GHG Emissions, Industrial, Sourcing Renewables  -  February 21, 2025

Four Covestro Sites Adopt RECs

Covestro, a supplier of high-tech polymer materials, announced that four of its U.S. sites have reached net-zero Scope 2 electricity emissions through the allocation of renewable energy certificates (RECs). 

This goal was reached due to Covestro's existing virtual power purchase agreement (VPPA) with Ørsted, a renewable energy company.

The Covestro U.S. sites are Channelview, Texas; South Deerfield, Massachusetts; New Martinsville, West Virginia; and Pittsburgh, Pennsylvania. The locations in South Deerfield, New Martinsville, and Pittsburgh have now achieved complete net-zero Scope 2 emissions. The remaining credits have been applied to Covestro's Baytown, Texas facility.

"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 of fully aligning ourselves with the circular economy," said Thorsten Dreier, CTO of Covestro, in a statement. "By leveraging renewable energy, we're not just reducing our carbon footprint – we're actively shaping a brighter future for our industry."

The agreement with Ørsted, which provides Covestro with 90 MW of renewable energy capacity, will reduce approximately 90,000 tons of CO2 emissions annually. This represents a significant step towards Covestro's goal of climate neutral production by 2035.

This announcement follows Covestro's recent investments across multiple U.S. sites, further solidifying the company's commitment to growth and sustainability in the North American market.

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