Renewable Energy – Pillar of the Circular Economy
As a manufacturer in an energy-intensive industry, Covestro sees the transition to clean energy as key to driving the circular economy and achieving the goals of the Paris Climate Agreement. Our strategy ranges from purchasing sustainable energy to investing in our infrastructure to operate our plants with the lowest possible impact on the environment. By switching to green steam and power, provided by renewable energy recourses such as solar energy or hydropower, we aim to bring greenhouse gas emissions from purchased energy to net zero by 2035. We are also aiming for climate neutrality in our own manufacturing processes by then.
Renewable Energy directly from the source
Covestro makes huge investments to convert its production sites to renewable energies step by step. In doing so, we rely in particular on direct, long-term supply contracts for wind and solar power with large energy suppliers.
In Germany, we signed what was then the world’s largest supply contract for offshore wind energy with Ørsted in 2019. From 2025, the Danish energy provider will deliver green electricity for ten years, which will be generated in a newly built wind farm in the North Sea. The capacity is one hundred megawatts - enough to cover the electricity needs of 300,000 people.
In Belgium, we have concluded a similar agreement with the local utility ENGIE for the supply of green electricity from four newly constructed onshore wind farms. From 2021, our Antwerp site will thus cover 45% of its electricity requirements.
We have also concluded direct agreements for solar power. In Germany, our sites in Dormagen and Krefeld-Uerdingen have been supplied with solar power from the energy provider EnBW since 2022. It comes from the largest German solar park "Weesow-Wilmersdorf" in the eastern part of the country. Our Chinese site in Shanghai also receives solar power from the utility Datang Wuzhong New Energy since 2022. This enables the plant to cover around 10% of its annual electricity requirements.
These agreements substantiate our comprehensive global sustainability strategy and pave the way toward more environmentally conscious production for our customers and across the value chain.