Covestro re-examines location for world-scale MDI plant

Covestro announced it intends to proceed with a world-scale MDI plant, re-examining the location between the US and China due to increased US construction costs. The company had suspended plans for a 500,000 tonne/year plant in Baytown, Texas in early 2020.

“Construction costs in the US have significantly increased, leading to a lower return on capital employed versus our original plan.”everchem.com

• 3 sources
• everchem.comCovestro MDI Expansion Plans - Everchem Specialty ChemicalsSep 28, 2021
• covestro.comCovestro raises investment in sustainable growthSep 28, 2021
• icis.comHigher costs drive re-examination of Covestro MDI plant location plans – CEONov 28, 2021

Summarized from public sources; check the original articles before acting on it.