LyondellBasell and Covestro Announce Permanent Closure of PO11 Unit at Maasvlakte, Netherlands

Joint Venture site produced Propylene Oxide and Monomers (POSM)  LYB must ensure assets in portfolio are a long-term strategic fit  Covestro works to optimally position the company as part of “Sustainable Future” strategy  Continuing commitment to E…

Covestro increases volumes sold and forges ahead with its transformation

Group sales of EUR 14.2 billion (–1.4%)  EBITDA of EUR 1.1 billion (–0.8%)  Free operating cash flow of EUR 89 million (–61.6%)  High acceptance ratio for ADNOC’s takeover offer  Savings of EUR 400 million per annum by 2028  Outlook for 2025: EBITDA…

Covestro Expands Production in Ohio

Investment in the low triple-digit million Euro range  Significant capacity increase with multiple new production lines  Customized polycarbonate material solutions for the American market 

ADNOC takeover offer for Covestro successful

ADNOC International, now XRG, achieves total of 91.3 percent after additional acceptance period  Covestro supposed to become foundational platform of XRG’s Performance Materials and Specialty Chemicals business  Closing of transaction is subject to…

Monique Buch appointed as new Chief Commercial Officer of Covestro

Covestro to invest in Pilot Plant for Recycling of Elastomers

Pilot plant will be built in Leverkusen, Germany  Novel chemical recycling process for elastomers made of Vulkollan®  Technology offers recycling solution and additional carbon footprint reduction for high performance elastomers

Covestro and Deloitte jointly develop Monetization Framework for Circular Economy

Developing and implementing business models in the circular economy  Monetization approach for circular solutions developed together with Deloitte, structured basic framework established  Framework validated through pilot projects, scalable across i…

Board of Management and Supervisory Board of Covestro AG support ADNOC International’s public takeover offer

Offer price of €62.00 per share in cash, representing an attractive premium of 54 percent to the unaffected share price of Covestro  Board of Management and Supervisory Board recommend to Covestro’s shareholders to accept the offer  ADNOC Internatio…

Increased profits in challenging market environment

Group sales remain stable at EUR 3.6 billion (+1.0%)  EBITDA increases to EUR 287 million (+3.6%)  Net income reaches EUR 33 million  Free Operating Cash Flow is at EUR 112 million (–63.6%)  Investment Agreement with ADNOC signed  Guidance for 2024…

Covestro signs an Investment Agreement with ADNOC and supports ADNOC’s public takeover offer to all Covestro shareholders

ADNOC International Germany Holding AG makes a takeover offer at €62.00 per Covestro share  The Investment Agreement defines key aspects of the strategic partnership, including clear commitments by ADNOC International to fully support the ‘Sustainab…

Rebounding volumes in a challenging environment

Group sales stable at EUR 3.7 billion (–0.8%)  EBITDA within expectations at EUR 320 million (–16.9%)  Group result at EUR –72 million  Free operating cash flow at EUR –147 million  Guidance for 2024 fiscal year: EBITDA between EUR 1 billion and EUR…

Covestro and bp sign long-term supply agreement for solar power in Spain

10-year agreement to supply Covestro with renewable energy from a solar power plant in Spain  Contract boosts Covestro’s renewable electricity use in Spain to 30 percent, significantly increasing renewables supply for Tarragona site  The agreement s…