Belgium: Chemicals Covestro to Invest 340 Million Dollars for Constructing New Aniline Production Plant
The company has chosen its Antwerp site for setting up the world class facility as the location is supported with superior infrastructure as well as logistics. Work on the new plant is expected to be complete by 2022.
Belgium – As part of its global MDI investment programme, Covestro plans to invest around 340 million dollars in a new aniline production plant 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.
An increase in aniline production will ensure a sustainable and efficient supply for the firm’s European MDI network including the increasing capacities at its 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 programme Covestro currently accelerates its investment activities to capitalise on the predicted strong MDI market growth.