echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > International Chemical > Covestro considers building a world-class MDI factory in China

    Covestro considers building a world-class MDI factory in China

    • Last Update: 2021-10-09
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    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




    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.