Tag Archives: Covestro

Medical device circularity explored as Covestro and Allmed assess recycling of artificial kidney filters

(IN BRIEF) Covestro and Allmed have entered a partnership to explore whether used artificial kidney filters can be recycled into new polycarbonate-based plastic materials. The feasibility study assesses technical recovery processes, regulatory considerations and potential economic viability. Working with additional … Read the full press release

Offshore Wind Capacity Expands in Germany with Ørsted’s Largest Project Now Feeding Into the Grid

(IN BRIEF) Ørsted and Nuveen Infrastructure’s Borkum Riffgrund 3 offshore wind farm has delivered its first power to the German grid, marking a major progress point toward full operation expected in Q1 2026. The 913 MW project — now Ørsted’s … Read the full press release

Covestro completes acquisition of Swiss adhesive film specialist Pontacol to expand Solutions & Specialties segment

(IN BRIEF) Covestro has completed its acquisition of Pontacol, a Swiss producer of multilayer adhesive films, effective August 28, 2025. The deal expands Covestro’s Solutions & Specialties segment by adding advanced flat and blown adhesive films, strengthening its presence in … Read the full press release

Covestro Taiwan names Annie Chen as new Managing Director to lead business transformation from September 2025

(IN BRIEF) Covestro has appointed Annie Chen as the new Managing Director of Covestro Taiwan, effective 1 September 2025. Currently Head of Supply Chain and Logistics for Taiwan, Korea, New Zealand, and Australia, Chen succeeds Dr. Carsten Wildebrand, who will … Read the full press release

Strategic Acquisition Boosts Covestro’s Coatings and Adhesives Capabilities in Asia-Pacific and North America

(IN BRIEF) Covestro is acquiring two HDI derivative production sites in Rayong, Thailand, and Freeport, USA, from Vencorex Holding SAS to expand its global aliphatics capabilities. The move strengthens the company’s Solutions & Specialties segment and supports its Sustainable Future … Read the full press release

Covestro Introduces Groundbreaking TPU Innovations for AI-Driven Smart Devices at Taipei Symposium

(IN BRIEF) Covestro unveiled its innovative thermoplastic polyurethane (TPU) solutions at a symposium in Taipei, highlighting the key role of material innovation in AI-powered smart devices. With advancements in thermal management, durability, and performance, Covestro’s Desmopan® series is revolutionizing industries … Read the full press release

INEOS and Covestro Forge Strategic Long-Term Natural Gas Agreement to Strengthen European Industrial Competitiveness

(IN BRIEF) INEOS and Covestro have entered into a long-term natural gas supply agreement lasting up to eight years, ensuring stable and predictable energy for Covestro’s European operations. The agreement, set to begin in 2027, supports both companies’ goals to … Read the full press release

Covestro Introduces PCR Polycarbonates from Discarded Headlamps to Boost Automotive Sustainability

(IN BRIEF) Covestro has launched a new PCR polycarbonate material made from end-of-life vehicle headlamps, certified by TÜV Rheinland and now available for commercial automotive use. Developed in partnership with GIZ, Volkswagen, NIO, and Chinese recycler Ausell, the material supports … Read the full press release

Covestro Reaches Net-Zero Electricity Emissions at Four U.S. Sites Through Ørsted vPPA

(IN BRIEF) Covestro has achieved net-zero Scope 2 electricity emissions at four of its U.S. production sites through a virtual Power Purchase Agreement (vPPA) with Ørsted. This collaboration, which provides 90 MW of renewable energy capacity, allows Covestro to reduce … Read the full press release

Covestro Expands Polycarbonate Production in Ohio to Meet Growing Demand in North America

(IN BRIEF) Covestro is investing a low triple-digit million Euro sum to expand its operations in Hebron, Ohio, by adding multiple production lines for polycarbonate compounds and blends. This expansion will support the growing demand for high-quality materials in industries … Read the full press release

3D Electronics: A New Frontier of Product Differentiation, Thinks IDTechEx

(IN BRIEF) While electronics have significantly advanced in speed, size, and capability, the form factor—mainly consisting of components on circuit boards in a box—remains largely unchanged. The growing demand for faster, smaller, and more capable devices presents a significant opportunity … Read the full press release

Covestro Leads the Way in Recruitment with Salary Transparency

(IN BRIEF) Covestro is leading the way in salary transparency by disclosing salary ranges for all job advertisements in Germany, aligning early with the EU Pay Transparency Directive set to take effect in 2026. This initiative aims to foster trust, … Read the full press release

Henkel, Covestro, and Quad Industries Unite to Showcase Next-Gen Medical Wearables with Printed Electronics at MEDICA

(IN BRIEF) Henkel, Covestro, and Quad Industries have joined forces to drive innovation in healthcare wearables through advanced printed electronics. This partnership, showcased at MEDICA, will present a new ECG patch for continuous monitoring, leveraging Henkel’s inks, Covestro’s TPU substrates, … Read the full press release

Covestro Recommends ADNOC International’s €11.7 Billion Takeover Offer to Support Sustainable Growth Strategy

(IN BRIEF) Covestro’s management has recommended shareholders accept a €62.00 per share takeover offer from ADNOC International, highlighting the strategic partnership’s alignment with Covestro’s sustainability goals and the attractive 54% premium offered. The offer period runs through November 27, with … Read the full press release

Covestro Paves the Way for Circular Economy with €100 Million Investment in R&D

(IN BRIEF) Covestro has announced a €100 million investment aimed at enhancing its research and development (R&D) infrastructure over the next three years, targeting sustainable solutions and digital advancements. This initiative supports the company’s commitment to becoming fully circular and … Read the full press release

Covestro Signs Investment Agreement with ADNOC, Supporting €62.00 Takeover Offer for Shareholders

(IN BRIEF) Covestro AG has signed an Investment Agreement with ADNOC International Germany Holding AG, which supports ADNOC’s public takeover offer for all Covestro shares at €62.00 each, valuing the company at approximately €11.7 billion. The agreement ensures ADNOC’s commitment … Read the full press release

Six Industry Leaders Launch Sustainable Optical Fiber and Cable Industry Alliance (SOFIA)

(IN BRIEF) Six major companies—Borealis, Covestro, Heraeus, Nextrom, Teijin Aramid, and Umicore—have launched the Sustainable Optical Fiber and Cable Industry Alliance (SOFIA) to promote sustainability across the optical fiber and cable sector. SOFIA aims to improve transparency, communication, and standardized … Read the full press release

Beyond Leather Materials and Covestro Partner to Develop Sustainable Leather Alternative from Apple Waste

(IN BRIEF) Beyond Leather Materials has partnered with Covestro to develop LEAP®, a sustainable leather alternative made from over 85% bio-based materials, primarily apple waste. Covestro’s INSQIN® technology provides a durable, premium coating for LEAP®, offering a low-VOC, eco-friendly solution. … Read the full press release

Covestro Advances Circular Economy with Innovative Product Design Solutions

(IN BRIEF) Covestro is championing the circular economy by integrating sustainable design principles into product development. Recognizing the significant environmental impact of product design, Covestro leverages its expertise in high-performance materials to guide customers in adopting circular design practices. Their … Read the full press release

Industry Giants Join Forces to Transform Discarded Tires into Sustainable Automotive Plastics

(IN BRIEF) Neste, Borealis, and Covestro have partnered to recycle discarded tires into high-quality plastics for automotive applications, aiming to drive circularity in the plastics value chain. Through this collaboration, old tires are transformed into raw materials, processed into base … Read the full press release