This investment at the existing site in Baytown is reportedly the largest single investment in the history of the company.
Covestro recently announced its supervisory board of has approved an investment of around €1.5 billion (approximately $1.7 billion) to build a new MDI plant in Baytown, Texas.
This weekly roundup highlights the adhesives, sealants and coatings news stories that garnered the most attention during the previous week on our website, as well as our eNewsletter and social media platforms.
Additional expansion projects to increase capacity in Dow’s high-value performance silicones products and intermediates include a new specialty resin plant in Zhangjiagang, Jiangsu, China.
The Dow Chemical Co. recently announced new low capital intensity, high return investments in its upstream and downstream silicones franchise.
An unconditional closing of the purchase will take place in the next days.
Clariant recently announced that SABIC has received the final outstanding regulatory approvals from the competition authorities for the purchase of a 24.99% stake in Clariant.