Safety Achievements
Nineteen production and recycling facilities, all global R&D teams, and two site service teams received a triple zero award for zero recordable injuries, zero spills, and zero process safety events for the entire year.
Reduction in Energy Intensity and Maintenance CapEx
Compared to the first half of 2022, energy intensity decreased by approximately 45% and maintenance CapEx decreased by more than 35%.
Growth in Recycled Content Products
Sales of recycled content containing product offerings increased 47% versus the prior year and now represent 4% of the total company variable margin.
Positive Free Cash Flow
The fourth quarter saw the highest quarter of free cash flow generation in over two years with $64 million.
Strategic Agreement with Deepak Nitrite Limited
Agreement to supply a Polycarbonate license and production equipment to Deepak for $52 million, marking the start of a strategic partnership.