Energy Efficiency, GHG Emissions, Industrial - March 20, 2025
Covestro Sets 2030 Energy Efficiency Target
Covestro, a manufacturer of high-quality polymers, announced that its new 2030 goal is to use 20% less energy to produce one ton of product than in 2020.
The new goal will result in eliminating 550,000 tons of CO2 emissions through more efficient processes and innovative technologies. The energy efficiency target contributes to Covestro's plan to achieve climate-neutral production by 2035.
Covestro has now commissioned a modern reactor at its Dormagen site that uses waste heat from production processes to generate steam for further manufacturing steps. CO2 emissions can thus be reduced by up to 22,000 tons annually.
"Climate-neutral production can only be achieved if we significantly reduce our energy requirements for the manufacture of our products. This is because there is currently not enough renewable energy available at affordable prices to even begin to cover demand," said Dr. Thorsten Dreier, Chief Technology Officer of Covestro, in a statement. "In addition, as a supplier of standard products, we must always keep our manufacturing costs as low as possible in order to be competitive in the global market." In view of persistently high energy costs, especially in Germany and Europe, energy reduction is therefore a decisive factor for business success.
In parallel to its energy efficiency management, Covestro relies on renewable energy sources to achieve its climate neutrality goals. In 2024, the company signed a contract with bp for electricity from solar power for the site in Tarragona, Spain, bringing the share of electricity from renewable energy sources at the site to 30%. The company also signed a PPA with RWE for its Antwerp site to be supplied with 60% renewable electricity starting in 2026. Four Covestro sites in the U.S. have been powered entirely by renewable electricity since the beginning of 2025.
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