As one of the pathways towards decarbonization and ultimately net-zero in 2050, Covestro is investing in the green hydrogen market.
The German polymer supplier announced in 2022 a long-term green hydrogen supply agreement with Fortescue Future Industries to ship, as of 2024, up to 100k tonnes of green hydrogen (and its derivatives) to Covestro’s sites in Europe and other parts of the world. This arrangement is expected to help Covestro reduce its GHG emissions by up to 900 Kt of CO2 equivalent a year by switching from grey to green hydrogen.