Covestro news

• 

  29 August 2025

  Covestro Acquires Pontacol

  Acquisition expands films business, adding specialized adhesive films for growth in medical, mobility, and textiles. Includes two production sites, enhancing manufacturing and regional availability.
• 

  21 August 2025

  Covestro Names Annie Chen as Taiwan Managing Director

  Annie Chen, current Head of Supply Chain, will succeed Dr. Carsten Wildebrand as Managing Director in Taiwan, continuing to lead supply chain operations in Asia-Pacific.
• 

  31 July 2025

  Covestro Q2 2025: Market Volatility Impacts Performance

  Q2 sales and EBITDA fell due to price drops and tariffs. Forecasts adjusted. Acquisition of Pontacol AG to boost sustainable growth. New CCO appointed.
• 

  28 July 2025

  EU Investigates ADNOC's Covestro Acquisition for Foreign Subsidies

  The EU is investigating potential UAE subsidies that may distort the market, focusing on acquisition terms and competitive impacts. Decision expected by December 2025.
• 

  11 July 2025

  Covestro AG Lowers 2025 Forecast

  EBITDA, FOCF, and ROCE over WACC forecasts for 2025 are reduced due to weak global economy. Greenhouse gas emissions remain unchanged.
• 

  24 June 2025

  Covestro Acquires Pontacol to Boost Specialty Films

  The acquisition enhances production capacity, expands the product portfolio, and strengthens global manufacturing, targeting growth in medical, mobility, and textile markets.

• 

  18 March 2025

  LyondellBasell and Covestro Close PO11 Unit in Netherlands

  PO11 unit closure due to overcapacity, high costs, and imports. LYB and Covestro focus on strategic assets and maintain customer relations. Shutdown by 2026.
• 

  18 March 2025

  LyondellBasell, Covestro to Close PO11 Unit in Netherlands

  Closure due to global overcapacity, high costs, and weak demand. LYB to safely shut down by 2026. Commitment to European market and ongoing customer support remain.
• 

  19 February 2025

  Covestro U.S. Sites Achieve 100% Renewable Electricity

  Four U.S. sites reach net-zero Scope 2 emissions via RECs and a vPPA with Ørsted, cutting 90,000 tons of CO2 annually, advancing climate-neutral goals by 2035.
• 

  9 February 2025

  thyssenkrupp Uhde Installs EnviNOx® at Covestro Baytown for Emissions Reduction

  EnviNOx® technology cuts 154,000 metric tons of CO2e annually at Baytown, enhancing emissions reduction and supporting climate neutrality goals by 2035.
• 

  8 January 2025

  Covestro Expands Ohio Production Facility

  Covestro invests in Ohio to boost polycarbonate production, meeting U.S. demand in automotive, electronics, and healthcare sectors. Operations to start by end of 2026.
• 

  19 December 2024

  ADNOC's Successful Takeover of Covestro

  XRG acquires 91.3% of Covestro shares. The deal awaits regulatory approval, aiming to enhance XRG's Performance Materials and Specialty Chemicals business. Completion expected in H2 2025.
• 

  8 October 2024

  Covestro Invests €100M in R&D to Enhance Global Innovation Centers

  Investments focus on digitalization, circular economy, and innovation in process technology, enhancing R&D capabilities in key global sites for sustainable solutions.
• 

  2 October 2024

  Covestro Backs ADNOC's €1.17 Billion Takeover with Strategic Investment

  The agreement supports sustainable growth, offers a 54% premium to shareholders, and ensures governance continuity, with a 10% capital increase for strategic implementation.
• 

  1 October 2024

  Covestro and ADNOC Sign Investment Agreement for Public Takeover Offer

  ADNOC offers €62/share, supporting Covestro's growth strategy. A 10% capital increase will raise €1.17 billion. Shareholders gain a 54% premium.
• 

