Covestro has approved an investment of around €1.5 billion to build a new world-scale methylene diphenyl diisocyanate (MDI) plant in Baytown, Texas. This investment at the existing site in Baytown is the largest single investment in the history of the company.
Total capacity of the new train will be 500 kilotons MDI per year, start of production is expected in 2024. At the same time an older, less efficient MDI unit of 90 kilotons production capacity will be closed. Thus, total MDI capacities of Covestro in the NAFTA region will reach around 740 kilotons per year making Covestro the industry capacity leader in the region by 2024. With that, Covestro will also strongly underline its global industry capacity leadership position.
Covestro has approved an investment of around €1.5 billion to build a new world-scale methylene diphenyl diisocyanate (MDI) plant in Baytown, Texas. This investment at the existing site in Baytown is the largest single investment in the history of the company.
Total capacity of the new train will be 500 kilotons MDI per year, start of production is expected in 2024. At the same time an older, less efficient MDI unit of 90 kilotons production capacity will be closed. Thus, total MDI capacities of Covestro in the NAFTA region will reach around 740 kilotons per year making Covestro the industry capacity leader in the region by 2024. With that, Covestro will also strongly underline its global industry capacity leadership position.
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