Covestro is set to invest €100 million in its global R&D infrastructure over the next three years. The company, a leading supplier of high-performance materials, is looking to strengthen its position in the market by focusing on future technologies and sustainability. The investment will be used to upgrade and modernize Covestro's existing R&D assets, as well as to expand the company's digital capabilities. This includes the use of digital R&D simulations to support the development of new recycling innovations.
One of the key areas of focus for Covestro's R&D investment is the company's transition to a circular economy. The company is looking to become fully circular, and sees its R&D efforts as a critical part of this strategy. Covestro is also looking to drive the development of more sustainable solutions for its customers, particularly in its core industries of automotive and construction. By investing in R&D, the company is aiming to expand its innovation pipeline and meet the growing demand for climate-neutral products.
In addition to its focus on sustainability, Covestro is also looking to enhance its R&D capabilities for future technologies. The company is particularly interested in the use of digital tools and simulations to support its research and development efforts. Covestro is also exploring new ways to leverage high-performance computing to accelerate its innovation processes. The company is already using these digital tools to support its work on chemical recycling and the development of new molecule classifications.
Overall, Covestro's €100 million R&D investment is a key part of the company's long-term strategy to drive growth and innovation. By focusing on future technologies and sustainability, Covestro is looking to secure its position as a leading supplier of high-performance materials. The company's investment in digital R&D tools and infrastructure is also a critical part of this strategy, as Covestro looks to stay ahead of the competition and meet the evolving needs of its customers.
