Germany/USA: Planned World-Scale Plant BASF to Postpone Investment Decision in Texas
Chemical Giant BASF has postponed the decision on its planned natural gas-based propylene investment in Freeport, Texas.
Ludwigshafen/Germany, Freeport/Texas – Considering the current volatility of raw material prices and the prevailing economic environment, BASF has postponed its final investment decision regarding the construction of a methane-topropylene complex at its Freeport, Texas, 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.