Italy
Covestro

XRG completes acquisition of Covestro

December 10, 2025 - With the agreed capital increase, the German chemical group comes under the control of Emirati group ADNOC.

Covestro-Adnoc deal clears final hurdle

November 26, 2025 - With the green light from the German government, the final hurdle has been cleared for the chemical group’s transition to Adnoc.

Eu gives conditional approval for Adnoc–Covestro deal

November 14, 2025 - The Commission has acknowledged the commitments made by Adnoc to address certain competition concerns related to state subsidies.

Alliance for next-generation automotive glazing

September 26, 2025 - Covestro and Anko Optics join forces to advance polycarbonate-based transparent surfaces with color-shifting, photovoltaic and display integration for electric and future flying vehicles.

EU investigates Adnoc-Covestro deal

July 29, 2025 - Under the Foreign Subsidies Regulation, the commission checks whether UAE guarantees and capital boosts skewed the deal and the EU market.

Covestro extends CTO’s contract to 2031

July 16, 2025 - Supervisory Board renews Thorsten Dreier’s contract five years early, securing continuity for the German group’s climate-neutral transformation.

Commission clears acquisition of Covestro by Adnoc

May 14, 2025 - EU antitrust regulators approve transfer of control of German chemical group to UAE-based petrochemical company

Plastics industry kicks off closed-loop recycling for ELVs

February 18, 2025 - Plastic producers and recyclers join forces in a pilot project led by the Global Impact Coalition.

ADNOC acquires 91.3% of Covestro

December 20, 2024 - The Emirates group successfully completed the public tender offer for Covestro shares, backed by the German company’s management.

ADNOC to buy Covestro for €14.7 billion

October 1, 2024 - Abu Dhabi’s state-owned oil company announces a voluntary takeover bid for the German chemical company.

LAST NEWS

Ascend exits Chapter 11 with new CEO

December 11, 2025 - Restructuring plan approved as Schumacher replaces McDivitt at the helm of the Texas-based company.

Renolit launches carve-out of medical division

December 11, 2025 - Healthcare unit to operate independently from 2026, with full legal split due by end of 2027.

Bio-based black pigment detectable by NIR

December 11, 2025 - UPM launches world-first carbon-negative black pigment derived from lignin, solving a key challenge in packaging waste sorting.

XRG completes acquisition of Covestro

December 10, 2025 - With the agreed capital increase, the German chemical group comes under the control of Emirati group ADNOC.

EU holds the line on PPWR revisions

December 10, 2025 - Flexible Packaging Europe backs the Commission’s move to protect the packaging law and avoid regulatory uncertainty for industry.

European Parliament seeks clarity on microplastics

December 10, 2025 - EFSA tasked with providing scientific opinion on potential health risks related to the presence of these substances in food, water and air.

MOST POPULAR

A white knight for Venator Italy

December 3, 2025 - The Tuscany-based Nuova Solmine, formerly a key supplier to the shuttered TiO2 plant, is preparing to revive the site after two years of inactivity.

Treofan Germany restarts production

September 22, 2025 - Following a temporary halt, operations resume at the BOPP film plant in Neunkirchen as insolvency administrators seek new investors.

EU holds the line on PPWR revisions

December 10, 2025 - Flexible Packaging Europe backs the Commission’s move to protect the packaging law and avoid regulatory uncertainty for industry.

European Parliament seeks clarity on microplastics

December 10, 2025 - EFSA tasked with providing scientific opinion on potential health risks related to the presence of these substances in food, water and air.

European recyclers call for local content

December 9, 2025 - FEAD, PRE and Recycling Europe urge Brussels to prioritise EU-made plastic recyclates in upcoming circular economy legislation.

EVENTS

Rome Feb. 5–6, 2026

Petcore chooses Rome for annual PET event

The ‘save the date’ has been launched for the annual industry gathering, which for the first time will not be held in Brussels.

Milan, Italy, June 9–12, 2026

Early-bird discounts announced for Plast 2026

Exhibitors can sign up by June 15 to receive a 20% discount, or by July 31 for a 10% reduction. Additional savings are available for those booking more space than in 2023.

Friedrichshafen Oct. 12–16, 2026

Plastics fair Fakuma confirms Friedrichshafen

With strong exhibitor interest and regional support, the event will remain at its traditional Lake Constance location for at least five more years.