The two new plants increase the scale of the largest production site of Covestro.
Covestro has started the construction works for two new polyurethane dispersions (PUDs) and elastomers plants in Shanghai
(China), in order to meet the local and global rising demand. The new facilities represent a combined investment of a mid-double-digit million-euro amount and will be located within the Covestro Integrated Site in Shanghai.
“These projects will contribute to the high-quality and sustainable development in China and beyond. They will also add to the scale and strength of our Shanghai site, which will be playing a key role in the quest of Covestro to becoming operational climate neutral by 2035,” has declared Holly Lei, the president of Covestro China.
The polyurethane dispersions and elastomers will be used in more environmentally compatible coatings and adhesives for a wide range of applications, including automotive, construction, furniture, packaging, offshore wind and solar energy and material handling: Covestro’s Bayhydrol® and Bayhytherm® raw materials are used in basecoats for automotive OEM as well as in wood, furniture and floor coatings, while adhesives formulated with Dispercoll® U are used in the furniture and automotive industry.
“With the new investment, we will be even better positioned to address the rising demand for more environmentally compatible coatings and adhesives across the globe. As one of the global leaders in this segment, we will continue to tap the trend where our customers turn to more sustainable waterborne systems with equally good properties to replace solvent-based products,” has added Zhong Xiaobin, the senior vice-president of the Coatings and Adhesives segment of Covestro in the Asia Pacific region.
“The new facility for polyurethane elastomers will ensure that we have a strong capacity to meet the needs of our customers. Our Desmodur® based polyurethane elastomers will serve a wider range of applications as they boast excellent performance, particularly in the field of sustainable energy,” has concluded Simon Chen, the head of Covestro’s Elastomers segment in Asia Pacific. "
The new facility is expected to become operational by 2023. Covestro has been investing in the Shanghai integrated site since 2001 and has already spent € 3.6 billion. Comprising eleven plants, it is the company’s largest site in the world and has obtained the ISCC PLUS mass balance certification.