Covestro Embraces Waste Heat Recycling... Achieves 40,000-Ton Carbon Reduction
Investment of Tens of Millions of Euros... Largest Project in Company History
Application of Waste Heat Reuse Technology in TDI Process
Covestro, a global advanced materials company, has launched a large-scale investment to improve energy efficiency across its entire production process.
On May 20, Covestro announced that through this project, it expects to save several hundred GWh of energy annually and reduce carbon dioxide (CO₂) emissions by more than 40,000 tons per year. This reduction is equivalent to the annual emissions of approximately 20,000 cars. The investment, amounting to tens of millions of euros (worth several tens of billions of won), marks the largest energy efficiency improvement project in Covestro's history.
The company is enhancing energy efficiency by recycling waste heat generated during production. In particular, during the production of toluene diisocyanate (TDI), which is used in products such as mattresses and car seats, steam generated in the process is reintroduced into the system, allowing the reuse of low-temperature energy that was previously difficult to utilize. With this approach, the company aims to reduce both energy consumption and carbon emissions simultaneously.
Torsten Dreier, Chief Technology Officer (CTO) of Covestro, stated, "Energy efficiency is a key factor in achieving climate neutrality and transitioning to a circular economy. The more we reduce energy use, the greater the environmental benefits and economic competitiveness."
Covestro has reduced its energy consumption by approximately 40% from 2005 to 2022, and the company has set a goal to further reduce energy consumption per unit of product by 20% compared to 2020 levels by 2030.
Hot Picks Today
If They Fail Next Year, Bonus Drops to 97 Million Won... A Closer Look at Samsung Electronics DS Division’s 600M vs 460M vs 160M Performance Bonuses
- Opening a Bank Account in Korea Is Too Difficult..."Over 150,000 Won in Notarization Fees Just for a Child's Account and Debit Card" [Foreigner K-Finance Status]②
- Meta Begins 10% Workforce Reduction...Zuckerberg: "No Additional Company-Wide Layoffs This Year"
- Room Prices Soar from 60,000 to 760,000 Won and Sudden Cancellations: "We Won't Even Buy Water in Busan" — BTS Fans Outraged
- "Who Is Visiting Japan These Days?" The Once-Crowded Tourist Spots Empty Out... What's Happening?
Andreas Dörper, Global Energy Excellence Manager, said, "Maximizing the use of waste heat generated from our processes is a core strategy. We plan to expand the related technologies and solutions across all of our global production sites."
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.