Covestro named one of 50 most innovative companies of 2017

September 11, 2017

A sustainable production process has earned Covestro (Leverkusen, Germany) recognition from the German-language edition of Technology Review magazine as one of the 50 most innovative companies of 2017. Technology Review is published in three international editions by the Massachusetts Institute of Technology (MIT; Cambridge, MA).

Covestro researcher Dr. Gernot Jäger
Covestro researcher Dr. Gernot Jäger accepted the award from Technology Review during a ceremony in Berlin.

Covestro was singled out for the successful use of plant-based raw materials, in lieu of petroleum, to produce aniline, an important chemical compound in the chemical industry and the company’s manufacturing processes. 

Covestro developed the production process in collaboration with the University of Stuttgart, the CAT Catalytic Center at RWTH Aachen University and Bayer AG, and has confirmed its feasibility in the laboratory. One hundred percent of the carbon in the aniline produced in this way is derived from biomass. The process is now being carried over to production of greater technical dimensions, said Covestro. The ultimate goal is to produce bio-based aniline on an industrial scale, which would be an unprecedented achievement.

“We are delighted to be honored by Technology Review, and this recognition demonstrates once again our company’s great capacity for innovation,” said Dr. Markus Steilemann, Covestro’s Chief Commercial Officer, who is responsible for innovation, marketing and sales. “Being able to derive aniline from renewable raw materials is a further key step toward making the chemical and plastics industries more independent of scarce fossil raw materials and market fluctuations. It’s another example of how we are pursuing our vision for making the world a brighter place.” 

The magazine's top 50 includes start-ups as well as other multinational companies such as Amazon, Alphabet Inc. (Google), Merck and Daimler.

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