# 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.

- Type: Investment
- Announced: 2025-09-24
- Where: China, China
- Value: $1.40B (10.0B CNY)
- Status: announced
- Capacity: 500,000 tons per year
- Products: Bio-PTMEG, Sorona polymer, bio-based propanediol
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Covation Biomaterials](https://endata.com/companies/87339.md)

## Sources

- [chinadaily.com.cn](http://www.chinadaily.com.cn/a/202509/24/WS68d3de5ca3108622abca2b05_2.html), 2025-09-24: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.