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Wednesday 13 December 2017

Covestro invests €200 mn to increase MDI capacity in Spain




Covestro AG said that it will continue production in Tarragona (Spain) beyond 2020. The company will invest around €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 methylene diphenyl diisocyanate (MDI) plant, increasing production capacity by 50,000 metric tonnes to around 220,000 metric tonnes 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 tonnes of MDI annually by the end of 2018.

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