HOUSTON, March 14, 2022 /PRNewswire/ -- Kraton
Corporation (NYSE: KRA), a leading global sustainable producer of
specialty polymers and high-value biobased products derived from
pine wood pulping co-products, is pleased to collaborate with
SABIC, a globally diversified chemicals company, to produce ISCC
PLUS Certified renewable Styrenic Block Copolymers (SBC) at
Kraton's manufacturing facility in Berre, France.
The newly launched ISCC PLUS Certified renewable CirKular+™
ReNew Series expands Kraton's existing suite of solutions designed
to advance the circular economy. With up to 70% certified renewable
content, the ReNew Series offers customers the opportunity to use
the mass balance approach and adopt ISCC PLUS certification to
produce renewable products. Kraton successfully produced CirKular+
ReNew Series Hydrogenated Styrenic Block Copolymers (HSBC) at the
Berre plant earlier this year using SABIC's renewable butadiene
from the company's TRUCIRCLE™ portfolio of circular
solutions.
SABIC's certified renewable butadiene is derived from
animal-free and palm oil-free second-generation renewable
feedstock, such as tall oil co-product from the wood pulping
process in the paper industry, which is not in direct competition
with human food and animal feed production sources.
According to the cradle-to-gate lifecycle assessment, from
sourcing, the raw feedstock to producing the monomer, each kilogram
of the company's certified renewable butadiene reduces
CO2 emissions by an average of 4 kg compared to
fossil-based virgin alternatives. Additionally, each ton of this
butadiene also cuts fossil depletion by up to 80 percent.
"Kraton's ambition is to enable the bioeconomy and play a role
in advancing the circular economy. Value chain collaboration is
instrumental in achieving progress towards a circular economy.
Kraton is excited to collaborate with SABIC in using certified
renewable butadiene. It enables us to develop and produce Styrenic
Block Copolymers with up to 70% of certified renewable raw material
content," said Holger Jung, Kraton
Senior Vice President, and Polymer Segment President. "This is an
exciting innovation for our customers as it can help reduce the
carbon footprint of fossil-based HSBC made in our Berre plant by up
to 65 percent".
Launched in 2020, the CirKular+ product line enables
high-performance, innovative solutions for the circular economy and
plastics upcycling using a holistic approach to product lifecycle.
These products help customers shift to renewable materials, improve
product performance, lower carbon footprint, and allow the uptake
of recycled plastics.
Mohammed Al-Zahrani, Vice
President, Chemical at SABIC, adds, "Sustainability in SABIC is
embedded across our organization and goes hand in hand with our
commitment to helping our customers and their customers meet their
sustainability targets. Developing more sustainable solutions
requires partnerships across the value chain. Our collaboration
with Kraton for renewable butadiene as feedstock for Kraton's
polymers is another example of working together towards our common
goals and confirms the broad interest from the chemicals industry
in developing sustainable solutions for the future. After SABIC's
earlier successes in developing certified renewable and circular
ethylene, propylene, and benzene, we are delighted to add certified
renewable butadiene to our TRUCIRCLE portfolio."
SABIC's TRUCIRCLE portfolio spans a range of products
and services, including design for recyclability, mechanically
recycled products, certified circular products from feedstock
recycling of used plastic, certified renewables products from
bio-based feedstock and closed-loop initiatives to recycle plastic
back into high quality applications and help prevent valuable used
plastics from becoming waste.
International Sustainability and Carbon Certification (ISCC)
PLUS certification is a globally recognized system that
provides traceability of recycled and renewable-based materials
across the supply chain and verifies that companies meet social and
environmental standards.
About SABIC
SABIC is a global diversified chemicals
company, headquartered in Riyadh, Saudi
Arabia. It manufactures on a global scale in the Americas,
Europe, Middle East and Asia
Pacific, making distinctly different kinds of products:
chemicals, commodity and high performance plastics,
agri-nutrients and metals. SABIC supports its customers by
identifying and developing opportunities in key end-use
applications such as construction, medical devices, packaging,
agri-nutrients, electrical and electronics, transportation and
clean energy. SABIC recorded a net profit of SR 23 billion
(US$ 6.15 billion) in 2021. Sales
revenues for 2021 totaled SR 174 billion (US$ 46.6 billion). Total assets stood at SR 318
billion (US$ 84.9 billion) at the end
of 2021. Production in 2021 stood at 58 million metric tons. The
company has more than 31,000 employees worldwide and operates in
around 50 countries. Fostering innovation and a spirit of
ingenuity, SABIC has 9,946 global patent filings, and has
significant research resources with innovation hubs in five key
geographies – USA, Europe, Middle
East, South Asia and
North Asia.
About Kraton Corporation
Kraton
Corporation (NYSE: KRA) is a leading global sustainable producer of
specialty polymers and high-value biobased products derived from
pine wood pulping co-products. Kraton's polymers are used in a wide
range of applications, including adhesives, coatings, consumer and
personal care products, sealants and lubricants, medical,
packaging, automotive, paving and roofing applications. As the
largest global provider in the pine chemicals industry, the
company's pine-based specialty products are sold into adhesive,
road and construction, and tire markets, and it produces and sells
a broad range of performance chemicals into markets that include
fuel additives, oilfield chemicals, coatings, metalworking fluids
and lubricants, inks and mining. Kraton offers its products to a
diverse customer base in numerous countries worldwide.
Kraton and the Kraton logo are registered trademarks
of Kraton Corporation, or its subsidiaries or affiliates, in
one or more, but not all countries.
Media Contact: Mariam Ottun; T: (346) 435-8042
Investor Relations Contact: Gene
Shiels; T: (281) 504-4886
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SOURCE Kraton Corporation