17 December 2010 11:03 [Source: ICIS news]
SHANGHAI (ICIS)--Chemical giant BASF and ?xml:namespace>
The plans include the construction of a new acrylic acid facility with a capacity of 160,000 tonnes/year, a new butyl acrylate plant, as well as capacity increases at the 2-propyl-heptanol, styrene monomer and non-ionic surfactants plants, BASF said.
The acrylic acid plant will supply feedstock to a superabsorbent polymers plant, which will be constructed as part of an ongoing expansion project, BASF added.
The new investments under consideration also include a new hydrogen peroxide-propylene oxide facility, it said.
The final scope of the proposed investments will be determined after conducting joint feasibility studies for each of the projects, the Germany-based chemical major said.
“As the Chinese market continues its rapid growth, we are committed to enhancing our position by further expanding our specialty chemicals business,” said Dr Martin Brudermuller, a member of BASF’s board of executive directors with responsibility for Asia-Pacific.
BASF intends to produce 70% of its Asia-Pacific sales in the region by 2020. “The continued development of our local production base in
BASF plans to invest approximately €2bn in Asia-Pacific between 2009 and 2013, the release said.
($1 = €0.76)
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