Circular Economy – Closing the Loop

Covestro unveils enhanced PUD portfolio at China Adhesive and Tape Annual Conference

Upgraded waterborne products covering consumer electronics, sports and leisure, mobility, printing and packaging.Pioneering a circular economy through integrated production and research capabilities

Covestro advances polyurethane dispersions capabilities with completion of new Shanghai facility

New plant to come on stream in Q1 2024Modular construction saves time and improves investment efficiencyEnvironmentally compatible PUDs replace solvent-based typesMore circular versions to be offered graduallyDiverse applications in automobile, const…

Chemical recycling of polycarbonates reaches a major milestone

Robust process developed on a laboratory scalePilot-scale technical implementation startsRecycled monomer can be used for the production of polycarbonate

Huafeng, Cyclone and Covestro collaborate to provide sports shoes and shorts with reduced carbon footprint

Huafeng developed more sustainable HAPTIC® textile coating solution based on Covestro’s partly bio-based Impranil® CQ DLS/1 PU dispersionNew textile coating solution was used to produce official shorts and shoes of Team Sonnenwagen solar car projectH…

Covestro starts new Elastomers plant in Shanghai

Investment in the double-digit million Euro range New plant one of several similar investments into the Elastomers business across the globeProducts can be used in offshore wind turbines and to manufacture photovoltaic panels, among others

Covestro confirms full-year guidance despite weak economic activity

Group Sales of EUR 3.7 billion (–20.9%)EBITDA of EUR 385 million (–29.6%)Net income totals EUR 46 million (–76.9%)Free operating cash flow rises to EUR –10 millionFull-year results expected to be rather at lower half of the guidanceQ3 2023: EBITDA be…

Covestro receives polyurethane certificate for solar composite frames from TÜV SÜD

Covestro inaugurates new production line and launches new Desmopan®UP TPU series for Paint Protection Film in the automotive and wind sector

New production line started in Taiwan to produce high performance TPU suited for Paint Protection Film (PPF) gradesProducts to be made available globallyNew TPU-based PPF solutions offered under Desmopan®UP brand nameLong-lasting protection for autom…

Covestro gets off to better-than-expected start in 2023

Group Sales of EUR 3.7 billionEBITDA of EUR 286 million far surpasses expectationsNet income totals EUR –26 millionFree operating cash flow of EUR –139 millionQ2 2023: EBITDA between EUR 330 million and EUR 430 million expectedFull-year guidance adju…

Covestro expands its range of more sustainable polycarbonates

Introduction of a grade with 90 percent recycled contentClimate neutral1 polycarbonates with up to 89 percent sustainable shareCollaboration with Jabra on Evolve2 headset

Covestro polyurethane resin earns commercial material certificate in solar energy from TÜV Rheinland

Covestro to offer GMP grade TPU in Asia Pacific

Company now provides products for food contact and healthcare applications in the Asia-Pacific region that meet the high-quality and safety standards of ‘Good Manufacturing Practice’ (GMP)Products will be offered under Desmopan® GMP brand nameCompany…

Covestro drives circular economy forward with high-performance PU composites

Managing challenging times

Group Sales total EUR 18.0 billion (+13.0%)EBITDA of EUR 1.6 billion (–47.6%)Positive free operating cash flow of EUR 138 million (–90.3%)Greenhouse gas emissions fall to 4.7 million metric tons (–9.6%)Circular economy and climate neutrality more imp…

Covestro to build its largest TPU site in China

New site to be built in Zhuhai, South China, with an annual capacity of 120,000 tons of TPU per year after final phase of expansionExpansion to happen in three phases: First phase to be completed in late 2025, final phase to be completed in 2033Total…

Empowering the Circular Economy with low-carbon technology: Covestro releases seven Coatings and Adhesives solutions

Seven newly launched solutions cover four major fields, including mobility and constructionExpanded CQ portfolio advances Covestro’s vision of a circular economy

Covestro launches new ultra-durable material solution for healthcare and life sciences

