Sustainability Report 2023

Ingenuity and Innovation

A Scientific Approach

CPChem’s Research and Technology (R&T) teams work to build on our pioneering legacy to propel innovation and sustainability throughout the company and across the industry. R&T teams collaborate with industry partners and academic institutions to research, develop and assess emerging technologies like plastics recycling. Through the R&T Management Sponsored Research (MSR) program, researchers can propose pioneering ideas and apply for funding to accelerate the study, development and potential commercialization of new and novel approaches to sustainability. In 2023, more than one-third of CPChem’s MSR program funds were awarded to projects advancing the circularity of plastics.

A portrait of Venki Chandrashekar (Photo)

“The technological prowess and fervor of our Research and Development teams greatly strengthen our efforts directed toward climate change and enabling circularity. We are working to create more sustainable solutions with long-term benefits that extend beyond our business and into global communities.”

Venki Chandrashekar (he/him), Vice President, Research and Technology

CPChem encourages all teams to embrace imaginative ingenuity and celebrate and incentivize creativity and agility. In 2023, focused and collaborative ideation sessions established a pipeline of creative ideas and suggestions generated by employees and was linked to CPChem’s incentive pay program. Through 2024 and beyond, our CPChem teams will be charged with transforming ideas to reality and driving the evolution of the company.

A portrait of a woman with glasses smiling (Photo)
Two men holding the SPE award (Photo)
CPChem Employee Recognized with Fellow of Society Award

In January 2023, Vivek Rohatgi, CPChem’s Pipe Resin & Applications Technical Service Manager, received the Society of Plastics Engineers’ (SPE’s) Fellow of Society Award. SPE is a global community of plastics professionals active in more than 80 countries. The Fellow of Society Award acknowledges significant contributions in the fields of plastics engineering, science and technology.

In the 40 years since SPE’s Fellow of Society Award was established, fewer than 400 people have received this prestigious recognition. Vivek is the fourth CPChem employee to earn the SPE distinction.

 

  • Don Peters – 1987
  • Ashish Sukhadia – 2014
  • John Rathman – 2017
  • Vivek Rohatgi – 2023
A close up of a microscope (Photo)
Laboratory Revamp

CPChem’s Borger facility completed a $10 million upgrade to its laboratory in December 2023. The investment helped to modernize laboratory infrastructure and further equip the site to meet customers’ needs and expectations.

A collage of two pictures. One shows an employee looking through a magnifying glass inspecting something. The other one shows a plastic basket full of apples

Product Sustainability and Circularity

Product Sustainability and Circularity
A collage of two pictures. One shows an employee in a communication center with a walkie-talkie. The other one shows the top view of a container ship in a loading area

Transforming our Performance

Transforming our Performance

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