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.
Categories
Investments
2018-10-01
€ 300 mln at Port Of Antwerp (BE)Chemical substances
Countries
Companies
Latest news
MSSA doubles production capacity for sodium methylate in La Rochelle, France
The strategic investment will double MSSA's annual production capacity for sodium methylate from 20,000 tonnes to 40,000 tonnes, reinforcing the company's commitment to meeting the growing demand f...
Dreexo Energy to Launch Circular Economy Plant in Cádiz, Advancing Sustainable Industry in Andalucía
Construction of a new facility in the Cádiz Free Trade Zone. The project is expected to break ground in early 2026 and be operational by year’s end.
BASF invests in new semiconductor-grade sulfuric acid plant in Ludwigshafen, Germany
BASF SE, Ludwigshafen →Essential ultra-pure chemical enabling advanced semiconductor manufacturing processes New capacity meets growing demand for the manufacturing of chips in Europe
Vioneo appoints Wood to design world’s first industrial scale fossil-free plastics facility in Antwerp, Belgium
Port Of Antwerp →the renewably powered and energy efficient plant will be the first facility in the world capable of achieving the production of fossil-free plastics using green methanol at an industrial scale.