BASF PETRONAS expand joint venture activities in Kuantan

BASF and PETRONAS expand joint venture activities in Kuantan

1:15 PM, 17th June 2011
BASF and PETRONAS expand joint venture activities in Kuantan
Dr Martin Brudermüller, Member of the Board of Executive Directors, BASF SE.

 

The companies have jointly taken up a feasibility study for a new super absorbent polymers plant. The companies have also decided to look into the expansion of the existing production capacities of their joint venture BASF PETRONAS Chemicals Sdn Bhd.

KUALA LUMPUR, MALAYSIA: BASF and PETRONAS will commence a feasibility study for a new plant for superabsorbent polymers. The companies have also decided to look into the expansion of the existing production capacities of their joint venture BASF PETRONAS Chemicals Sdn Bhd.

 “Our joint venture BASF PETRONAS Chemicals plays an important role for us in achieving our Asia Pacific strategy for 2020. With this investment in high-growth specialty chemicals, we will position ourselves even better to serve our customers in Asia. With this capacity expansion and extension into superabsorbent polymers we extract further potential of our acrylics value chain in BASF PETRONAS Chemicals,” said Dr Martin Brudermüller, Member of the Board of Executive Directors, BASF SE.

The new investment will be part of BASF PETRONAS Chemicals Sdn Bhd, founded by BASF and PETRONAS in 1997. The company currently operates an integrated complex situated at the Gebeng Industrial Zone, Pahang. The company’s share of capital is 60 per cent held by BASF and 40 per cent by PETRONAS with a total investment of about RM 3.4 billion for production facilities for acrylic monomers, oxo products and butanediol.

(C) WOC News

 

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