Covestro Achieves 100% Renewable Electricity at Four U.S. Locations

Covestro's Commitment to Renewable Energy

Covestro, recognized as a prominent player in the polymer materials sector, has made the bold move to power four of its U.S. facilities completely with renewable electricity. This strategic development positions the company at the forefront of sustainable manufacturing in the chemical industry.

The locations in Channelview, Texas; South Deerfield, Massachusetts; New Martinsville, West Virginia; and Pittsburgh, Pennsylvania are now achieving net-zero emissions for their Scope 2 electricity consumption. Remarkably, the facilities in South Deerfield, New Martinsville, and Pittsburgh have achieved complete net-zero emissions. To uphold this commitment, any remaining emissions have been offset through renewable energy certificates (RECs) allocated to Covestro's Baytown, Texas facility.

This impressive achievement is made possible through Covestro’s virtual Power Purchase Agreement (vPPA) with Ørsted, a global leader in renewable energy. Through this partnership, Covestro has secured 90 megawatts of renewable energy capacity, which significantly reduces its carbon footprint by an estimated 90,000 tons of CO2 emissions each year.

In a statement, Thorsten Dreier, Covestro's Chief Technology Officer, emphasized the company's dedication to climate neutrality by 2035 and its ongoing strategy aligned with circular economy principles. He noted, “Even in a persistently challenging market environment, we are working towards our goal of climate-neutral production by 2035 and are consistently implementing our strategy.” His words reflect not just a commitment to sustainability but also a vision of redefining the industry's future through responsible practices.

Samir Hifri, the chairman and president of Covestro LLC, hailed the collaboration with Ørsted as an exemplary model of how innovative partnerships can produce substantial industry shifts. Hifri remarked, “We're proud to be at the forefront of sustainable practices in the chemical sector.” Covestro aims to expand its sustainable growth strategy across its U.S. operations further, consolidating its commitment to responsible industrial practices.

The company's latest initiative in sustainability follows substantial investments of low triple-digit millions of Euros across various U.S. sites, reinforcing Covestro's pledge towards not just production advancement but also environmental stewardship. As a leading manufacturer, Covestro's innovative products and processes aid in promoting sustainability, enhancing life quality across multiple sectors including mobility, construction, and electronics.

To underline its commitment, Covestro has set ambitious goals of achieving climate neutrality not only for its Scope 1 and Scope 2 emissions by 2035, but also intends to address Scope 3 emissions by 2050. The company concluded its fiscal year 2023 with sales reaching €14.4 billion and a global workforce totaling around 17,500.

As the world shifts towards sustainable practices across all sectors, Covestro’s recent moves exemplify the critical transition needed in industrial production. It is initiatives like these that contribute to a more sustainable future, showcasing the long-term benefits of renewable energy adoption. With its focus on the circular economy and climate neutrality, Covestro paves the way for other industries to follow suit.

For more insights, visit Covestro's Homepage or check out their Corporate Blog. Follow Covestro on social media for the latest updates: Twitter, Facebook, YouTube, LinkedIn.