Covestro aligns values with China's green goals

With China entering a new era of green and innovation-led growth, Covestro AG, a German company that produces a variety of polyurethane and polycarbonate-based raw materials, will put a new polyurethane dispersion plant into operation in its Shanghai integrated site in 2024 to meet the country's soaring demand for water-based industrial products to further cut carbon emissions, said a senior executive.

PUD material is a polyurethane polymer resin dispersed in water, rather than a solvent. The materials can be used in more environmentally compatible coatings and adhesives for a wide range of applications, including automotives, construction, furniture, textiles, footwear and packaging.

Representing a combined investment of a double-digit million euro amount, the new plant will reinforce Covestro's market presence in China, especially in the areas of developing waterborne solutions, said Thorsten Dreier, who will become Covestro's chief technology officer and board member on July 1.