- Covestro's U.S. sites achieve net-zero Scope 2 emissions through RECs and a vPPA with Ørsted.
- The agreement provides 90 MW of renewable energy, reducing 90,000 tons of CO2 annually.
- Covestro aims for climate-neutral production by 2035.
- Recent investments in U.S. sites total low triple-digit million Euros.
Renewable Energy Transition
Covestro has announced that four of its U.S. sites have achieved net-zero Scope 2 electricity emissions. This milestone was reached through the allocation of Renewable Energy Certificates (RECs) and a virtual Power Purchase Agreement (vPPA) with Ørsted, a leader in renewable energy.
Impact and Goals
The agreement with Ørsted provides Covestro with 90 MW of renewable energy capacity, which is expected to reduce approximately 90,000 tons of CO2 emissions annually. This initiative is a significant step towards Covestro's goal of achieving climate-neutral production by 2035.
Site Achievements
The U.S. sites in Channelview, Texas; South Deerfield, Massachusetts; New Martinsville, West Virginia; and Pittsburgh, Pennsylvania, have all reached net-zero Scope 2 emissions for electricity. Additionally, the South Deerfield, New Martinsville, and Pittsburgh sites have achieved complete net-zero Scope 2 emissions.
Investment in Sustainability
This announcement follows Covestro's recent investments in multiple U.S. sites, totaling a low triple-digit million Euro amount, reinforcing the company's commitment to growth and sustainability in the North American market.
