Covestro Becomes Shareholder in Company BioBTX

Demonstration Plant Planned for New Chemical Recycling

Covestro AG, one of the world's leading manufacturers of polymer materials, has announced its investment in BioBTX, a company specializing in chemical recycling. Covestro has taken a significant stake in BioBTX, signaling its commitment to developing sustainable and innovative solutions in the chemical industry.

BioBTX has developed a process for the chemical recycling of mixed plastic waste, enabling the conversion of difficult-to-recycle plastics into valuable raw materials. The partnership between Covestro and BioBTX will facilitate the establishment of a demonstration plant for this technology, paving the way for the commercialization of BioBTX's groundbreaking process.

Covestro's Commitment to Sustainability

This investment aligns with Covestro's strategic focus on sustainability and its commitment to circular economy principles. The company aims to reduce its greenhouse gas emissions by 60% by 2030 and achieve climate neutrality by 2050. Chemical recycling plays a crucial role in this strategy by diverting plastic waste from landfills and promoting the use of renewable resources.

The collaboration between Covestro and BioBTX is a significant step towards advancing the chemical recycling industry and creating a more sustainable future for the planet. As the world faces the pressing challenge of plastic pollution, innovative technologies like BioBTX's hold immense promise for addressing this global issue.