German Based Company to Spend $1.75B on New Baytown Facility.

October 12, 2018

German based polymer manufacturing company Covestro announced it will spend $1.75B to build a new Methylene Diphenyl Diiscyanate  (MDI) plant at their company owned site in Baytown, Texas.  Producing an estimated 500 kilotons a year and will replace the existing 90 kiloton train.  Annual maintenance costs should run at approximately $35 million/year.

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