New World Scale Production Plant BASF to Built New Formic Acid Plant in the USA
BASF announced its plans to build a world scale production plant for formic acid at its site in Geismar in the state of Louisiana. The new plant has an annual capacity of more than 50 000 tons.
Florham Park, New Jersey/USA – The plant will be the only formic acid production site in North America and allows BASF to supply strategic markets as fas as South America. Start-up is expected in the second quarter of 2014. The company currently operates two formic acid production plants located in Ludwigshafen in Germany and Nanjing in China, with a total annual capacity of more than 255 000 tons.
The application areas for formic acid are far-reaching: It is used in the oil field industry as part of the drilling and completion process, as well as in shale gas exploration to promote extraction. Formic acid is an de-scaling agent, and is used in industrial cleaning to remove mineral deposits from desalination plants and refineries.
“This investment demonstrates our commitment to the increasing market demand in North and South America driven by current and new applications of the versatile formic acid. We will be able to serve our customers better with shorter lead times and greater supply reliability. It also reinforces BASF’s global leading position in formic acid with production in Europe, North America and Asia”, says Soeren Hildebrandt, Senior Vice President of BASF’s Intermediates division.