04 July 2012 12:45 [Source: ICIS news]
LONDON (ICIS)--BASF plans to build a 155,000 tonne/year butadiene extraction plant at its site in ?xml:namespace>
The facility is scheduled to start operations in 2014, said BASF.
Although exact financial details were not disclosed, BASF said the investment amount will be in the “high double-digit million euro range”.
BASF said the decision was made in light of the increasingly tight supplies of butadiene on global markets.
It added that at the same time demand from the tire industry and other industries has been rising and this has led to a sharp increase in prices.
“With the plant, we will secure our supply of butadiene at a competitive cost,” said Uwe Kirchgassner, head of BASF’s regional business unit Basic Petrochemicals Europe.
“Furthermore, we will take advantage of opportunities on the attractive external market and thereby contribute to our long-term economic success,” Kirchgassner added.
BASF said the butadiene will be extracted from crude C4, a product from the steam cracker.
“This plant strengthens our Verbund production in
BASF's Verbund sites have interlinked production facilities.
“By improving the integration of the C4 value chain, we will also be able to reduce the need for logistics as well as traffic,” added de Geest.
Around 15 to 20 jobs will be created through the investment.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
Asian Chemical Connections