BASF postpones US plant expansion project
X
Waste Management Expo 2020 MAR 12&13 BIEC, Bengaluru, India

BASF postpones US plant expansion project

6:09 AM, 7th June 2016
BASF postpones US plant expansion project

LUDWIGSHAFEN, GERMANY/FREEPORT, US: BASF SE has postponed its final investment decision regarding the construction of a methane-to-propylene complex at its site in Freeport, US considering the current volatility of raw material prices and the prevailing economic environment.

“On-purpose production of propylene based on favourable US shale gas is interesting for BASF. We will regularly review the development of raw material prices and the relevant market conditions to determine the right point in time to commence such a major investment,” said Wayne Smith, member of the board of executive directors of BASF SE.

© Worldofchemicals News


Read the latest news from BASF:

BASF expands Laromer UV/EB acrylates capacity in Germany

0 Comments

Login

Your Comments (Up to 2000 characters)
Please respect our community and the integrity of its participants. WOC reserves the right to moderate and approve your comment.

Related News


Scientists fix broken bonds, leading to efficient catalyst for biofuel production

RICHLAND, US: While popular catalysts called zeolites could help turn paper manufacturing waste and other biomass into fuel, the catalyst crumbles aft ...

Read more
BASF expands Laromer UV/EB acrylates capacity in Germany

LUDWIGSHAFEN, GERMANY: BASF SE expands its existing production facilities for Laromer UV/EB acrylates, which are part of BASF’s C3-Verbund syste ...

Read more
Amec Foster bags EPC contract for LNG terminal in India

LONDON, UK: Amec Foster Wheeler has been awarded an engineering procurement and construction (EPC) contract by Indian Oil LNG Private Ltd (IOLPL) for ...

Read more
Widely used US farm chemical atrazine may threaten animals: EPA

CHICAGO, US: One of the most popular herbicides in US agriculture can be dangerous to animals and fish and leaves behind worrisome residue levels, the ...

Read more
SQM to increase potassium nitrate capacity

SANTIAGO, US: Sociedad Quimica y Minera de Chile SA (SQM) said it has decided to increase its total potassium nitrate production capacity by 500,000 m ...

Read more
Sumitomo to acquire stake in Indian agrochemicals firm

TOKYO, JAPAN/ MUMBAI, INDIA: Sumitomo Chemical Co Ltd has agreed to acquire 44.98 percent stake in Excel Crop Care Ltd, an Indian agrochemicals compan ...

Read more
www.worldofchemicals.com uses cookies to ensure that we give you the best experience on our website. By using this site, you agree to our Privacy Policy and our Terms of Use. X