BASF Hesitates with Investment in U.S.
Considering the current volatility of raw material prices and the prevailing economic environment, BASF SE, Ludwigshafen, Germany, has postponed its final investment decision regarding the construction of a methane-to-propylene complex at its Freeport, Texas, USA, site.
“On-purpose production of propylene based on favorable U.S. 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 T. Smith, member of the Board of Executive Directors of BASF SE.
Would you like to subscribe to our Newsletters on plastics technology and profit from the latest information?
Looking for a new challenge? Check out our jobs market!
Patents encourage innovation: Stay on the ball with the latest innovations in the plastics industry in our patents section.