  4 July 2024

  Covestro and bp Sign 10-Year Solar Power Agreement in Spain

  The agreement boosts Covestro's renewable energy use in Spain to 30%, cutting CO2 emissions by 16,000 tonnes annually, supporting climate neutrality by 2035.
• 

  26 June 2024

  Recycling Tires into Automotive Plastics: Neste, Borealis, Covestro Collaborate

  Discarded tires are chemically recycled into high-quality polycarbonates for automotive parts, promoting circularity and sustainability in the plastics and automotive industries.
• 

  19 June 2024

  Covestro Invests in BioBTX for Innovative Recycling Technology

  Covestro's investment supports a demonstration plant in the Netherlands to produce chemicals from plastic waste, advancing circular economy goals and enhancing chemical recycling technology.
• 

  22 May 2024

  Ecomaison, Covestro, Secondly, and Federal Eco Foam Launch PU Foam Recycling Project

  The project aims to enhance PU foam recycling from used mattresses using combined mechanical and chemical methods, focusing on material efficiency and sustainable circular economy development.
• 

  8 September 2023

  Covestro AG to Enter Open-Ended Discussions with Adnoc

  The Board will discuss potential agreements, focusing on sustainability and corporate governance. Any deal needs board and regulatory approval. No further comments unless required by disclosure rules.
• 

  16 August 2023

  Covestro to Build Pilot Plant for Polycarbonate Chemical Recycling in Leverkusen

  A new process for recycling polycarbonates into monomers is being piloted, aiming to replace fossil raw materials and meet high-quality standards for applications like automotive and electronics.
• 

  6 February 2023

  Covestro Launches New Chlorine Plant in Tarragona

  The new plant uses ODC technology, cutting energy use by 25% and CO2 emissions by 22,000 tons annually. It boosts MDI production, creates 50 jobs, and strengthens Tarragona's chemical industry.
• 

  12 October 2022

  Covestro Breaks Ground on New Aniline Plant in Antwerp

  The new plant will boost MDI production, create 40 jobs, and enhance energy efficiency. It aims to meet rising demand for insulation materials amid high energy costs and sustainability trends.
• 

  18 May 2022

  Covestro Starts Desmodur® 15 Production Line in Barcelona

  The new line meets rising demand for high-performance elastomers, supports global supply, and operates on renewable energy. It aids growth in high-end applications and Vulkollan® licensee development.
• 

  22 April 2022

  Covestro Expands TPU Film Production in Germany

  Investing millions, the Bomlitz site will boost TPU film capacity to meet global demand, enhance sustainability, and switch to green electricity by 2023, creating new jobs and focusing on bio-based products.
• 

  13 January 2022

  Maire Tecnimont Secures €250M EPC Contract for Covestro Aniline Plant in Antwerp

  The project will expand aniline production in Antwerp, with completion expected by 2024. It will use advanced technologies for safety and efficiency, enhancing the site's infrastructure and logistics.
• 

  25 October 2021

  LyondellBasell and Covestro Convert Waste to Energy in Rotterdam

  The Circular Steam Project in Rotterdam reduces energy use by 0.9 Petajoules annually, cuts CO2 emissions by 140,000 tons, and prevents 11 million kg of salt residue from entering surface water.
• 

  23 April 2021

  Covestro Boosts Film Production with New Lines in Dormagen

  New coextrusion lines in Dormagen will create 30 jobs, enhance film quality, and speed up supply. The site includes production, a technical center, and research labs, supporting global expansion efforts.
• 

  2 May 2019

  Covestro Expands Dormagen Coextrusion Lines

  New production lines for polycarbonate films at Dormagen will be completed by end of 2020, creating 50+ jobs. The investment includes latest technology and aims to meet global demand and improve efficiency.
• 

  29 October 2018

  Covestro to Expand Aniline Production in Antwerp

  Investing EUR 300 million, the new unit will launch in 2022, enhancing supply for MDI production. The project will boost job creation and utilize advanced safety and energy-efficient technologies.