Friday, August 19, 2022
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UPM and Dongsung Chemical announced a partnership through which they will develop renewable products by using bio-based raw materials. They have jointly decided to accelerate the introduction of renewable, sustainable forest-sourced materials into the Asian market and reduce fossil resource consumption.
UPM’s Bio-MEG is produced from sustainably sourced, certified hardwood obtained from forests in the regions around Leuna in Germany. The biomass does not compete with food resources and has a carbon reduction effect of min. 70% compared to fossil fuel-based MEG. UPM is actively working on further optimizing processes to enable carbon neutrality or even negativity of the product.
ManWoo Lee, CEO of Dongsung Chemical said, “Through the partnership with UPM, we are able to access a stable supply of innovative, next generation bio-materials and apply them to our major products. As Dongsung Chemical is focusing on carbon reduction projects according to its ESG management stance, we will continue cooperating with UPM to increase the proportion of bio-materials.”
Michael Duetsch, Vice President Biochemicals Operations said: “We are delighted to partner with Dongsung Chemical as it pursues its strategy to replace petrochemical-based raw materials with bio-based raw materials and reduce the carbon footprint of its products. UPM is building a world beyond fossils, and we will work with our partners at Dongsung to deliver outstanding solutions for their customers, who are also eager to reduce their carbon footprint.”
Dongsung Chemical continues to develop eco-friendly products and technologies with the goal of reducing carbon emissions by 10% by 2030. In June, it launched a biodegradable packaging material brand ‘ECOVIVA®’ and is planning to build pilot facilities for the development of various biodegradable products such as biodegradable functional films, adhesives, and foams.
Tags: bio-based, Dongsung Chemical, eco-friendly, firestry, fossil, paper mill, UPM Plywood, woodworking and manufacturing, woodworking industry
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