NEWS RELEASE: Four Covestro U.S. Sites Now Running Entirely on Renewable Electricity
- Result of virtual Power Purchase Agreement (vPPA) with Ørsted
- Provides 90 MW of renewable energy capacity
- Reduces approximately 90,000 tons of CO2 emissions annually
[Photo courtesy of Covestro]
The Covestro U.S. sites Channelview, Texas, South Deerfield, Massachusetts, New Martinsville, West Virginia and Pittsburgh, Pennsylvania, have achieved net-zero Scope 2 emissions for electricity. Going one step further, the sites 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. “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.
“Our partnership with Ørsted is a prime example of how collaboration and innovation can drive meaningful change in our industry,” says Samir Hifri, chairman and president of Covestro LLC. “We’re proud to be at the forefront of sustainable practices in the chemical sector and look forward to continuing to execute our strategy to grow sustainably in the U.S.”
This announcement follows Covestro’s recent low triple digit million Euro investments across multiple U.S. sites, further solidifying the company’s commitment to growth and sustainability in the North American market.
About Covestro
Covestro is one of the world’s leading manufacturers of high-quality polymer materials and their components. With its innovative products, processes and methods, the company helps enhance sustainability and the quality of life in many areas. Covestro supplies customers around the world in key industries such as mobility, building and living, as well as the electrical and electronics sector. In addition, polymers from Covestro are also used in sectors such as sports and leisure, telecommunications and health, as well as in the chemical industry itself.
The company is geared completely to the circular economy. In addition, Covestro aims to achieve climate neutrality for its Scope 1 and Scope 2 emissions by 2035, and the Group’s Scope 3 emissions are also set to be climate neutral by 2050. Covestro generated sales of EUR 14.4 billion in fiscal year 2023. At the end of 2023, the company had 48 production sites worldwide and employed approximately 17,500 people (calculated as full-time equivalents).
Find more information at www.covestro.us
The opinions expressed in this news release are the author’s only and do not necessarily reflect those of Medical Design & Outsourcing or its employees.
