Covestro invests 100 million euros to boost global R&D infrastructure
R&D

Covestro invests 100 million euros to boost global R&D infrastructure

Investments drive applications in core industries automotive and construction

  • By ICN Bureau | October 08, 2024

Covestro invests around 100 million Euros in its global R&D infrastructure and assets. With investments over a timeframe of three years until 2025, the global supplier of high-performance materials continues to secure its future competitiveness in a challenging environment. To create value for customers in every business section, the company focusses on future technologies to accelerate on the way to a full circular economy.

A global digitalization strategy in R&D is a key building block on this way. Covestro is committed to becoming fully circular with continuous investments in its main innovation centers. With modernized equipment for customer service, automated systems and new digital capabilities being introduced in laboratories and technical centers around the globe, Covestro follows a holistic approach with activities at different levels.

Sucheta Govil, CCO at Covestro: “Our investments in R&D are integral to ourstrategy of creating value for our customers. They are enabling us to expand andmaintain our innovation pipeline at a high level. By this, we are the go-to partner for more sustainable solutions which help to meet the climate-neutrality targets of our customers. Thanks to this global innovation booster, we come even closer to our joint goal to become fully circular.”

Covestro will invest in high-performance computers (HPCII) that mark the next expansion stage of technological evolution in Leverkusen towards an innovation incubator for the circular economy. By enabling simulation of chemical processes, the high-performance computers enable faster and more sustainable research processes. Amongst others they are used for example in foam processing simulations for refrigerators and enable energy efficiency and improved cool chains in end products.

“Simulations of chemical processes are a key element in the development of recycling technologies and research on new molecule classifications,” said Torsten Heinemann, Head of Group Innovation & Sustainability at Covestro.

“Moreover, laboratory digitalization enables test data to be recorded in higher quality and to a greater extent than is usual in analogue ways. Both help us to find the most possible and more sustainable solutions for our customers more quickly. Many developments in the field of recycling would be like looking for a needle in a haystack without digital R&D and simulations. “

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