The group needs hydrogen for the production of foams.
(Photo: Covestro)
Berlin, Dusseldorf In German industry, the race for green hydrogen is picking up speed. The Leverkusen-based plastics manufacturer Covestro is pushing ahead with a supply agreement that is unique in the EU. In the future, the Dax group will purchase 100,000 tons of green hydrogen annually from the Australian manufacturer Fortescue Future Industries (FFI).
Both companies want to announce the agreement on a long-term supply relationship on Monday. They confirmed this to the Handelsblatt at the weekend. “We enable Covestro to save 900,000 tons of CO2 emissions per year,” said Andrew Forrest, founder and major shareholder of Fortescue.
Covestro and FFI are thus playing a pioneering role. Green hydrogen is a crucial lever for improving the climate balance by leaps and bounds, because the previous use of natural gas produces a lot of CO2. Chemical companies need large quantities of this green raw material.
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