UPM and Dongsung Chemical announce strategic partnership to develop renewable products using bio-based raw materials

UPM and Dongsung Chemical announce a development partnership that will accelerate the introduction of renewable, sustainable forest-sourced materials into the Asian market and reduce fossil resource consumption.

Dongsung Chemical, headquartered in South Korea and UPM Biochemicals, headquartered in Germany have agreed to form a strategic partnership to develop renewable products using bio-based raw materials, initially for footwear materials. Dongsung Chemical has signed a Letter of Intent for this strategic partnership to develop a renewable polyurethane product based on UPM Biochemicals’ biobased mono-ethylene glycols (MEG), UPM BioPura™.

UPM is investing 750 million Euros to build the world’s first industry scale biorefinery at Leuna in Saxony-Anhalt, Germany, to convert sustainably sourced, certified woody biomass into next generation biochemicals. The facility aims to produce 220,000 tonnes annually in total. Bio-MEG is one of the outputs. UPM targets the start-up for end 2023.

Through this partnership, the two companies will actively cooperate in the development of eco-friendly products using Bio-MEG, targeting the Asian market and its vast textile and footwear industries. Dongsung Chemical plans to diversify its portfolio by advancing eco-friendly product lines, integrating UPM’s Bio-MEG into its production. Aim is to apply it first to footwear materials and then expanding the field of application to automotive interior materials and adhesives.
more at: https://www.upm.com/about-us/for-media/releases/2022/08/upm-and-dongsung-chemical-announce-strategic-partnership-to-develop-renewable-products-using-bio-based-raw-materials/

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