Covestro and Majority Owner ADNOC Highlight China Expansion at CIIE in Shanghai

Specialty chemicals and materials producer Covestro presented advanced industrial solutions at the China International Import Expo (CIIE) in Shanghai in a joint showcase with majority shareholder Abu Dhabi National Oil Company (ADNOC). ADNOC holds its majority stake in Covestro via its international investment arm, XRG.

The joint exhibition highlighted Covestro's expanding research, development, and investment programs across China, targeting materials for electric vehicle components, renewable energy, and the circular economy. As part of its showcase, Covestro introduced ultra-low thermal conductivity polyurethane insulation boards designed to align with Shanghai's green building codes.

Covestro Chief Executive Officer Markus Steilemann highlighted the strategic role of the Chinese market as the company marks 25 years of local manufacturing operations. The joint presence reflects ADNOC's broader initiative to deploy portfolio companies across industrial hubs in East Asia and expand chemical manufacturing partnerships with Chinese industrial consumers.

Separately cited UAE trade data for the first nine months reported total non-oil foreign trade of AED 2.945 trillion, with China identified as one of the UAE's primary import partners alongside India and the United States.