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BASF Evaluates Natural Gas-based Investment in the United States - BASF is evaluating an investment in a world-scale methane-to-propylene complex on the U.S. Gulf Coast - BASF.com
BASF Evaluates Natural Gas-based Investment in the United States

 

PRZOOM - /newswire/ - Ludwigshafen, Germany, 2014/05/02 - BASF is evaluating an investment in a world-scale methane-to-propylene complex on the U.S. Gulf Coast - BASF.com. DE000BASF111

   
 
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• World-scale, methane-based propylene complex on the U.S. Gulf Coast;
• Stronger backward integration in North America.

The on-purpose production of propylene to supply the company’s North American operations would allow BASF to take advantage of low gas prices due to U.S. shale gas production and considerably improve its cost position. This would be BASF’s largest single-plant investment to date.

BASF intends to further strengthen its backward integration into propylene and grow its propylene-based downstream activities, leading to a stronger market position in North America. Propylene is one of the most important basic chemicals in the petrochemical industry and is used in the production of a wide range of higher-value chemicals. These chemicals are used to manufacture products such as coatings, detergents or superabsorbent polymers for baby diapers.

Details on the potential investment, including the capacity of the plant, investment amount and exact location are currently under evaluation.

About BASF

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 with environmental protection and social responsibility. Through science and innovation, we enable our customers in nearly every industry to meet the current and future needs of society. Our products and solutions contribute to conserving resources, ensuring nutrition and improving quality of life. We have summed up this contribution in our corporate purpose: We create chemistry for a sustainable future. BASF had sales of about €74 billion in 2013 and over 112,000 employees as of the end of the year. BASF shares are traded on the stock exchanges in Frankfurt (BAS), London (BFA) and Zurich (AN).

 
 
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Agency / Source: BASF

 
 

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BASF Evaluates Natural Gas-based Investment in the United States

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BASF |
Contact: Holger Kapp - BASF.com 
+49 621 60-41040 holger.kapp[.]basf.com
 
PRZOOM / PRTODAY - Newswire Today disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any BASF securities in any jurisdiction including any other companies listed or named in this release.

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