Covestro and Katoen Natie Partner to Reduce Carbon Emissions with Electric Truck Fleet

This project replaces diesel vehicles with five new electric trucks in a first phase for the transportation between Covestro's facility and Katoen Natie warehouse in Rayong. With this, Covestro Map Ta Phut site becomes the first among Covestro sites in the Asia-Pacific region to use electric bulk trucks. Starting from July 2025, the shuttle trips, covering more than 200,000 kilometers annually will be performed by electric vehicles (EVs). The transition is expected to reduce greenhouse gas emissions around 400 tons per year, equivalent to the environmental impact of planting 20,000 trees.

The initiative reflects Covestro's and Katoen Natie's long-term partnership and shared environmental goals. By integrating electric trucks into their daily operations, they are actively contributing to a cleaner, more sustainable future.

"The transition to clean energy is a cornerstone of our sustainability strategy," stated Kenny Van der Beken, CEO at Katoen Natie Services (Thailand) Company Limited. "These EV trucks, combined with other initiatives such as solar panel expansion and electric forklifts, will help us achieve a 33% reduction in CO? emissions across our operations."

To achieve scope 3 greenhouse gas emissions goal - net zero tons of CO? by 2050, Covestro is scrutinizing every part of its supply chain. Cutting indirect emissions from both upstream and downstream activities is essential for this goal, as these sources account for approximately 80 percent of the company's overall emissions footprint.

"This partnership between Covestro and Katoen Naties demonstrates our tangible commitment to reducing emissions across our entire supply chain. The project aligns with Thailand's sustainability goals and creates a scalable solution that could be implemented across other Covestro operations globally", added Chaiyut Changjenrob, Site Manager - Covestro Map Ta Phut site, Covestro (Thailand) Co., Ltd.

As part of the next steps on green logistics journey, Covestro is exploring the feasibility of implementing a standalone electric pellet conveying system at the Covestro Map Ta Phut site to replace the current diesel-powered system. This initiative, developed in close collaboration with Katoen Natie, represents a strategic move to reducing emissions across our logistics operations. Through dedicated partnership with Katoen Natie, Covestro is advancing its sustainability agenda while maintaining economic efficiency.

About Covestro:

Covestro is one of the world's leading manufacturers of high-quality polymer materials and their components. With its innovative products, processes and methods, the company helps enhance sustainability and the quality of life in many areas. Covestro supplies customers around the world in key industries such as mobility, building and living, as well as the electrical and electronics sector. In addition, polymers from Covestro are also used in sectors such as sports and leisure, telecommunications and health, as well as in the chemical industry itself.

The company is geared completely to the circular economy. In addition, Covestro aims to achieve climate neutrality for its Scope 1 and Scope 2 emissions by 2035, and the Group's Scope 3 emissions are also set to be climate neutral by 2050. Covestro generated sales of EUR 14.2 billion in fiscal year 2024. At the end of 2024, the company had 46 production sites worldwide and employed approximately 17,500 people (calculated as full-time equivalents).

Find more information at the Covestro Homepage.

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Forward-looking statements

This news release may contain forward-looking statements based on current assumptions and forecasts made by Covestro AG. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. These factors include those discussed in Covestro's public reports, which are available at www.covestro.com. The company assumes no liability whatsoever to update these forward-looking statements or to conform them to future events or developments.

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