20
December
2018
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00:00
Europe/Amsterdam

Covestro supports sustainable research

Summary
Partnership for Chemistry and Industrial Engineering / Focus on exploration of alternative raw materials
The Technical University (TU) Berlin, Germany and Covestro are intensifying their cooperation, focusing in particular on sustainable solutions for chemistry. Applied research and courses at the Faculties of Chemistry and Industrial Engineering are being supported in particular. This makes TU Berlina new strategic partner of the materials manufacturer alongside other renowned international universities such as Carnegie Mellon University (Pittsburgh, USA), Tongji University (Shanghai, China) and RWTH Aachen University (Aachen, Germany).

"As one of the leading technical universities in Germany, TU Berlin is now one of our most important partners for research into the chemical fundamentals of polymers and their possible applications, especially in the field of sustainability. To explore economically efficient routes to alternative, resource-saving raw materials in the chemical industry in particular, we need excellent science as provided by the TU Berlin," says Dr. Markus Steilemann, CEO of Covestro.

Years of intensive cooperation in several research projects funded by the German Government and the European Commission have led to the intensification of the partnership in Berlin, which is primarily aimed at publicly funded projects.

"Our expertise in extensive economic feasibility studies for various research projects has already yielded valuable insights. The strategic partnership with Covestro underpins the path we have chosen to pursue with sustainable solutions for chemistry," explains Prof. Dr. Christian Thomsen, President of the TU Berlin.

The university can already boast extensive expertise in the development of a sustainable future for chemistry and the promotion of knowledge and technology transfer to industry. With the start-up laboratory "Inkulab" and the emerging "Chemical Invention Factory", the new start-up center for "Green Chemistry", TU Berlin supports those interested in setting up their own business in the development of sustainable chemical products and processes.

The university has an especially high level of expertise in the field of polymer development and technical-economic analysis (TEA) at the interface of chemistry and industrial engineering in a research group led by Prof. Dr. Reinhard Schomäcker.

For the second time already, TU Berlin, Covestro and Dechema organized the "Raw Materials Summit" in June this year under the auspices of the German Federal Ministry of Education and Research with the aim of demonstrating ways to alternative, non-fossil raw materials for chemistry.


About Covestro:
With 2017 sales of EUR 14.1 billion, Covestro is among the world’s largest polymer companies. Business activities are focused on the manufacture of high-tech polymer materials and the development of innovative solutions for products used in many areas of daily life. The main segments served are the automotive, construction, wood processing and furniture, and electrical and electronics industries. Other sectors include sports and leisure, cosmetics, health and the chemical industry itself. Covestro has 30 production sites worldwide and employs approximately 16,200 people (calculated as full-time equivalents) at the end of 2017.

About the Technical University of Berlin:
With around 34,500 students, around 120 courses and 40 institutes, the Technical University of Berlin is one of the largest, internationally renowned and well-established technical universities in Germany. Outstanding achievements in research and teaching, the qualification of very good graduates and a modern, service-oriented administration characterize the university in Germany's capital - in the center of Europe. The range of services offered by its seven faculties represents a unique combination of natural and technical sciences with planning, economic, social and human sciences at a technical university. The Technical University of Berlin is the only university in the capital region where you can study engineering.

For more information please see www.covestro.com.


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.