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Green technology

Covestro Launches Strategic Cooperation Agreement with Chinese PV Value Chain Partners

Strategic Insights

— 1 min read

Covestro, a leading materials manufacturer, has entered into a strategic cooperation agreement with five partners in China's photovoltaic (PV) value chain to advance sustainability in the solar power sector. The collaboration aims to facilitate the integration of circular economy principles in PV manufacturing, aligning with China's "double carbon" goals. This innovation platform, launched at the China International Import Expo (CIIE), aspires to leverage Covestro's diversified solutions and robust research and development capabilities to drive the green transformation of the PV industry.

Key Takeaways:

  • Covestro has partnered with five Chinese companies, including Jolywood (Suzhou) Sunwatt Co Ltd, Zhejiang Deyilong Technology Co Ltd, Changzhou Fusion New Material Co Ltd, Shanghai Institute of Microsystem and Information Technology of the Chinese Academy of Sciences, and COSCO Kansai Paint & Chemical Co Ltd, to advance sustainability in the PV industry.
  • The collaboration aims to integrate circular economy principles in PV manufacturing, aligning with China's "double carbon" goals, which target a reduction in carbon emissions and greenhouse gas production.
  • Covestro is leveraging its material expertise to enhance PV module production efficiency, introduce alternative raw materials, and tackle technical challenges in the PV industry.
  • The newly launched platform offers a wide array of material solutions, including coatings raw material, low-temperature photovoltaic silver paste polymer, and Decovery bio-based waterborne coating raw material.
  • Covestro's solutions aim to enhance power generation efficiency, reduce module weight, and extend the service life of PV modules, while contributing to a reduction in carbon footprint.

Statistics:

  • Covestro's coatings raw material solution can ensure that two-sided coated backsheets achieve a light transmittance exceeding 93%.
  • The use of Covestro's coatings raw material enables bi-facial PV modules to reduce their weight by 20% and increase power generation by 1.29%.
  • Covestro's low-temperature photovoltaic silver paste polymer solution can cure at temperatures below 200°C, contributing to a notable reduction in energy consumption.
  • Decovery bio-based waterborne coating raw material reduces carbon emissions by more than 20% and diminishes emissions of volatile organic compounds by over 20%.
  • The application of Decovery does not require any modifications to the painting process, thus preserving work efficiency.

Sources:

  • Covestro, website: https://www.covestro.com/en (no date provided)
  • Covestro, website: https://www.covestro.com/en (no date provided)
  • Original source: Covestro, website: https://www.covestro.com/en, Copyright Covestro 2023.

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