Page 66 - Plastics News July 2024

BUSINESS NEWS

Covestro teams up with Alibaba Cloud

to advance sustainable plastics trace-

ability

♦ Joint solutions to enhance supply chain trans- consumer products leveraging digital technology
parency of sustainable plastics such as blockchain. It also provides an end-to-end
♦ Carbon accounting and tracing platform em- solution for industrial companies to measure and
powered by digital technology optimize their carbon footprint across their produc-
tion lifecycle.
♦ Proven use case in the consumer goods sector
“As a materials manufacturer with a high focus on
sustainable material innovation, Covestro is com-
mitted to driving circularity and climate neutrality.
Our collaboration with Alibaba Cloud marks a sig-
nificant milestone in our journey towards a circular
and climate-neutral future,” says Lily Wang, Global
Head of the Engineering Plastics Business Entity, at
Covestro. “With our joint solutions, we are support-
ing our customers to improve their supply chain
transparency while building trust among environ-
mentally conscious consumers, thereby driving in-
dustries towards a greener future.”

riven by rising consumer expectations and “We are proud to partner with Covestro in pioneer-
regulatory requirements, it’s becoming in- ing sustainable solutions that drive positive environ-
Dcreasingly essential to measure the utiliza- mental impact,” says William Xiong, Vice President
tion of sustainable materials and their associated of Alibaba Cloud Intelligence. “By leveraging our
carbon footprint data along the value chain. Achiev- advanced cloud infrastructure and expertise in sus-
ing this goal demands not only close collaboration tainability technology, we are enabling value chain
across the value chain but also the availability of partners to trace materials with enhanced trans-
tools to enable traceability. Materials manufacturer parency and efficiency as well as to optimize their
Covestro has embraced this challenge by forging a carbon footprint to achieve their sustainability tar-
partnership with Alibaba Cloud, the digital technol- get. This partnership exemplifies the transformative
ogy and intelligence backbone of Alibaba Group. power of technology in creating a more sustainable
Together, they will provide downstream industries future.”
starting in Asia with essential solutions and tools to The joint solutions offered by the two parties have
enhance supply chain transparency through ena- already been implemented in the consumer goods
bling carbon accounting and tracing for sustainable sector. For example, Covestro collaborated with
materials. China’s leading beverage maker Nongfu Spring to
Under this partnership, one of Covestro’s key roles is recycle its 19-litre water barrels into post-consumer
to provide more sustainable plastic solutions along recycled polycarbonate.
with their carbon footprint data. Alibaba Cloud’s Source - Covestro
Energy Expert, an AI-driven sustainability platform,
plays a crucial role in realizing the whole life cycle
emission accounting from recycled materials to final

68 PLASTICS NEWS July 2024