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.
“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”, said Volker Weintritt, Managing Director of Covestro in Antwerp. “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.
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.
Versalis to acquire remaining 60% stake in Finproject to become the Italian leader in the production of special polymers
Closing is expected in the fourth quarter of 2021 and follows Versalis’ acquisition of 40% of the company which took place in July 2020. The operation will allow for the development of more special...
CF Industries Holdings, Inc. Commences Restart of Ammonia Plant at Billingham, UK, Complex
The restart follows an interim agreement reached today to cover the costs to restart the ammonia plant and produce CO2 for the UK market.
Versalis to acquire technologies and plants for the new mechanical recycling hub at Porto Marghera, Italy
Versalis accelerates developments in advanced mechanical recycling and expand the portfolio of the Versalis Revive® range of recycled polymers, consolidating its European leadership in recycled sty...
Shell to build one of Europe’s biggest biofuels facilities in Rotterdam, The Netherlands
Shell announced to build an 820,000-tonnes-a-year biofuels facility that will be among the biggest in Europe to produce sustainable aviation fuel (SAF) and renewable diesel made from waste.