> ## Content Index
> Fetch the complete content index at: https://www.pharmamanufacturingiq.com/llms.txt
> Use this file to discover other available public pages before exploring further.

# Covestro and XRG commence strategic partnership
- URL: https://www.pharmamanufacturingiq.com/covestro-and-xrg-commence-strategic-partnership/
- Published: 2025-12-11T14:00:00.000Z
- Updated: 2026-10-08T07:52:49.000Z
- Description: Covestro has announced the closing of its strategic partnership with XRG P.J.S.C. (formerly ADNOC International Limited, together with its subsidiaries in the following “XRG”).
- Author: PharmaManufacturing IQ Staff
- Tags: Finance & Investment, Collaborations, News

**Covestro has announced the closing of its strategic partnership with XRG P.J.S.C. (formerly ADNOC International Limited, together with its subsidiaries in the following “XRG”).**

![shutterstock_519880627.jpg](https://storage.ghost.io/c/60/72/60726370-522a-4be2-8a19-9f1f2cf4692f/content/images/2026/10/12878-shutterstock_519880627.jpg?cb=8467a67d9d4c3e392ebabb687ee7a07e "shutterstock_519880627.jpg")

Shutterstock - Elnur

The agreed capital increase of €1.17 billion was carried out as planned, providing Covestro with additional resources to support the implementation of its “Sustainable Future” strategy.

Dr. Markus Steilemann, CEO of Covestro, said: “With today’s closing of the transaction, we can now begin our joint journey with XRG. Together with XRG as a strong and long-term partner, we are well positioned to drive Covestro’s transformation and create long-term value for our customers, employees, and stakeholders worldwide.”

The closing of the transaction marks the official start of the partnership, building on all underlying agreements and prior regulatory clearances.