Industries are facing major challenges, especially in Europe.
The chemical industry is no exception.
Other regions offered attractive business opportunities,
which Covestro seized.
In 2024, we continued our momentum
and achieved important milestones.
We landed commercially successful collaborations
with the big players in our customer industries.
Like Henkel for adhesives,
Carlisle for construction materials
and Deutsche Telekom for home connectivity.
With increasing global environmental awareness
and stricter regulatory requirements.
Sustainable developments in automotive are becoming more pressing.
That is why innovation, smart design
and a consistent circular approach
lead the way in the automotive sector.
With a technology called direct coating
We are successfully offering
new design opportunities to the auto industry,
a seemless production process
from injection molding to coating in one tool
lowers the carbon footprint effectively.
Also, car to car recycling
and design for circularity
are becoming even more important.
We are staying ahead of this development
by starting an automotive plastic recycling system
with strong international partners.
Advancing the transformation of the industry.
In our collaboration with Neste and Borealis
we have completed the closed loop system
for the automotive industry.
With the chemical recycling of car tires.
we now have the right setup to foster a circular economy
for engineering plastics in the automotive sector.
Customer centricity is a key driver of our business
and is therefore at the heart of what we do.
Provide added value for our customers.
We deliver in the fields where demand is rising,
whether it's post-consumer recycled materials,
lower carbon footprint products
or solutions made with alternative raw materials.
That is why we keep investing in innovation
and R&D for new, sustainable materials.
Our success in producing the basic chemical aniline
entirely from plant based raw materials,
for the first time in our pilot plant in Leverkusen,
gives us a head start in this field.
Another topic close to our customers needs
is providing innovative ideas for the future of mobility.
With the Sonnenwagen team, our long term partnership,
we once again had the spotlight on our ambassador
for reshaping e-mobility.
For these trends,
high performance plastics are the materials of choice.
And full circularity is the North Star on our roadmap
to a customer centric portfolio.
Covestro has also set the course
for growth opportunities in key markets
With our R&D focus on innovative plastics
we are helping our clients to stay ahead of their business.
We are all in,
especially in the long term
growing markets of electronics and mobility.
Our products Makrolon® and Makrofol® can be used
to create nearly mono material,
electronic displays ideal for integration into smart surfaces,
in kitchens and in consumer electronics.
Also,
autonomous and connected vehicles require new materials for sensors,
for electronics and advanced interior designs.
Presenting many, many opportunities for our polymer innovations.
AI and big data for predictive modeling
and designing new materials for mobility applications
will give us an extra boost on the way.