- Covestro plans to invest EUR 300 million in a new aniline production unit in Antwerp.
- The new unit is expected to launch in 2022.
- Aniline is a key material for MDI, used in thermal insulation and refrigeration.
- The project will create additional job positions.
Investment and Timeline
As part of its global MDI investment program, Covestro plans to invest around EUR 300 million in a new aniline production unit at its Antwerp site. The launch of the new unit is expected for 2022.
Strategic Importance
The Antwerp site, Covestro’s European hub for aniline, benefits from its strategic location with access to necessary raw materials and robust infrastructure. Aniline is a crucial starting material for numerous chemical products, including MDI, which is used in rigid foam for thermal insulation in buildings and refrigeration.
Operational Efficiency
The design and process technology of the new unit will incorporate Covestro’s best available technologies, focusing on process safety and energy efficiency. This investment aims to ensure a sustainable and efficient supply for Covestro’s European MDI network, including increasing capacities at the Spanish site in Tarragona.
Market Growth
The global MDI market is projected to grow by about 5% per year in the long term, outpacing global GDP growth by approximately 2 percentage points. Covestro’s investment activities are geared towards capitalizing on this predicted strong market growth.
Job Creation
The investment project will also result in the creation of additional job positions, further contributing to the local economy.
