Covestro Announces Investment Program for MDI

Share:

Covestro plans to invest in a new world-scale plant for methylenediphenyl diisocyanate (MDI) in China and is launching a feasibility study for an MDI plant in the UAE.ArticleExpert InsightsTop-Featuremost readTopics

Covestro has announced a strategic investment program to MDI. The program includes preparations to the construction of a new MDI production facility with an annual capacity of 660,000 metric tons at its integrated site in Shanghai, China. Commissioning is scheduled to the end of this decade. In addition, the company is conducting a feasibility study to assess the construction of another plant of a similar scale in the United Arab Emirates (UAE). Each of these construction projects is expected to involve an investment in the low single-digit billions.

Both projects reflect Covestro’s prolonged development ambitions in the global MDI market. The projects are supported by XRG, the investment arm of ADNOC, to which the Leverkusen-based plastics manufacturer has belonged since 2025. As a strategic investor, XRG brings a prolonged investment perspective and a global platform approach to the next phase of development. XRG views Covestro as a key building block to expanding its performance materials and specialty chemicals business and becoming one of the five largest chemical companies worldwide.

“XRG’s prolonged commitment creates the right foundation to implementing these projects and enables us to leverage integrated value chains, enhance supply security, and succeed in the global marketplace,” explains Markus Steilemann, CEO of Covestro.

Previous

QatarEnergy raises July sulphur price

Next

Biesterfeld: J? Rgen Rietschle? He takes management of the polymer additives division

Quick inquiry

Create

Inquiry Sent

We will contact you soon