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The 10-year agreement increases the share of renewable energy in Covestro’s total electricity consumption in Spain from less than 10% to approximately 30%.
The CoverFlexx Group manufactures and sells coatings for automotive refinish and aftermarket applications, focused on economy customers in North America.
The partnership offers a solution to recycle any brand of unwanted latex or acrylic paint. Consumers can simply place cans of leftover paint in a box and ship it using the pre-affixed shipping label.
The report from MarketsandMarkets projects market growth driven by a surge in demand attributed to stringent regulations imposed by various governments on the permissible levels of VOCs.
The project will save over 310,000 tons of carbon every year, and will cover the net purchased electricity load for all 14 of INEOS O&P's manufacturing facilities in the United States.
A recent study by Grand View Research explores over 1,000 markets at regional and global levels, highlighting the CASE, paint and coatings, and packaging industries, among others, as drivers.
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