11 December 2017
DETAILS
Covestro announced today that it will continue production
in Tarragona (Spain) beyond 2020.
The company will invest around EUR 200 million
to increase the cost competitiveness at the site
by implementing various measures.
As a first step, it intends to build its own chlorine supply,
thus ensuring a highly efficient, sustainable
and independent supply of the crucial raw material.
Covestro will also debottleneck its local MDI plant,
increasing production capacity by 50,000 metric tons
to around 220,000 metric tons per year.
MDI is a precursor for rigid foam
– an excellent insulation material used, for example,
in buildings and refrigerators.
Debottlenecking will be carried out through 2022
while the start of chlorine production
is planned for the end of 2020.
External sources will supply the operation until 2020.
For the new chlorine production, Covestro intends to use
state-of-the-art energy efficient technology,
thus making the production of key raw materials
and subsequently overall production more efficient.
This investment will further leverage
the company’s existing global production network
and strengthen its existing commitment to MDI.
Covestro is already doubling its capacity at the German site
of Brunsbuettel (Germany) in order to produce
up to 400,000 metric tons of MDI anually by the end of 2018.
Patrick Thomas
CEO
“ We are fully committed to the MDI market and our site in Tarragona.
By debottlenecking and establishing our own chlorine supply,
this site will become an even more efficient and competitive plant
within our network,”
Dr. Markus Steilemann
Chief Commercial Officer (CCO)
“This investment is another step within our already
announced long-term investment strategy
following our smart capex approach to extend our capacities.
It is a cornerstone of our global growth strategy.”
“ We anticipate demand for MDI will continue to outgrow supply.
This investment therefore enables us to meet
the additional growth of our customers
and also supports our own organic growth.”
Communications
51365 Leverkusen
Germany
Contact
Lars Boelke
Telephone +49 214 6009 4206
Email: Lars.boelke@ covestro.com
Contact
Markus Kleine-Beck
Telephone +49 214 6009 6697
Email: markus.kleine-beck @covestro.com
WWW.CHEMWINFO.COM BY KHUN PHICHAI
