SHANGHAI—Wanhua Chemical says it still has aspirations for a U.S. methylene diphenyl disocyanate facility, despite putting its Louisiana project on ice earlier this year.
"The environment is changing rapidly, the project investment cost has increased significantly, and the company is reassessing the scope of construction of the U.S. project," the firm said in a Nov. 1 statement to the Shanghai Stock Exchange Nov. 1.
The statement did not give a firm commitment to any U.S. location but said that it was still looking at building a 400,000 metric tons-per-year plant in the U.S. In September, Wanhua said it was postponing plans for a plant in Convent, La.
Wanhua plans to continue supplying U.S. customers from China and Europe until the plant is built.
The company declined to give a timeframe or provide any further details. But it promised to fulfill its information disclosure obligations "in a timely manner according to the progress of the work."