Covation Biomaterials invests 10 billion yuan in Bio-PTMEG facility in China

Covation Biomaterials is making a 10 billion yuan multi-phase investment to build a Bio-PTMEG manufacturing facility in China. The facility will have a total planned capacity of 500,000 tons per year, targeting spandex, polyurethane, and performance material sectors.

“The 10 billion yuan multi-phase investment to build a Bio-PTMEG manufacturing facility is on track to create one of the world's largest producers of bio-based PTMEG.”chinadaily.com.cn

• 1 source
• chinadaily.com.cnCovation Biomaterials ups production to meet demand for sustainable textile solutions - Chinadaily.com.cnWang ZhuoqiongSep 24, 2025

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