ERJ staff report (DS)
Ludwigshafen, Germany - BASF plans to build a butadiene extraction plant at its Verbund site in Antwerp, Belgium. The plant will have an annual production capacity of 155,000 metric tons and is scheduled to start up during 2014. The investment amount will be in the high double-digit million euro range.
The decision has been made in light of the increasingly tight supplies of butadiene on global markets. In recent years, the volumes of butadiene available on the market have declined sharply. At the same time, demand from the tyre industry and other industries has been rising. This has led to a considerable increase in prices
â€We will take advantage of opportunities on the attractive external market and thereby contribute to our long-term economic success,â€ said Dr. Uwe KirchgÃ¤ssner, head of BASF's regional business unit Basic Petrochemicals Europe
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Press release from BASF