Page 34 - Plastics News October 2018

CompAny nEwS

Henkel commits to make all Clariant plans to divest

packaging recyclable by 2025 remaining plastics & coatings
business by 2020
ermany-based consumer goods company Henkel has
Gcommitted to make all of its packaging recyclable, lariant has announced
reusable or compostable by 2025 to further promote
a circular economy. In an effort to promote a circular Cthat by 2020 it plans
economy, the firm said it plans to use 35% recycled to sell the pigments,
standard masterbatches
and medical specialties
businesses. Clariant
signed a memorandum of
understanding with SABIC on
a collaboration opportunity in
the area of high performance
materials.The company plans to expand further by
focusing on customer-specific products and solution
offerings with better growth prospects and above
plastic for its consumer goods products in Europe, within average value potential. The company expects to
the same timeframe. Henkel executive vice president of deliver significantly higher sales of around CHF9bn by
human resources and sustainability council chair Kathrin 2021 after the creation of high performance materials
Menges said: “Only by reusing and recycling as much and the sale of the remaining plastics & coatings
material as possible will we be able to live well within business area.The planned combination of Clariant’s
the resource limits of our planet. This concept is at the additives and high value masterbatches (color, high
heart of our approach to sustainable packaging. “Together temperature resins and health care) and parts of
with our partners along the entire value chain, we want SABIC’s specialties business will create a provider
to include materials from sustainable sources into smart of highly customer-specific high peradditiormance
designs to close the loop – for the benefit of people and materials and solutions under the name high
the planet.” As part of its commitment towards circular performance materials.
economy, the firm plans to focus on three key phases of
a circular value chain. Clariant said the new business area will offer a
customer-specific, application know-how driven
Henkel said it intends to include an increasing share of
sustainable materials into its product packaging as well as and competitively advantaged product range of
focus on design principles that enable a circular economy. high-performance thermoplastics for demanding
For smart packaging design, Henkel plans to explore thermo-electro-optical and mechanical environments,
innovative solutions along the entire value chain. The firm specialty additives and masterbatches in tandem
said it seeks to reduce the amount of packaging material with an outstanding global compounding platform.
it uses while ensuring that it only uses packaging that is Major applications include smart electronics, health
absolutely essential. Additionally, in order to make sure care, aerospace, automotive, robotics, additive
product packaging can be recycled after usage, the firm manufacturing, renewable energy, and e-mobility.
plans sign partnerships to promote appropriate systems Clariant will have the majority interest in the intended
for recycling.The company is also considering explore business combination. Based on the definitive valuation
solutions such as refill systems to allow consumers to reuse which is to be identified by both parties in the coming
packaging. Henkel said that progress toward sustainable months, an equalization consideration will be made
packaging will only be possible if organizations from across to SABIC. Clariant CEO Hariolf Kottmann said: "The
industries and along the value chain work together “That’s portfolio upgrade together with the continuation of
why Henkel is collaborating with a variety of partners to Clariant’s strategy enables the Group to realize a
drive innovation in packaging development. significant step change into higher value specialties."

34
Plastics N
Plastics News October 2018ews October 2018 36