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Covestro news
24 September 2025
Covestro's Imagio® Integrated into Autodesk VRED
Imagio® integration in VRED enhances design efficiency with photorealistic material twins, reducing time, cost, and errors in automotive design. Future updates will include simulation tools.
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.
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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.
13 May 2025
Borealis Advances Circular Economy in 2024
Borealis boosts circular production, expands product lines, and forms strategic partnerships to enhance recycling and sustainability across sectors in 2024.
30 April 2025
INEOS and Covestro Sign 8-Year LNG Supply Deal to Boost European Industry
The agreement ensures long-term energy security for European operations, supporting industrial resilience and addressing energy transition challenges.
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.
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.
1 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.
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.
11 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.
3 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.
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