Two of the world's largest players in the polyurethane market announced investments in their respective businesses to start the week, with Bayer releasing news of a euro 5 million investment in a new technical center for the development of isocyanate production processes on Jan. 16, and BASF broadcasting plans to build a single-train 300,000 tonnes/yr production plant for TDI (toluene diisocyanate) in Germany a day later.
BASF's plans entail a total investment of about EUR1 billion and the creation of around 200 additional jobs in
Production is to start at the end of 2014, and will result in the shuttering of its 80,000 tonnes/yr TDI production plant in
Bayer MaterialScience, meanwhile, has commissioned a new hydrogenation technical center at its Chempark Dormagen site, saying the euro 5 million investment will allow it to pool its research activities for the efficient production of PUR precursors MDI and TDI.