Markus Steilemann

Money Moves

Leads Covestro's pivot to Asian MDI capacity

BASF's Geismar, Louisiana, plant can now make about 600,000 metric tons of MDI a year, nearly double its previous capacity. MDI is the chemical that becomes the rigid foam in building insulation, refrigerators and car parts. The $1 billion facility, inaugurated in November 2026, makes BASF the largest MDI producer in North America.

Updated 1 hour ago