Italy
Covestro

Covestro targets China and UAE for MDI expansion

June 30, 2026 - A new integrated line has been announced in Shanghai, while a feasibility study is still under way in the United Arab Emirates.

Low Rhine levels pressure chemicals

June 26, 2026 - Reduced barge capacity is raising logistics concerns for chemical producers along one of Europe’s key inland waterways.

Smart pyrolysis targets rigid polyurethane foams

March 11, 2026 - Covestro’s chemical recycling technology will be optimised on a pilot plant to be built in partnership with the Fraunhofer Institute.

Steilemann to leave Covestro in 2028

February 23, 2026 - The German chemicals group’s CEO has informed the Supervisory Board that he will not seek a further term. The CFO’s mandate also expires this year.

Covestro starts up TPU plant in China

January 23, 2026 - The first phase has been completed for the project that will make the Zhuhai site the group’s main production hub for thermoplastic polyurethanes.

New chair for Covestro’s supervisory board

December 29, 2025 - Rainer Seele, former CEO of OMV and current head of chemicals at ADNOC subsidiary XRG, succeeds Richard Pott.

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.

LAST NEWS

BASF raises its 2026 outlook

July 15, 2026 - Higher prices and volumes drove second-quarter growth, prompting the chemicals group to raise its 2026 EBITDA forecast.

Aliplast expands recycling operations in Poland

July 15, 2026 - Hera Group has signed an agreement to acquire a plant from Kronos Polymer for sorting, grinding and washing polyethylene waste.

Brindisi polyethylene plant shuts down

July 15, 2026 - As set out in the protocol signed last year at the Ministry of Enterprises and Made in Italy, the Versalis unit will be placed in preserved state.

Viridor closes Quantafuel sites

July 14, 2026 - The British group is shutting down its European chemical recycling operations amid weak demand and regulatory uncertainty.

Alfagomma joins Danfoss

July 14, 2026 - The acquisition will combine complementary manufacturing, distribution and application capabilities in mobile and industrial hydraulics.

PET chemical recycling in Switzerland

July 10, 2026 - DePoly has inaugurated a demonstration plant for the depolymerisation of polyester waste at CIMO in Monthey, ahead of a planned move to industrial scale.

MOST POPULAR

Italy-based SAIP expands with U.S. acquisition

November 22, 2024 - The polyurethane equipment manufacturer acquires a majority stake in Linden Polyurethane.

UBE restructures nylon supply chain

February 11, 2025 - Production closures announced in Japan, Spain and Thailand as the company shifts focus from basic chemicals to specialties.

Elkem enters exclusive talks to sell Silicones division

September 24, 2025 - Negotiations launched with a potential buyer; closing of the transaction expected in mid-2026 if successful.

Novonor to sell Braskem stake

December 17, 2025 - A private equity vehicle backed by Vórtx Capital and IG4 Capital will take over Novonor’s stake and share control of the petrochemical group with Petrobras.

Trouble for two Vynova sites

January 21, 2026 - The European PVC producer has filed for insolvency for its plants in Wilhelmshaven, Germany, and Runcorn, United Kingdom.

EVENTS

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.