40 articles
Covestro inaugurated a new pilot plant in Leverkusen to advance chemical recycling of its Vulkollan® polyurethane elastomers. The process recycles over 90% of material by mass and reduces carbon footp
Covestro, Fertiglobe, and MB Energy signed an MoU to explore ammonia import and logistics via Hamburg Port. Covestro seeks reliable, low-carbon ammonia supplies for production and hydrogen needs amid
Covestro, Fertiglobe, and MB Energy signed an MOU to explore ammonia imports via Hamburg for chemical feedstock and hydrogen supply. The partnership aims to strengthen European supply chains and suppo
BioBTX invested in the world's first commercial plant in the Netherlands to convert mixed plastic waste into aromatics via ICCP technology. Partner Covestro backs the project, targeting 10,000 tons of
Record-low Rhine River levels are disrupting shipping, forcing major chemical and industrial firms like BASF and Covestro to shift logistics to rail and road. The crisis threatens supply chains for ke
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
Covestro and BYD signed a strategic partnership to jointly develop advanced material solutions for electric vehicles, batteries, and energy storage. The collaboration focuses on joint R&D, supply secu
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 raised its 2026 profit forecast after first-half EBITDA surged 64% to €669 million, as price hikes outpaced rising raw material costs. The German chemical giant also announced plans to delist
Covestro announced the acquisition of two former Vencorex HDI derivative production sites in Thailand and Texas, with closing scheduled for July 2026. This expansion strengthens its global supply netw
Covestro has completed the acquisition of Vencorex’s HDI derivative production facilities in Thailand and the US from PTT Global Chemical. The deal strengthens Covestro’s regional supply capabilities
Covestro plans to build a new 660,000 metric ton MDI plant in Shanghai and evaluate a similar facility in the UAE. The expansion targets rising global demand for polyurethane raw materials using propr
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 leads an EU-funded €8.4 million consortium to develop continuous fermentation for bio-based aniline production, targeting reduced carbon emissions in the polyurethane sector using plant-based
Lanxess and Covestro deepen cooperation on sustainable synthetic rubber solutions using ISCC PLUS certified chlorine products. The collaboration reduces the global warming potential of Baypren series
Covestro has signed an MOU with Jiangsu Denosuo Electronics to jointly develop ultra-flexible printed electronic tactile systems. Covestro will lead the R&D of thermoplastic polyurethane (TPU) films f
Covestro declared force majeure on North American MDI supply due to production issues, effective May 19. This exacerbates strain on the regional polyurethane market amid existing supply constraints fr
Covestro inaugurated a new Thermoplastic Polyurethane (TPU) application development center in Guangzhou to better serve the Asia-Pacific market. The facility complements existing sites, accelerating c
Covestro has formed a strategic partnership with Xiongdi Technology to provide integrated solutions for high-security documents using its polycarbonate films and functional materials.
Covestro Engineering Plastics President Wang Li showcased innovative material solutions for eVTOL, robotics, and energy sectors at a major exhibition, announcing strategic partnerships with Hikvision
Covestro signed strategic agreements with Hikvision Robotics and Kaizhong Shares at CHINAPLAS 2026 to develop advanced material solutions for smart logistics and robotics. The collaboration focuses on
At CHINAPLAS, Covestro reaffirmed its commitment to a fully circular strategy, showcasing post-consumer recycled materials and partnerships with local firms like Nongfu Spring. The company highlighted
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 expanded its Shanghai Special Film Technology Service Center to enhance APAC support, upgrading film insert molding capabilities for smart automotive and robotics applications using advan
Adnoc’s XRG plans to acquire remaining Covestro minority shares at €59.46 per share after securing 95.1% ownership. This transaction marks the final step in consolidating control over the major chemic
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 forecasts persistent market headwinds with no demand recovery, leading to widened full-year losses that missed analyst consensus expectations.
Germany's Covestro reported a widened Q4 net loss of €378 million driven by lower sales prices and volumes, while completing a strategic partnership with XRG amidst ongoing market challenges and plant
Covestro CEO Markus Steilemann will not extend his contract beyond May 2028, following the company's acquisition by Adnoc subsidiary XRG in December 2025.
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