“At Covestro, we are convinced that through partnerships and initiatives like the RCI, we can accelerate the transition towards a GHG neutral chemical industry and achieve the switch to a fossil-free raw material base for our operations.”
The concept of renewable carbon has the potential to change the entire organic raw material base of the chemical industry. At Covestro we are realizing this concept and have invented ways that enable us to reuse CO2 as one renewable carbon source and we use biomass as another. Our strategic focus to develop on top recycling technologies to also make use of the carbon embedded in plastics after their use phase is complementing our approach to build an alternative raw material base. The Renewable Carbon Initiative is bringing together other stakeholders and frontrunner companies supporting this concept. We are convinced that together, through partnerships and initiatives like the RCI, we can accelerate the transition towards a GHG neutral chemical industry.
With 2019 sales of EUR 12.4 billion, Covestro is among the world’s largest polymer companies. Business activities are focused on the manufacture of high-tech polymer materials and the development of innovative solutions for products used in many areas of daily life. The main segments served are the automotive, construction, wood processing and furniture, and electrical and electronics industries. Other sectors include sports and leisure, cosmetics, health and the chemical industry itself. Under the corporate vision “We will be fully circular”, the company intends to fully align its entire production, its product and solution portfolio and all areas in the long term to the circular concept, focusing in particular on the four topics of alternative raw materials, innovative recycling, joint solutions and renewable energies. Covestro has 30 production sites worldwide and employs approximately 17,200 people (calculated as full-time equivalents) at the end of 2019.