Covestro considers building a world-class MDI factory in China

Sinochem Xinwangxun Covestro stated on September 28 that it will restart the construction and investment project of a world-class MDI factory that was suspended at the beginning of 2020

Covestro predicts that by 2025, the global demand for rigid foam precursor MDI and flexible foam precursor TDI will increase at an annual rate of 6%

Covestro plans to use energy-efficient AdiP technology in new projects, which has been applied to the Bronsbit factory in Germany

Covestro initially budgeted $1.

Covestro announced in January 2020 that, in the face of challenging global market conditions, it would cease work on the planned 500,000-ton/year MDI plant in the Baytown, Texas production complex

Since the project was first announced in 2018, construction costs (including labor and materials) in the United States have increased significantly, which may cause the return on capital (ROCE) to be lower than originally expected, prompting it to re-examine the investment location