With immediate effect, or as existing contracts permit, BASF is increasing its European sales prices for ethanolamines (EOA) as follows:
• Monoethanolamine (MEOA) + 70 EUR/ mt
• Diethanolamine (DEOA) + 90 EUR/ mt
• Triethanolamine (TEOA) + 90 EUR/ mt
or by the equivalent amounts in local currency.
The price increase will also apply to current supply agreements as soon as and to the extent permitted by their terms and conditions.
Ethanolamines are high-class intermediates used in the manufacture of agrochemicals and wood protectants, surfactants for detergents and cleaning products, process chemicals for gas treatment, lubricants and cement additives as well as active pharmaceutical ingredients.
BASF produces EOA at its Verbund sites in Ludwigshafen, Germany; Antwerp, Belgium; and Nanjing, China.
BASF (basf.com) is the world’s leading chemical company: The Chemical Company. Its portfolio ranges from chemicals, plastics, performance products and crop protection products to oil and gas. We combine economic success, social responsibility and environmental protection. Through science and innovation we enable our customers in almost all industries to meet the current and future needs of society. Our products and system solutions contribute to conserving resources, ensuring healthy food and nutrition and helping to improve the quality of life. We have summed up this contribution in our corporate purpose: We create chemistry for a sustainable future. BASF posted sales of about €63.9 billion in 2010 and had approximately 109,000 employees as of the end of 2010. BASF shares are traded on the stock exchanges in Frankfurt (BAS), London (BFA) and Zurich (AN).