Covestro to increase aniline production in Antwerp
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.
Investments
Chemical substances
Countries
Companies
Latest news
Perstorp’s capacity expansion for pentaerythritol at Arnsberg, Germany, to go on-stream in May
Expansion will boost annual Penta production with 12,5%. Arnsberg Bruchhausen plant to produce the renewable polyols: Voxtar™ (Penta), Charmor™ Pro for intumescent coatings and Holtac™ Pro for lead...
LANXESS significantly expands benzyl alcohol capacity
Expansion by 30 percent at German site in Krefeld-Uerdingen. Further debottlenecking measures planned in India.
Farmers from Oltenia and Clariant to partner for a cleaner environment
Opportunity for significant extra revenues for farmers in Oltenia by selling straw residue to the cellulosic ethanol plant built by Clariant in Romania
Ercros expands its production capacity in Tortosa to meet the market demand
The combined capacity of the pentaerythritol and dipentaerythritol plants has increased by 5,000 t/year, which represents an increase of 17%, reaching a total capacity of 35,000 t/year; in the case...