Covestro

GermanyPart of XRGcovestro.com

Owner Investor / Financier Operator Developer Offtaker Technology licensor Technology / equipment supplier

projects tracked
24
active
8
countries
6
plants
26

Covestro is a Germany-based materials manufacturer specializing in high‑performance polymers for industrial applications. Formed in 2015 from the former Bayer MaterialScience business, the company operates a global network of production and R&D sites across Europe, Asia, and the Americas.

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Its portfolio includes polyurethane raw materials (such as MDI, TDI, and polyether polyols), polycarbonate resins and sheets, coatings, adhesives and specialty materials (including aliphatic isocyanates and polyols), thermoplastic polyurethanes, and specialty films. Covestro’s materials are used in sectors such as automotive and transportation, building and insulation, electronics and electrical, furniture and wood, healthcare, and a range of industrial applications. The company pursues process efficiency and circularity in materials, including recycling approaches and the use of alternative feedstocks.

Also known as Covestro Polymers, Bayer MaterialScience Taiwan, Bayer Taiwan, Covestro Taiwan Ltd., Covestro Taiwan and 2 more.

Projects Covestro is involved in

chemXplore tracks 24 projects involving Covestro, of which 8 are active.

  1. 4 projects Announced / Concept
  2. none FEED / Pre-FID
  3. 1 project FID / Sanctioned
  4. 2 projects Under Construction
  5. 1 project Commissioning & Start-up

Besides these 8, the record holds 16 completed projects.

Active projects

Closest to start-up first.

2 more active projects and the 16 that are completed, on hold or cancelled are in the record. See all 24 in chemXplore →

Expected start-up, by year
0 1 2 2026 2027 2028 2029 2030 2031

3 active projects carry no start-up date yet. The dates themselves, per project, are for subscribers.

What moved recently

Covestro in chemical industry news

15 October 2026
BioBTX wins €20.8m EU grant for PETRA circular aromatics plant

EU funds first commercial plant converting mixed plastic waste into renewable BTX aromatics; plant will process 20,000 t/yr, produce 10,000 t/yr and cut 72% GHG vs fossil route.

15 October 2026
Covestro NV to consolidate polycarbonate production at Antwerp

Plans would cut four polycarbonate lines to one, end local BPA production, and could affect up to 260 of ~970 employees; aniline investment and most site activities will continue.

30 September 2026
Covestro Makroblend UT235M adopted for Lexus ES luggage panel via In‑Mold Coating

UT235M chosen as substrate for a large exterior luggage‑panel on a premium sedan and produced by in‑mold coating; enables Class A seamless finish while removing post‑paint steps.

24 September 2026
BioBTX and Rain Carbon to supply renewable aromatics

Convert plastic waste into about 10,000 t/y of renewable aromatic oil and downstream benzene, phthalic anhydride and aromatics for circular supply chains; first plant operational early 2028.

24 September 2026
Covestro and puren advance purenit® with ISCC PLUS certification and Desmodur® CQ MS binder

New production line and full ISCC PLUS certification enable mass‑balance bio‑circular binder use; lower‑carbon purenit® product slated for 2027 market launch.

16 September 2026
Covestro opens Leverkusen pilot plant for chemical recycling of Vulkollan

Pilot plant for chemical recycling of high-performance elastomers in Leverkusen; targets >90% material recovery and up to two-thirds lower carbon footprint vs virgin material.

16 September 2026
Covestro opens Leverkusen pilot plant for chemical recycling of Vulkollan

Pilot plant scales a chemical recycling route for high‑performance Vulkollan elastomers, enabling >90% mass recovery and cutting carbon footprint by up to two thirds.

11 September 2026
Covestro, Fertiglobe and MB Energy explore ammonia supply chain via proposed Hamburg terminal

MoU to evaluate ammonia imports through a proposed Blumensand (Hamburg) terminal, offtake for feedstock/hydrogen, and transport links to industrial customers across Europe.

Where its projects are

active all projects

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Chemical parks it is at

Partners on its projects

The 6 sharing the most projects, of 18.