# Covestro and XRG launch strategic partnership

Covestro AG announced the successful closing of its strategic partnership with XRG P.J.S.C., including a EUR 1.17 billion capital increase to support Covestro's 'Sustainable Future' strategy.

- Type: Partnership
- Announced: 2025-12-10
- Value: $1.23B (1.17B EUR)
- Status: completed
- Products: polymer materials
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Covestro](https://endata.com/companies/1705.md)
- [XRG](https://endata.com/companies/14160.md) (partner)

## Sources

- [covestro.com](https://www.covestro.com/press/covestro-and-xrg-commence-strategic-partnership-transaction-successfully-closed/), 2025-12-10: "With today's closing of the transaction, we can now begin our joint journey with XRG."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.