# Covestro to invest €1.5B in new MDI plant in Baytown, Texas

Covestro announced its supervisory board approved an investment of approximately €1.5 billion ($1.7 billion) to build a new MDI plant at its existing site in Baytown, Texas.

- Type: Investment
- Announced: 2018-10-12
- Where: Baytown, Texas, United States
- Value: $1.70B (1.50B EUR)
- Status: announced
- Products: MDI
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Covestro](https://endata.com/companies/1705.md)

## Sources

- [adhesivesmag.com](https://www.adhesivesmag.com/articles/keyword/2460-expansion?page=41), 2018-10-15: "Covestro recently announced its supervisory board of has approved an investment of around €1.5 billion (approximately $1.7 billion) to build a new MDI plant in Baytown, Texas."
- [adhesivesmag.com](https://www.adhesivesmag.com/articles/keyword/2259-resins-and-base-polymers?page=28), 2018-10-15: "Covestro recently announced its supervisory board of has approved an investment of around €1.5 billion (approximately $1.7 billion) to build a new MDI plant in Baytown, Texas."
- [pcimag.com](https://www.pcimag.com/articles/keyword/2303-capacity-expansions?page=10), 2018-11-21: "Covestro is accelerating its investment activities to capitalize on the strong MDI market growth, announcing plans to invest around €1.5 billion to build a new MDI plant in Baytown, Texas."

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