Covestro and energy company RWE Supply & Trading have inked a long-term power purchase agreement (PPA) to supply renewable power from offshore wind turbines in the North Sea to Covestro’s production site in Antwerp, Belgium. Running from 2026 to 2030, the companies predict that the deal will increase the site’s renewable energy share from 45% to 60%, and CO2 emissions by 103,000 tons.
Replacing the expiring agreement, this new PPA is purposed to secures Covestro’s green energy supply until 2030. At the Antwerp site, Covestro manufactures polycarbonate, used in various applications like car headlights. The site also produces polyether and aniline, with plans for expansion via the construction of a new plant.
Aligned with its goal of achieving climate-neutral production by 2035, Covestro says it has been actively seeking and securing renewable energy contracts.
Dr Thorsten Dreier, chief technology officer at Covestro, commented, “We are convinced that our vision of a complete focus on the circular economy and climate neutrality is the only way to ensure the long-term success of our company.”
Ulf Kerstin, CCO of RWE, added, “We are delighted to support Covestro in achieving its ambitious sustainability goals and to be able to accelerate the transition to climate-neutral production. The great interest of our customers in green power underlines the importance of CO2-free power for the manufacturing industry.”
Dr Georg Wagner, managing director of Covestro in Antwerp, concluded, “With this and the use of sustainable raw materials and innovative recycling technologies, our production site is on the way to a climate-neutral and fully circular future.”
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