29 October 2018
Details
As part of its global MDI investment program,
Covestro plans to invest around EUR 300 million
in a new aniline production at its Antwerp site.
The launch of the new unit is expected for 2022.
As Covestro’s European hub for aniline,
the Antwerp site benefits from
* the attractive infrastructure and
* logistics at the heart of harbour and has access to
the necessary raw materials for aniline.
Aniline is an important starting material
for numerous chemical products including MDI.
MDI is then again a precursor for rigid foam
that may be used to provide thermal insulation
for buildings and insulation in the refrigeration chain.
The design and process technology of the new unit in Antwerp
will be based on Covestro’s best available technologies
in terms of process safety and energy efficiency.
The global MDI market is expected
to grow by about 5% per year in the long-term,
outgrowing the world’s global domestic product (GDP)
by some 2 percentage points.
With its global MDI investment program Covestro currently
accelerates its investment activities
to capitalize on the predicted strong MDI market growth.
Volker Weintritt,
Managing Director of Covestro in Antwerp
“Our Antwerp site plays a crucial role
in Covestro’s supply and production network
and this investment proves it will continue to do so in the future”
“The increase of our aniline production will ensure
a sustainable and efficient supply for our European MDI network
including the increasing capacities at our Spanish site in Tarragona.”
The investment project will eventually provide extra job positions.
Communications
51365 Leverkusen
Germany
Contact
Ann de Bie
Telephone +32 3540 3119
Email Ann.debie @covestro.com
Contact
Benjamin Schütz
Telephone +49 214 6009 2814
Email Benjamin.Schuetz @covestro.com
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