafon is an important customer of Covestro, and both parties have continued to promote cooperation over the years. Especially since Covestro participated in the CIIE for the first time in 2021, the cooperation between the two parties in promoting the development of circular economy has continued to deepen.
During the Fourth China International Import Expo in 2021, Covestro announced that it had signed its first mass-balanced MDI commercial order certified by the authoritative ISCC PLUS in the Asia-Pacific region with Huafon Group. 2022
In 2017, Huafon Microfiber (a subsidiary of Huafon Group), Covestro and other value chain partners reached two cooperations during the fifth China International Import Expo.
They respectively aim to promote the application of low-carbon polyurethane solutions in various industries and accelerate the commercialization process of circular material solutions in the furniture industry, laying the foundation for deeper cooperation in the future.
To learn more about Covestro’s material solutions, please visit the National Exhibition and Convention Center (Shanghai) from November 5 to 10, 2023, and visit Covestro’s “Creating a New Realm of Net Zero” CIIE booth 3B6-05.
About Huafeng:
Huafon Group was founded in 1991 and is now headquartered in Ruian City, Zhejiang Province. It is a top 500 Chinese company with new polymer materials as its main business and one of the world’s leading companies in polyurethane product materials.
The company now has 7 major industrial bases in Ruian, Zhejiang, Jinshan, Shanghai, Fuling, Chongqing, Qidong, Jiangsu, Hangzhou, Zhejiang, Sulawesi, Indonesia, and Tennessee and North Carolina in the United States, with more than 50 wholly-owned and holding companies under its jurisdiction, and 3 listed companies, 7 national manufacturing individual champions, 8 national-level green factories (products), 16 provincial-level smart factories (digital workshops), and 2 national-level and 10 provincial-level innovation platforms.
The company adheres to the core values of “common goals, joint entrepreneurship, common interests, and common development”, follows the development strategy of “strengthening the main business, moderate diversification, innovation-driven, and integrating industry and finance”, and adheres to “technology, mechanism, management, culture” The four major innovations are committed to promoting the transformation of the industry from petroleum-based to bio-based, carbon-neutral, degradable, water-based (solvent-free) and other modern green recycled materials, and products to quality, differentiation, lightweight, environmentally friendly and other value chains High-end transformation, striving to become a world-class new materials partner and a large enterprise group with brand influence.
Huafon Group shoulders the mission of “innovating life with new things”, establishes super supplier relationships with customers, creates business value for customers with quality products and services that meet and exceed customer expectations, and drives the development of the industry and industrial chain while helping customers succeed.
About Covestro:
Covestro is one of the world’s leading producers of high-quality polymers and their components. Relying on innovative products, processes and methods, Covestro helps promote sustainable development and improve the quality of life in many fields. Covestro serves customers around the world in important industries such as transportation, construction and living, and electronics and electrical. In addition, Covestro polymers are used in areas such as sports and leisure, cosmetics and medical health, as well as in the chemical industry itself.
The company is committed to being fully circular and aims to be climate neutral by 2035. 2022
Fiscal Year, Covestro Salesamounted to 18 billion euros. As of the end of 2022, Covestro has 50 production bases around the world and approximately 18,000 employees (calculated as full-time employees).
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