Makrolon® 3638 polycarbonate is engineered to meet rigorous standardsMaterial offers a unique combination of properties that are maintained over a wide temperature rangeIt underscores the commitment of Covestro to developing innovative material solut…

Covestro awarded Top Employer in China for fifth consecutive year

Covestro signs major renewable energy supply contracts with Chinese producer CGN

Multi-year contract calls for annual purchase of 300 gigawatt hours of wind and solar power from CGNPlans to cover 30 percent of electricity demand at Covestro's Shanghai siteSolid basis for significant reduction in greenhouse gas emissions

Covestro partners with Coleitec to expand the new application of polyurethane composite materials

Realizing the mass production of PU composite battery pack top covers at a major power battery manufacturer Expanding the application of polyurethane composite materials in the new energy industry

Covestro and HASCO Vision join forces for recycling post-industrial used plastics

Turning used engineering plastics into high-quality post-industrial recycled polycarbonatesNovel business model allows full transparency and traceability along the value chainContributing to the low-carbon development of carmakers

Covestro signs cooperation agreement with World Organization for Sustainability Leadership

Jointly promoting sustainability philosophy among the youth through the orator and illustrator contest New annual competition centered on climate change will be launched soon

Covestro initiates green logistics pilot program with partners in China

Collaborative efforts with a focus on truck transportProgram is key to the company’s reduction of scope 3 emissionsSupporting customers’ sustainability and climate-neutral targets

Covestro and TMT launch their 1000th PU wind blade in collaboration milestone

Achieving commercial success through CIIE Supporting the development of longer wind blades Further collaboration in more areas

Covestro and Midea introduce low-carbon polyurethane products into more households

Launching new generation of low-carbon appliances with Covestro’s low-carbon-footprint MDI through a mass production approach Generating 60 percent less carbon emission compared to fossil-based MDI

Covestro and Silan help Xtep to create its first low-carbon running shoe concept

Covestro is exploring low-carbon solutions for sports shoes using mass-balanced MDI, TDI, TPU, and other functional materials Each concept running shoe can reduce carbon emissions by more than 80 percent, with plans to officially launch next year

Sinomax debuts first low-carbon mattress using Covestro’s bio-attributed TDI

Debut comes a year after Covestro and Sinomax signed their first commercial contract on mass-balanced TDI  Bio-attributed TDI carbon footprint is 36 percent lower than fossil-based counterparts, thus helping to reduce CO2 emissions per mattress by a…

Covestro to promote low-carbon PU solutions under new cross-industry partnership in China

Reducing emissions with mass-balanced MDI, TDI and TPU solutions  Driving the polyurethanes industry towards carbon neutrality  Contributing to China's dual carbon goals 

Covestro and Sunon to accelerate commercialization of circular material solutions

Covestro is deepening local cooperation in the China market to promote the circular economy   Alternative raw materials support the green transformation of the furniture industry and China’s carbon neutral ambitions

Covestro teams up with EV brand HiPhi to create next-generation solutions for mobility

Partnership with Shanghai-based innovative electric vehicle start-up empowers smarter, more sustainable value chain  CO₂-reduced polycarbonates and coatings and adhesives solutions further support carmakers in reducing carbon footprint

Covestro to strengthen partnerships at China International Import Expo (CIIE)

Covestro showcases contributions to sustainable, low-carbon industrial developmentInnovative alternative raw materials empower partners to achieve their own carbon reduction goalsWith sustainable solutions in mobility, energy, buildings, and lifestyl…

Covestro aims for carbon-neutral booth at CIIE with more sustainable materials and carbon credits

Covestro achieves EBITDA guidance despite looming recession

Group Sales rise to EUR 4.6 billion (+7.3%)EBITDA of EUR 302 million (–65.0%)Net income total EUR 12 million (–97.5%)Free operating cash flow (FOCF) falls to EUR 33 million (–91.3%)Full-year guidance for 2022 narrowedFurther milestones on the path to…

