BASF beats Elekeiroz to build Brazil's first acrylic acid plant

24 August 2011 22:15  [Source: ICIS news]

HOUSTON (ICIS)--BASF beat Elekeiroz to build Brazil's first acrylic acid plant, leaving the latter to reconsider what to do next, the Brazil-based producer said on Wednesday.

Both companies were considering acrylic acid projects at the Camacari complex in the state of Bahia.

Braskem would supply the plant with feedstock propylene.

Braskem chose BASF, the Brazilian newspaper O Valor reported.

As such, BASF announced that it would build a world-scale complex that will produce acrylic acid, butyl acrylate (butyl-A) and superabsorbent polymers (SAP).

The value of the project is €500m ($724m).

Elekeiroz decided to abandon its acrylic acid project because Brazil could not support two plants making the same product, O Valor reported.

With the loss of the acrylic acid plant, Elekeiroz will now revise its list of projects under consideration, the company told the Sao Paulo stock exchange (Bovespa). Such a review should occur in the upcoming months.

Possible projects to be reviewed include maleic anhydride (MA) and plasticisers, O Valor reported.

($1 = €0.69)

For more on MA or acrylic acid visit ICIS chemical intelligence
For more on BASF visit ICIS company intelligence

By: Al Greenwood
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