Polyplastics to announce its new set of sustainability commitments

Polyplastics Group, a global leader in the development and production of engineering thermoplastics, has announced a broad-based sustainability strategy that calls for the company to achieve carbon neutrality by the year 2050.

The new set of commitments is aimed at reducing the company’s global environmental footprint and accelerating progress towards a cleaner and healthier world. The company will make the announcement at K 2022.

polyplastics is targeting sustainable technologies across two pillars of activity. First, the company is focused on how its products can enable customers to decarbonize its end products. Besides, Polyplastics is strengthening circularity across a wide range of its own chemical and production processes.

The drive to a circular economy includes the establishment of two carbon emission reduction goals. By 2030, Polyplastics, as a Daicel group, plans to reduce greenhouse gas (GHG) emissions by 50% compared to 2018. The company also targets a 46% reduction in its product carbon footprint (PCF) compared with 2013.

“As a leading material supplier, we’ve joined with the rest of the industry in rethinking and redesigning plastics so that we can deliver strong economic, social, and climate benefits,” said Yohei Iizuka, managing director of Polyplastics Europe GmbH.

Polyplastics is in the process of increasing its supply capacity to better meet its customers’ growing demand. Although this manufacturing capacity expansion presents a challenge in managing GHG emissions, the company will work to offset these through energy conversion, process streamlining, and the introduction of innovative technologies.