Covestro decides to exit formulated polyether polyols business for the appliance industry in China, India and ASEAN

Part of portfolio optimization for the ‘Tailored Urethanes’ Business EntityAppliance remains a key industry for Covestro, company will continue to supply high quality MDI for it 

Covestro introduces innovative adhesive solutions at annual China adhesive and tape industry conference

Sustainable adhesive solutions drive innovation and evolution in downstream applications  Bio-based technology and bio-degradable technology to promote industry transformation and upgrading  

INEOS supplies Covestro with mass-balanced raw materials for polycarbonate plastics

Supporting customers in achieving their sustainability goals

Covestro invests in the production of more sustainable polycarbonates in Asia Pacific

Capability to deliver over 60,000 tons per year of recycled polycarbonates annually by 2026 in region amid strong demandGroundbreaking on company’s first dedicated mechanical recycling production line in ShanghaiRepurposing of an existing production…

Solid performance and an increasingly challenging environment

Group sales rise to EUR 4.7 billion (+18.9%)EBITDA of EUR 547 million (–33.0%) above own guidanceNet income totals EUR 199 million (–55.7%)Free operating cash flow (FOCF) falls to EUR –462 millionFull-year guidance 2022 adjustedContinued focus on the…

Covestro breaks ground on two new production facilities in Shanghai

New lines for polyurethane dispersions and elastomers to meet rising demandTotal investment of a mid-double-digit million euro amountNew plants increase the scale of the largest production site of Covestro

Covestro, SK geo centric and Neste cooperate to create value chain for renewable attributed MDI in APAC

Covestro releases new design trend reports on Color, Material and Finish

The 2022-2023 CMF Design Trend Reports cover automotive, and electronics & electrical and healthcare sectors In collaboration with Tongji University, Shanghai Jiao Tong University, and Goodmatter studio Partnership with Milan Design Week on report’s…

Successful quarter in an increasingly volatile environment

Group sales rise to EUR 4.7 billion (+41.6%)EBITDA of EUR 806 million (+8.5%)Net income amounting to EUR 416 million (+5.9%)Free operating cash flow of EUR 17 million (–94.7%)Further steps toward a circular economy and climate neutralityReduced earni…

2022 Covestro Cup “I Speak, I Act, I Impact” China Student Orator and Illustrator Contest begins

Oriented around the United Nations Sustainable Development Goals Shouldering social responsibilities and promoting quality education

Covestro donates RMB 1.4m in supplies to Shanghai for epidemic prevention and control

Covestro pioneers the supply of renewable¹ TDI

For more sustainable mattresses, upholstered furniture, shoes and automotive seatsSignificant reduction of CO2 emissions from cradle-to-gate2Rapidly implementable solution with consistently high quality  

Reducing the carbon footprint of footwear production

Successful cooperation with textile and yarn technology companies in China

Strong full year 2021 for Covestro

Core volumes sold up by 10%Group sales total EUR 15.9 billion (+48.5%)EBITDA more than doubles (>100%) to EUR 3.1 billionFree operating cash flow increases to EUR 1.4 billion (>100%)Highest dividend in the Group’s history proposed: EUR 3.40Climate ne…

Covestro aims for climate neutrality

 Ambitious target: Net zero1 emissions by 2035 for scope 1 and scope 2  60% reduction in greenhouse gas emissions by 2030   Every product to be offered in a climate neutral version in the future with major products already on offer today 

Covestro launches climate neutral¹ MDI

New MDI grades are climate neutral from cradle to factory gate1Products already available for construction, cold chain and automotive applicationsDrop-in solution with consistent product quality

Covestro, Mitsui Chemicals, and Mitsui & Co., Ltd, complete first delivery of certified renewable raw materials in Asia

ISCC Plus certified mass-balanced phenol and acetone based on bio-feedstockImportant raw materials for polycarbonate productionFirst delivery of 1,500 tons of mass-balanced phenol received in ShanghaiLater supply of acetone also planned, also to Thai…

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