German materials manufacturer Covestro presented advanced material solutions for mobility, robotics, and renewable energy at the China International Import Expo held in Shanghai. Covestro exhibited alongside its majority shareholder, the Abu Dhabi National Oil Company (ADNOC), which controls the manufacturer through its investment arm XRG, according to China Daily.
During the expo, Covestro entered into a memorandum of understanding with Chinese partner MEGA P&C Advanced Materials. Under the agreement, the two firms plan to jointly develop protective coatings designed for solar panels and wind turbines.
Covestro announced that it is expanding its investments and research and development operations across China. The planned expansion aims to support electric mobility and circular economy applications, reflecting growing commercial ties between UAE sovereign capital and Chinese green technology supply chains.
Sources
- China Daily · 2026-11-09
