LEVERKUSEN, Germany – Materials manufacturer Covestro, Leverkusen, Germany, will continue production in Tarragona, Spain, beyond 2020. The company will invest around €200 million to increase the cost competitiveness at the site by implementing various measures. As a first step, it intends to build its own chlorine supply, thus ensuring a highly efficient, sustainable and independent supply of the crucial raw material.
Covestro will also debottleneck its local MDI plant, increasing production capacity by 50,000 metric tons to around 220,000 metric tons per year. MDI is a precursor for rigid foam.