Covestro Pingtung Site Invited to Showcase Low-Carbon Transformation Success
Covestro Taiwan announced today that its Pingtung site had been invited by the Metal Industries Research & Development Centre (MIRDC) to present at the "2025 Industrial Park Innovation Cross-Domain Low-Carbon and Digital Transformation Co-Creation Achievement Exchange Conference."
Covestro Taiwan announced today that its Pingtung[1] site had been invited by the Metal Industries Research & Development Centre (MIRDC) to present at the "2025 Industrial Park Innovation Cross-Domain Low-Carbon and Digital Transformation Co-Creation Achievement Exchange Conference." Organized by the Industiral Development Administration and Industrial Park Administration Bureau of the Ministry of Economic Affairs, this event highlighted exemplary sustainability initiatives from industrial parks throughout Taiwan.
The Pingtung site, which specializes in high-performance polyester resins for powder coatings, will be represented by Site Manager CF Tsai, who shared insights on the plant's innovative "oil-to-gas conversion" and "waste heat recovery" projects that have substantially reduced the facility's carbon footprint while enhancing operational efficiency.
"Our sustainability transformation is fully aligned with Covestro's global commitment to achieve Scope 1 and 2 climate neutrality by 2035," said CF Tsai, Site Manager of Covestro Pingtung Site. "With subsidy support from the Industrial Development Administration, Ministry of Economic Affairs (MOEA), we carried out a project to convert high-energy thermal oil boilers to natural gas and implement waste heat recovery systems, successfully reducing our annual carbon emissions by 17% while improving heating efficiency by 10%." The presentation will emphasize how these improvements address environmental challenges while simultaneously enhancing product quality and operational performance.
"Low-carbon transformation is not merely an environmental responsibility but one of the key strategies for our global market competitiveness," further emphasized Annie Chen, Managing Director of Covestro Taiwan. "As international customers increasingly prioritize sustainable manufacturing processes, Pingtung plant's successful transformation demonstrates how Covestro integrates environmental sustainability with business value. We believe this innovation-driven sustainable development model will create long-term win-win outcomes for both business and the environment."
In addition to hardware upgrades, the Pingtung site has implemented smart manufacturing processes and AI-powered data analytics, reducing daily data processing time from two hours to just ten minutes. This digital transformation enables more efficient energy utilization, optimized production scheduling, and establishes a foundation for future AI machine learning applications.
The forum gathered over 200 representatives from industrial parks across Taiwan, government officials, and academic experts to exchange experiences and best practices in sustainable transformation. Covestro's presentation will be featured alongside other industry leaders in the event's "Low-Carbon Transformation" segment.
[1]Covestro's Pingtung site is a powder resin factory jointly invested by Covestro and Eternal Materials Co., Ltd. The joint venture, Covestro Eternal Resins (Far East) Ltd., is located in Pingtung, Taiwan.
About Covestro:
Covestro is one of the world’s leading manufacturers of high-quality polymer materials and their components. With its innovative products, processes and methods, the company helps enhance sustainability and the quality of life in many areas. Covestro supplies customers around the world in key industries such as mobility, building and living, as well as the electrical and electronics sector. In addition, polymers from Covestro are also used in sectors such as sports and leisure, telecommunications and health, as well as in the chemical industry itself.
The company is geared completely to the circular economy. In addition, Covestro aims to achieve climate neutrality for its Scope 1 and Scope 2 emissions by 2035, and the Group’s Scope 3 emissions are also set to be climate neutral by 2050. Covestro generated sales of EUR 14.2 billion in fiscal year 2024. At the end of 2024, the company had 46 production sites worldwide and employed approximately 17,500 people (calculated as full-time equivalents).
Forward-looking statements
This news release may contain forward-looking statements based on current assumptions and forecasts made by Covestro AG. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. These factors include those discussed in Covestro’s public reports which are available at www.covestro.com. The company assumes no liability whatsoever to update these forward-looking statements or to conform them to future events or developments.