US may become net MDI importer in 3-4 years – Bayer executive

21 March 2013 22:46  [Source: ICIS news]

HOUSTON (ICIS)--The US could become a net importer of methyl di-p-phenylene isocyanate (MDI) in the next three to four years, an executive with Bayer said on Thursday.

The US is currently a net exporter of MDI as well as toluene di-isocyanate (TDI), said Tim Chappell, product manager at Bayer. Chappell made his comments at the IHS World Petrochemical Conference.

However, increasing demand for MDI could make the US a net importer, he said.

Earlier in February, Huntsman CEO Peter Huntsman said world MDI demand will likely outpace capacity growth. The company is expanding its MDI capacity.

Chappell said the US would likely be the best location for any new capacity because of its advantages in energy. However, Asia will be the largest market.

The IHS World Petrochemical Conference lasts through Thursday.

By: Al Greenwood
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