83

2021 INTEGRATED MANAGEMENT REPORT

WASTE GENERATION BY TYPE

We have a diversified value chain with a production and consumption model based on the use of raw materials, by-products and energy, as well as synergies between businesses and organisations.

This model is aligned with the principles of the circular economy and promotes the efficient and sustainable use of resources by acting on five basic pillars:

· Responsible consumption. · Waste recovery. · Optimising raw material consumption. · Reducing the impact on natural resources.

We have various kinds of waste that can be grouped based on the activity, typology and composition. These, in turn, can be classified as hazardous, non-hazardous or similar to municipal waste.

Our aim is to progressively reduce waste generated and landfilled. We promote specific actions, establishing management criteria in accordance with the waste hierarchy establi- shed by circular economy policies:

· Prevention: we segregate waste at source and take steps to reduce the amount and hazardousness of waste generated.

· Preparation for reuse: we select catalysts that can be regenerated as many times as possible and send them to authorised waste management companies for recycling at the end of their useful life.

· Recycling: we identify alternatives and authorised managers who can extract resour- ces from waste for the manufacture of new products.

Circular economy

NEW RANGE OF SUSTAINABLE PRODUCTS The Chemical business has launched a new range of sustainable products, introducing for the first time renewable and recycled raw materials for its two main products, LAB and phenol.

The business obtained certification under the ISCC+ (International Sustainability Carbon Certification) system for LAB, HAB and paraffin products at the Puente Mayorga plant. Similarly, in 2019 it achieved the same certification at its Palos de la Frontera plant for the production of phenol and acetone.

APPENDIX 4.6.4. Circular

economY

APPENDIX 4.6.4. Circular

economy