1. Homepage
  2. Equities
  3. Germany
  4. Xetra
  5. Covestro AG
  6. News
  7. Summary
    1COV   DE0006062144

COVESTRO AG

(1COV)
  Report
Real-time Estimate Quote. Real-time Estimate Tradegate - 05/23 03:59:59 pm
40.985 EUR   +2.49%
06:20aCOVESTRO AG : Release of a capital market information
EQ
05/16COVESTRO AG : Release of a capital market information
EQ
05/12COVESTRO : Baader Bank reiterates its Buy rating
MD
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Covestro : receives first DNV adjustment certification for partial reduction factor γm1 of wind turbine blades using aging-resistant PU

01/13/2022 | 04:11am EDT

Covestrohas now received the first adjustment certification from DNV, the wind power industry's certification organization, for the so-called partial reduction factor γm1 of wind turbine blades made of aging-resistant polyurethane (PU). This factor is an important indicator of the long-term aging resistance of rotor blades and is also used to measure the long-term service performance of the blades. It is also the first time that DNV has evaluated and adjusted this factor.

To do so, DNV evaluated complex and rigorous comparative tests as well as theoretical analysis by Covestro. Based on design standards for wind rotor blades (DNVGL-ST-0376:2015), DNV confirmed and adjusted the partial reduction factor γm1 of polyurethane resin processed using the vacuum infusion process. This certification applies to the Baydur® 78BD085 PU resin and the Desmodur® 44CP20 hardener from Covestro.

Longer and lighter rotor blade designs

Resin materials must prove their long-term aging resistance before they can be given lower safety margins that allow for broader rotor blade design and application. For the first time ever, DNV has lowered the γm1 factor of polyurethane resin, marking an important milestone for Covestro.

Compared to epoxy resin, which is often used to manufacture rotor blades, polyurethane resin shows better mechanical properties. With a lower γm1 value, rotor blade designers can take full advantage of polyurethane and also achieve greater design freedom. As the need for longer and larger rotor blades increases, so does the weight of the blades. Therefore, weight reduction has become an important issue in the rotor blade industry. Polyurethane resin enables the production of lighter blades with the same length, which greatly improves the efficiency of blade production and its applications.

Dr. Irene Li, vice president of research and development for Covestro's Tailored Urethanes business entity in Asia Pacific, remarked, "We are pleased that the excellent performance of polyurethane has been recognized by a wind power industry's certification authority. As more and more polyurethane rotor blades are installed, we look forward to further innovations in polyurethane resin and the rapid development this will bring to the wind power industry."

Innovative materials in focus

For a long time, epoxy resin was the main material used in the production of wind rotor blades. For years, Covestro has invested in research into polyurethane resins to improve rotor blade performance and reduce manufacturing costs. Today, polyurethane - a new material in the field of wind rotor blade manufacturing - is rapidly gaining recognition in the market. With this innovative solution, Covestro aims to drive the use of renewable energy and, in the end, the shift to a circular economy.

Kim Sandgaard-Mørk, executive vice president of DNV's Renewable Energy Certification Division, said, "Wind turbine blades are becoming lighter and larger, while favorable feed-in tariffs for wind energy are gradually being reduced. This poses a challenge for cost control in wind rotor blade production and development. The wind power industry is therefore looking for new material applications while optimizing designs to reduce costs while ensuring optimal performance. By demonstrating the performance of polyurethane under the new blade standards and obtaining a new safety factor certification for its resin products, Covestro is blazing a new trail for blade design."

Disclaimer

Covestro AG published this content on 13 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 January 2022 09:10:03 UTC.


© Publicnow 2022
All news about COVESTRO AG
06:20aCOVESTRO AG : Release of a capital market information
EQ
05/16COVESTRO AG : Release of a capital market information
EQ
05/12COVESTRO : Baader Bank reiterates its Buy rating
MD
05/12COVESTRO AG : Notification and public disclosure of transactions by persons
EQ
05/10COVESTRO AG : Release of a capital market information
EQ
05/09COVESTRO AG : Notification and public disclosure of transactions by persons
EQ
05/06COVESTRO : Berenberg sticks Neutral
MD
05/05COVESTRO AG : Notification and public disclosure of transactions by persons
EQ
05/04COVESTRO : DZ Bank remains its Buy rating
MD
05/04COVESTRO : Gets a Buy rating from Goldman Sachs
MD
More news
Analyst Recommendations on COVESTRO AG
More recommendations
Financials
Sales 2022 17 809 M 19 031 M 19 031 M
Net income 2022 1 015 M 1 085 M 1 085 M
Net Debt 2022 1 969 M 2 104 M 2 104 M
P/E ratio 2022 7,33x
Yield 2022 6,64%
Capitalization 7 831 M 8 368 M 8 368 M
EV / Sales 2022 0,55x
EV / Sales 2023 0,57x
Nbr of Employees 18 023
Free-Float 97,0%
Chart COVESTRO AG
Duration : Period :
Covestro AG Technical Analysis Chart | 1COV | DE0006062144 | MarketScreener
Technical analysis trends COVESTRO AG
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 21
Last Close Price 39,99 €
Average target price 57,03 €
Spread / Average Target 42,6%
EPS Revisions
Managers and Directors
Markus Steilemann Chief Executive Officer
Thomas Toepfer Chief Financial Officer & Labor Director
Richard Pott Chairman-Supervisory Board
Klaus Schäfer Chief Technology Officer
Petra Kronen Vice Chairman-Supervisory Board
Sector and Competitors
1st jan.Capi. (M$)
COVESTRO AG-26.22%8 070
DOW INC.20.08%49 591
LG CHEM, LTD.-11.38%31 654
YUNNAN ENERGY NEW MATERIAL CO., LTD.-11.07%29 639
FORMOSA PLASTICS CORPORATION0.48%22 378
HANGZHOU FIRST APPLIED MATERIAL CO., LTD.-13.73%16 004