LEVERKUSEN, Germany — Covestro has signed a loan facility with the European Investment Bank (EIB) for €225 million. The loan will provide medium-term funding to strengthen the company’s research and development (R&D) work in the areas of sustainability and circular economy within the European Union.
Discussions with EIB started in 2019 to identify R&D projects that would be compatible with the financing requirements of the EIB. These require that funding is applied to projects that meet high standards of technical, ecological and social responsibility.