Firm considers licensing method to transform gas into plastic products

Covestro is open to prepare to license its cutting-edge technology to turn carbon dioxide into valuable plastic products to China, the CEO of the German materials manufacturer said.

Covestro, formerly Bayer MaterialScience, said it was going to license its technology of turning the unwelcome greenhouse gas into useful plastics - and China may be among those to adapt the innovation which could shake up the polyurethane industry with a reduced dependence on oil and a reduced carbon footprint size.

The group said that by using carbon dioxide to synthesize plastics, such as premium foams, Covestro was helping to preserve increasingly scarce fossil resources and close the carbon loop.