Articles tagged with 'Corporate News' | Covestro

New joint program aiming for efficient, sustainable automotive plastic recycling

First product from Covestro related to chemically recycled post-consumer waste to answer ELV and EPEAT expectationsJoint development with Neste and BorealisDrop-in solution with identical properties, production and product specifications as …

Covestro authorizes Chaoyang University of Technology to develop Covestro’s environmental picture book into a vivid, interactive storytelling program for childrenThe MOU signing was witnessed by officials from the German Institute Taipei and the …

Early visualization of product designs saves time and resourcesAlmost unlimited design possibilities within feasible creativityImagio® CQ: new brand for digital samplingSimplified collaboration between cross-location teams

Actions of the Board of Management and Supervisory Board ratifiedDividend suspended for fiscal year 2023Dr. Markus Steilemann: systematic pursuit of strategy and focus on operations Climate neutrality strategy complete: presentation of Scope 3 …

Here you will find all the important documents relating to our Annual General Meeting 2024 at a glance: Our press release, the speeches, the link to the live broadcast as well as downloadable images and further links.

Asia-Pacific Innovation Center one of Covestro’s leading innovation hubs for world-class research on the way to circular economy High-tech plastics for China’s ongoing green transformation Development of sustainable products, technologies …

World's first production of Covestro using a solvent-free melt process for a wide range of polycarbonate copolymersRapid market launch of new polycarbonate copolymers with customizable properties possibleWide range of applications, starting with the …

Reduction of 10 million metric tons of greenhouse gases produced in upstream and downstream supply chains (scope 3) by 2035, climate neutrality for scope 3 by 2050Climate strategy for reducing greenhouse gases completeConcrete plan for …

Group sales of EUR 14.4 billion (–20%)EBITDA of EUR 1.1 billion (– 33.2%)Positive free operating cash flow of EUR 232 million (+68.1%)Climate neutrality strategy finalized with scope 3 targetOutlook for 2024: EBITDA between EUR 1.0 and EUR 1.6 …

Find all documents at a glance here. 

Share of renewable power increases to 60 percent of current demandFive-year term from 2026 to 2030Saves 103,000 tons of CO2 emissions

Significant step toward producing plastics based on plant biomassNew process for petroleum-free raw material on its way to industrial maturityAnother milestone in the promotion of the Circular Economy accomplished  

Encina to supply Covestro with chemically recycled raw materials enabling circular MDI, TDI and polycarbonate starting at the end of 2027Pioneering milestone for raw materials derived from end-of-life plasticsRecycled feedstock reduces carbon …

Covestro is main sponsor of Team Sonnenwagen for another two yearsCTO Thorsten Dreier: "Reducing emissions together"More sustainable material solutions for interiors, exteriors and powertrains

Double-digit million investment in TDI plant in DormagenMeasures further improve energy efficiency and CO2 footprintConsistent alignment of production with customer needs

Joint laboratory to address key challenges of future mobilityDriving commercialization of low-carbon solutions and establishment of relevant standardsDevelopment of smart surface technologies and battery solutions

Victory in qualifying, start from pole positionIn the leading group during the raceA total of 38 teams competed in the world's toughest solar car raceMore than 3,000 kilometers through the Australian outback

Group sales of EUR 3.6 billion (–22.7%)EBITDA of EUR 277 million (–8.3%) meets guidanceNet income of EUR –31 millionFree operating cash flow rises to EUR 308 million (>100%)Full-year guidance narrowed at the lower end of the rangesNew Chief …

Shanghai facility is the inaugural dedicated line of its kind of Covestro with an annual capacity of 25,000 tonsCommitted to supplying 60,000 tons of recycled-content polycarbonates annually in Asia Pacific by 2026Expansive range of premium recycled …

14 sensors and cameras integrated in closed componentPolycarbonate enables lightweight, aesthetic and durable designCovestro presents a LiDAR roof module for Chinese automaker Human Horizons at the ISAL Symposium

The Board of Management of Covestro AG has today decided, in view of the interest in Covestro expressed by Abu Dhabi National Oil Company (Adnoc), to enter into open-ended discussions with Adnoc. Whether, in which form and, if applicable, at which …

Combined digital and real world experienceCommunicative approach and motto "Crafting Connections With You"Prominent lecture program with live broadcastingMultiple use of stand construction made of more sustainable materials"Best of the Best" …

The Supervisory Board of Covestro has unanimously appointed Christian Baier as its new Chief Financial Officer (CFO). He will take over from Dr. Thomas Toepfer on October 1, 2023. Dr. Toepfer will leave the company as of August 31, 2023, and …

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

New solar car "Adelie" makes rounds in LeverkusenA lot of teamwork, passion and experience lead to optimized prototypeCovestro materials in the new vehicle and sports outfit of the team

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 …

Unique combination of aesthetics, strength and sustainability Significantly lower material use than in steel and concrete constructionSubstantial reduction in CO2 emissions Natural fibers such as flax are also suitable Polyurethane …

Covestro digitalizes product-specific life cycle assessments (LCA)Environmental data for approx. 50,000 intermediates and finished products. Validation by end of 2024 so that data for finished products available for customers gradually in …

The Covestro Adelie was designed for the world's toughest solar car race, the Bridgestone World Solar ChallengeCovestro supports project with innovative materials and as main sponsorThe overarching goal is the realization of the circular economy