Collaborative Innovations in Plastics Recycling for Construction
Revolutionizing Plastics Recycling in the Construction Sector
A recent collaboration between Sika and Sulzer establishes a joint venture dedicated to the advancement of plastics recycling within the construction industry. This exciting initiative combines Sika's deep knowledge in high-performance building materials with Sulzer's unmatched expertise in chemical recycling processes. The venture aims to create an independent company headquartered in the Zurich area, with each entity owning an equal share, and is set to launch operations in the latter half of 2025.
The Challenge of Construction Plastic Waste
The European construction sector produces nearly two million tons of plastic waste annually. The complexities involved in recycling these materials present significant challenges, including fragmentation and inefficiency. Many types of construction plastics are still discarded at the end of their lifecycle, with traditional mechanical recycling methods falling short in producing quality materials suitable for reuse.
Creating a Sustainable Future
This joint venture marks a pivotal moment for both companies as they transition the construction industry toward sustainable practices. By integrating both mechanical and chemical recycling techniques, Sika and Sulzer aim to create a system that not only collects and processes construction plastics effectively but also promotes their reuse.
Voices Driving Change
Ivo Schädler, Head of Construction at Sika, emphasized the importance of this project: "This joint venture is a critical step toward achieving sustainability and circularity in our industry. By converting waste into high-quality raw materials, we are not only addressing CO? emissions but also assisting companies in meeting rising ESG standards and creating new avenues for value generation. Together, we are committed to transforming the construction sector sustainably, benefitting both the industry and future generations."
Michael Schüepp, Head of Ventures at Sulzer, added: "The technologies we offer are vital for enhancing the efficiency and sustainability of critical infrastructures worldwide. This partnership will enable us both to significantly contribute to a functioning circular economy within the construction industry, promoting more cost-effective and eco-friendly practices through innovative recycling solutions."
Closing the Gaps in the Recycling Value Chain
The new venture is designed to bridge gaps within the construction value chain. By offering a comprehensive and cost-effective service package for recycling, customers will benefit from a seamless integration of local logistics and recycling partners. This collaboration will ensure that recycled materials are not just processed but also reintroduced into production cycles.
About Sika AG
Sika AG stands as a leader in the specialty chemicals market, concentrating on the creation and production of systems that enhance bonding, sealing, damping, and reinforcing in construction and industrial fields. With over 400 manufacturing locations across 102 countries, the company plays an influential role in the sustainable transformation of the building and transportation industries.
Employing more than 34,000 individuals, Sika achieved sales totaling CHF 11.76 billion in the fiscal year 2024.
About Sulzer AG
As a top international player in critical infrastructure applications, Sulzer prides itself on creating innovative solutions that enhance energy efficiency and reduce emissions across various industries. With a robust network comprising 160 production facilities and service centers globally, Sulzer remains committed to delivering exceptional performance and quality to its customers. Founded in Winterthur, Switzerland, in 1834, Sulzer's workforce of 13,500 generated CHF 3.5 billion in sales during 2024, and its shares are traded on the SIX Swiss Exchange (SIX: SUN).
Contact Information
For more information, reach out to:
Dominik Slappnig
Corporate Communications & Investor Relations
+41 58 436 68 21
slappnig.dominik@ch.sika.com
Frequently Asked Questions
What is the purpose of the joint venture between Sika and Sulzer?
The joint venture aims to enhance the recycling of plastics in the construction sector by combining the expertise of both companies in material applications and chemical recycling processes.
When is the joint venture expected to begin operations?
Operational activities are scheduled to start in the latter half of 2025, with pilot projects planned in several European countries.
How much plastic waste is produced yearly in the construction industry?
Approximately two million tons of plastic waste are generated in the European construction industry annually.
What benefits does this joint venture bring to the construction industry?
It promotes sustainability, reduces emissions, and creates opportunities for better recycling practices, ultimately leading to a more circular economy.
What is Sika's role in this partnership?
Sika brings its extensive expertise in high-performance building materials to the joint venture, helping to transform plastic waste into valuable raw materials.
About The Author
Contact Henry Turner privately here. Or send an email with ATTN: Henry Turner as the subject to contact@investorshangout.com.
About Investors Hangout
Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/
The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.