Covestro raised its full-year earnings outlook driven by higher prices and lower raw material costs, while cutting growth forecasts for automotive, construction, and electronics sectors due to geopoli
ICIS Europe highlights Covestro's profit forecast upgrade amid broader industry challenges. Geopolitical tensions drive crude prices up, while tariff changes risk increasing US polyethylene imports in
Covestro launched an EU-funded project to mass-produce bio-based aniline via continuous fermentation for the polyurethane industry. This initiative aims to replace fossil-based feedstocks, potentially
Covestro declared force majeure on polyols amid raw material shortages disrupting US production. Market sources indicate polyol prices have surged by 20 cents per pound following the announcement.
Covestro has contracted Fraunhofer UMSICHT to operate a 2,000-ton annual capacity pilot chemical recycling plant for rigid polyurethane foam using pyrolysis technology. The facility aims to convert wa
Covestro and Fraunhofer UMSICHT are collaborating on a pilot plant using pyrolysis to recycle rigid PU foam into aniline for MDI production. The 2,000-mt/year facility is scheduled to become operation
Covestro, Fertiglobe, and Ta’ziz signed an MOU to secure short-term ammonia supply for Covestro’s operations while evaluating low-carbon green ammonia production options.
Fertiglobe forecasts strong urea demand for the spring season, supported by limited global supply additions and firm ammonia prices amid shortages.
Adnoc and Ta’ziz plan a $300 million dedicated chemicals port facility at Ruwais, scheduled for completion in Q3 2026.
Fertiglobe delayed its UAE low-carbon ammonia project citing market conditions, while continuing to evaluate a US project in Baytown, Texas.
ChemBrief