Page 56 - Plastics News Issue September2025

BUSINESS NEWS

“This innovation represents a significant step applications such as new energy vehicles and e-
toward enabling sustainable mobility through bikes, as well as portable battery generators.
enhanced safety,” said Akhil Singhania, Global
Head of PU Specialties in Covestro’s Tailored With continued innovation in materials science,
Urethanes Business Entity. “By launching our Covestro is supporting the development of next-
advanced flame-retardant technology, Coves- generation electric transportation by providing
tro reaffirms its commitment to innovation and a reliable technological foundation that meets
strengthens our product portfolio to meet the evolving safety and performance requirements.
evolving needs of the EV industry.” Forward-Looking Statements

This development comes at a pivotal time as EV This news release may contain forward-looking
adoption accelerates globally and safety regu- statements based on current assumptions and
lations become more demanding. As Chinese forecasts made by Covestro AG. Various known
automotive companies expand internationally, and unknown risks, uncertainties and other fac-
Covestro’s innovative materials solutions illus- tors could lead to material differences between
trate how technological advancements support the actual future results, financial situation, de-
successful cross-border market growth. velopment or performance of the company and

the estimates given here. These factors include
Comprehensive solutions for the new energy
ecosystem those discussed in Covestro’s public reports
which are available at www.covestro.com. The
Beyond encapsulation foams, Covestro offers a company assumes no liability whatsoever to
wide range of polyurethane-based solutions for update these forward-looking statements or to
EV batteries, including battery covers and shock- conform them to future events or developments.
absorbing materials. The new BaysafeBEF Source - COVESTRO
technology further strengthens Covestro’s po-
sition in the fast-growing new energy sector,
supporting safer, more reliable electric mobility

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56 PLASTICS NEWS September 2025