BASF to build butadiene extraction plant in Antwerp
Ludwigshafen, Germany and Antwerp, Belgium 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 tire industry and other industries has been rising. This has led to a considerable increase in prices.
“With the plant, we will secure our supply of butadiene at a competitive cost,” said Dr. Uwe Kirchgäßner, 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,” Kirchgäßner added.
The butadiene will be extracted from crude C4, a product from the steam cracker. “This plant strengthens our Verbund production in Antwerp and is a very important investment at the site,” said Wouter de Geest, CEO of BASF Antwerpen NV. “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. Through the investment about 15 to 20 jobs will be created.
In Europe, BASF already operates a butadiene extraction plant at its Verbund site in Ludwigshafen, Germany, with an annual production capacity of 105,000 metric tons. Butadiene is a raw material that can be used to produce synthetic rubber, among other applications. The tire industry is one of the main consumers of butadiene. Other applications for butadiene include paper chemicals and plastics production.
About BASF
BASF is the world’s leading chemical company: The Chemical Company. Its portfolio ranges from chemicals, plastics, performance products and crop protection products to oil and gas. We combine economic success, social responsibility and environmental protection. Through science and innovation we enable our customers in almost all industries to meet the current and future needs of society. Our products and system solutions contribute to conserving resources, ensuring healthy food and nutrition and helping to improve the quality of life. We have summed up this contribution in our corporate purpose: We create chemistry for a sustainable future. BASF posted sales of about €73.5 billion in 2011 and had more than 111,000 employees as of the end of the year. BASF shares are traded on the stock exchanges in Frankfurt (BAS), London (BFA) and Zurich (AN). Further information on BASF is available on the Internet at www.basf.com
Categories
Investments
2012-07-01
at Port Of Antwerp (BE)Chemical substances
Countries
Companies
Latest news
NEXTCHEM awarded a feasibility study by Mana Group and Equinor for the production of sustainable fuels in Norway leveraging its NX Circular™ technology
With the support of NEXTCHEM, Mana (NG Nordic) and Equinor are entering an early-stage strategic partnership to explore the potential development of the Nordics' first large-scale waste-to-methanol...
A circular economy pioneer
REMONDIS' Lippe Plant →Founded back in 1991, RETERRA has transformed itself from a regional composting business into a nationwide biomass management specialist.
ECLUSE Scheldt Tunnel Completed: Belgium’s longest microtunnel is now a reality
Port Of Antwerp →Work on extending the ECLUSE steam network from the left to the right bank of the Scheldt has reached a major milestone. The tunnel that will carry the pipelines beneath the river has now been comp...
PureCycle Receives REACH Certification, Unlocking EU Sales of PureFive™ Resin
Port Of Antwerp →PureCycle Technologies has received the REACH Certificate of Compliance, allowing the Company to sell PureFive™ resin to customers in the European Union. PureCycle has plans to build its first Euro...
