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Investment exceeds €500 million and adds 400,000 metric tons per year to BASF´s production capacity.
October 16, 2023
By: KERRY PIANOFORTE
Editor, Coatings World
In line with its customer-focused corporate strategy, BASF has expanded capacities for ethylene oxide and ethylene oxide derivatives at its Verbund site in Antwerp, Belgium. The investment adds about 400,000 metric tons per year to BASF’s production capacity for the corresponding products. “With the new plants we are supporting the continuous growth of our customers and are enhancing our market position in Europe,” says Hartwig Michels, President Petrochemicals, BASF. The investment, exceeding €500 million, comprises a second world-scale ethylene oxide plant, including capacity for purified ethylene oxide. In addition to ethylene oxide, the investment includes additional capacities for alkoxylates, which are derivatives of ethylene oxide and used in a wide range of applications such as in detergent and cleaning, automotive and construction industry. “Acting with the future in mind is key to our continued success in the European market. With this expansion, we will accelerate growth for us and our customers in Europe”, says Mary Kurian, President Care Chemicals, BASF. The expanded ethylene oxide and derivatives complex is also a major investment for the site in Antwerp. “The investment underlines the importance of our site for the BASF-group and creates further opportunities. To operate these world-scale installations, BASF Antwerp welcomed over 100 new colleagues; this number comes on top of the regular hires.”, says Jan Remeysen, CEO of BASF Antwerp.
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