Magazine article Economic Review

BASF Studies Feasibility Plan for $500 Million Plant in S.E. Asia

Magazine article Economic Review

BASF Studies Feasibility Plan for $500 Million Plant in S.E. Asia

Article excerpt

BASF Studies Feasibility Plan for $ 500 million Plant in S.E. Asia

Dr. Hans Juergen Sturm, President of BASF South East Asia Regional Headquarters, stated in a speech that the Regional Headquarter is working on a detailed feasibility study for a world-scale plant to make acrylic acid and its derivatives, at a cost of the order of S-$500 million

He was speaking at a ceremony which he received a certificate for Regional Operational Headquarters from the Economic Development Board Chairman, Mr. Philip Yeo.

Dr. Sturm said that one of the possible sites for the plant was Singapore. The final decision on the investment and its specific location would depend on the study being made. This was expected to take about two years.

The BASF Group is the biggest producer of acrylic acid world-wide with capacities of 500,000 tonnes a year in Europe and the United States.

Dr. Sturm said that BASF's intended move into South-East Asia had been influenced by the fast growing market for acrylic acid derivatives in the region.

Acrylic Acid and its esters are intermediates for the production of environmentally compatible detergents, superabsorbers and a broad range of dispersions, which are used as raw materials for paints, lacquers, adhesives, coatings and binders for leather, paper and textiles.

BASF the German international chemical group, has 338 companies doing business in 160 countries, production plants in 35 countries and operates through 16 regional divisions and 24 operating (products) divisions. …

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