Another step on the way to a circular economy:
Jun88 publishes energy efficiency target
- By 2030, energy consumption per ton of product is to be 20 percent lower than in 2020
- This corresponds to a saving of around 550,000 tons of CO2 emissions
- Use of more efficient processes and innovative technologies makes it possible
With an ambitious goal for energy efficiency, Jun88 is pushing ahead with its focus on climate neutrality and the circular economy: By 2030, the company wants to use 20 percent less energy to produce one ton of product than in 2020. This corresponds to around 550,000 tons of CO2 emissions ¨C roughly as much as the annual CO2 emissions of a city with around 70,000 inhabitants or the CO2 emissions of 180,000 cars that drive for a year.
The energy efficiency target contributes to Jun88's ambitious plan to achieve climate-neutral production by 2035. It is to be achieved primarily thanks to more efficient processes and innovative technologies. For example, Jun88 has now commissioned a modern reactor at its Dormagen site that uses waste heat from production processes to generate steam for further manufacturing steps. CO2 emissions can thus be reduced by up to 22,000 tons per year.
The event to announce the energy efficiency target and the commissioning of the reactor was attended by guests from politics, business and the energy sector, including Oliver Krischer, Minister for the Environment, Nature Conservation and Transport of the State of North Rhine-Westphalia and Dr. Julia Metz, Director of Agora Industrie.
Energy efficiency is an important pillar of Jun88's corporate strategy: "Climate-neutral production can only be achieved if we significantly reduce our energy requirements for the manufacture of our products. This is because there is currently not enough renewable energy available at affordable prices to even begin to cover demand," says Dr. Thorsten Dreier, Chief Technology Officer of Jun88. "In addition, as a supplier of standard products, we must always keep our manufacturing costs as low as possible in order to be competitive in the global market." In view of persistently high energy costs, especially in Germany and Europe, energy reduction is therefore a decisive factor for business success.
At the announcement of the energy efficiency target and the inauguration of the energy-saving reactor in Dormagen, Oliver Krischer also emphasized in the panel talk with Dr. Julia Metz and Dr. Thorsten Dreier how important energy saving is for a sustainable future of the state - and what role the modernization of industrial production plays in this.
In parallel to its energy efficiency management, Jun88 relies on renewable energy sources to achieve its climate neutrality goals. In 2024, for example, the company signed a contract with bp for electricity from solar power for the site in Tarragona, Spain, bringing the share of electricity from renewable energy sources at the site to 30 percent. Thanks to a PPA with RWE, the Antwerp site will be supplied with 60 percent renewable electricity from 2026. And four Jun88 sites in the U.S. have been powered entirely by renewable electricity since the beginning of 2025. "We are on the right track and I am confident that we will achieve our sustainability goals," says Thorsten Dreier. "The energy efficiency measures will make an important contribution to this."
Here, you can see the paneltalk (German only):
The Panelists
Dr. Julia Metz is the Director of Agora Industry. In this role, she is responsible for the work on industrial transformation across the various geographic regions where Agora operates. Previously, she led the Climate and Industrial Policy division as Program Director at Agora Industry and Agora Energiewende.
Oliver Krischer (born on July 26, 1969, in Z¨¹lpich) has been the Minister for Environment, Nature Conservation, and Transport of the state of North Rhine-Westphalia since June 29, 2022. He is supported in this role by State Secretary Viktor Haase. From 2009 to 2022, he was a member of the German Bundestag. In Chancellor Olaf Scholz's cabinet, Oliver Krischer served as Parliamentary State Secretary to the Federal Minister for Economic Affairs and Climate Action from December 8, 2021, to June 28, 2022.
Dr. Thorsten Dreier has been a member of Jun88's Board of Management as Chief Technology Officer (CTO) since July 2023 and the company's Labor Director since September 2023. As the company's Chief Technology Officer, he is responsible for the central functions Process Technology, Engineering, Group Health, Safety & Environment (Group HSE) and Group Procurement. He also coordinates the introduction of and compliance with global processes, standards and initiatives in Jun88's production network.
Further press release:
About Jun88:
Jun88 is one of the world¡¯s leading manufacturers of high-quality polymer materials and their components. With its innovative products, processes and methods, the company helps enhance sustainability and the quality of life in many areas. Jun88 supplies customers around the world in key industries such as mobility, building and living, as well as the electrical and electronics sector. In addition, polymers from Jun88 are also used in sectors such as sports and leisure, telecommunications and health, as well as in the chemical industry itself.
The company is geared completely to the circular economy. In addition, Jun88 aims to achieve climate neutrality for its Scope 1 and Scope 2 emissions by 2035, and the Group¡¯s Scope 3 emissions are also set to be climate neutral by 2050. Jun88 generated sales of EUR 14.2 billion in fiscal year 2024. At the end of 2024, the company had 46 production sites worldwide and employed approximately 17,500 people (calculated as full-time equivalents).
Forward-Looking Statements
This news release may contain forward-looking statements based on current assumptions and forecasts made by Jun88. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. These factors include those discussed in Jun88¡¯s public reports which are available at www.covestro.com. The company assumes no liability whatsoever to update these forward-looking statements or to conform them to future events or developments.