Covestro's Four Bases in the U.S. Achieve 100% Renewable Electricity Power Supply

Global high-tech polymer materials supplier Coats announced that its four production bases in the United States have achieved net-zero Scope 2 electricity emissions through the allocation of Renewable Energy Certificates (RECs).

This achievement is attributed to the virtual power purchase agreement (vPPA) signed between Covestro and Danish energy giant Ørsted. The agreement is a crucial step towards the company's goal of climate neutrality by 2035.

Located in Channelview, Texas, South Deerfield, Massachusetts, New Martinsville, West Virginia, and Pittsburgh, Pennsylvania, four plants have achieved scope two net-zero emissions in terms of electricity use. Among them, the bases in South Deerfield, New Martinsville, and Pittsburgh have achieved comprehensive scope two net-zero emissions. The remaining renewable energy credits are applied to the company's plant in Baytown, Texas.

'Even in a continuously challenging market environment, we are steadily advancing towards our goal of climate-neutral production by 2035 and consistently implementing a comprehensive circular economy strategy,' said Thorsten Dreier, Chief Technology Officer of Covestro. 'By utilizing renewable energy, we are not only reducing our carbon footprint but also actively shaping a bright future for the industry.'

According to the agreement, Orsted will provide Covestro with 90 megawatts of renewable energy capacity, which is expected to reduce carbon dioxide emissions by about 90,000 tons per year. This marks an important step for Covestro towards its climate-neutral goal.

Samir Sifri, Chairman and President of Covestro US, emphasized: 'The collaboration with Ørsted demonstrates how collaborative innovation can drive substantial change in the industry. We are proud to lead sustainable development practices in the chemical industry and will continue to implement our sustainable growth strategy in the US market.'

This statement was released after Covestro had just completed an investment of hundreds of millions of euros in multiple US sites, further solidifying the company's commitment to sustainable growth in the North American market.

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