Wanhua and BorsodChem Invest in European MDI Storage

22.06.2017 -

Chinese chemical group Wanhua and its Hungarian subsidiary BorsodChem have invested in a new bulk storage facility for the isocyanate MDI at Rotterdam in the Netherlands. The facility, which will house two tanks, will be located at a site operated by leading chemical storage service provider LBC Tank Terminals.                      

The companies cite growing demand for MDI in Europe and the need to improve flexibility of supplies to customers in the region. Product stored at Rotterdam will be imported from China for the most part.

Wanhua is regarded as world’s largest MDI producer with more than 2,000 t/y of capacity worldwide. The Chinese company took over BorsodChem, the leading producer of MDI and TDI in central and eastern Europe, in 2011.