Covestro Breaks Ground on New TPU Production Site in China
Covestro broke ground on its new thermoplastic polyurethanes (TPU) production site in Zhuhai, China. The new site will be built in three phases and is expected to achieve up to a maximum annual production capacity of 120,000 tons of TPU after the final phase of expansion. The mechanical completion of the first phase is estimated for 2025. This will lead to a production capacity of about 30,000 tons per year. The initial investment for this first phase lies in the mid double-digit million Euro range. The final phase is expected to be completed in 2033.
The new TPU site will enable Covestro to provide high-performance yet sustainable solutions to its customers faster and more flexibly. At the new site in Zhuhai, Covestro will be able to offer products with the label "CQ,” meaning the products consist of at least 25% alternative, non-fossil raw materials. The site will also utilize the most advanced production technologies and be run on 100% renewable power.