With immediate effect, or as existing contracts permit, BASF is increasing its European sales prices for ethanolamines (EOA) as follows:
Monoethanolamine (MEOA) + 20 EUR/ mt
Diethanolamine (DEOA) + 30 EUR/ mt
Triethanolamine (TEOA) + 50 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 crop protection agents 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 ethanolamines at its Verbund sites in Ludwigshafen, Germany; Antwerp, Belgium; and Nanjing, China.
At BASF (basf.com), we create chemistry for a sustainable future. We combine economic success with environmental protection and social responsibility. The approximately 112,000 employees in the BASF Group work on contributing to the success of our customers in nearly all sectors and almost every country in the world. Our portfolio is organized into five segments: Chemicals, Performance Products, Functional Materials & Solutions, Agricultural Solutions and Oil & Gas. BASF generated sales of more than €70 billion in 2015. BASF shares are traded on the stock exchanges in Frankfurt (BAS), London (BFA) and Zurich (AN).