BASF and Petronas Chemicals Group Berhad (PCG) intend to invest US$ 500 million in an integrated aroma ingredients project at their existing joint venture site BASF Petronas Chemicals in Gebeng, Kuantan. With this investment, the partners will help meet the globally growing demands of customers in the flavor and fragrance industry, especially in Asia Pacific.

5,600 billion Euros is the ultimate Grand Prix for chemicals. But the winner is by no means identified — The chemical industry experienced above-average growth globally. With this development, chemical companies could pocket 5,600 billion Euros per year till 2035. But the global distribution is not equal: The North American market is growing strongly whereas the market in Europe has stagnated. The consequence: The significance of the old continent could get marginalized for this industry. There is still time to change course.

The new plant is expected to commence in 2022 and aims to increase BASF’s global Tert-Butylamine production capacity by more than 30 % annually. The facility will support the growth of the firm’s customers in the rubber, tire, agricultural and pharmaceutical industries.

Dr. Carola Richter succeeded Dr. Ramkumar Dhruva and has taken charge of her new post from July 1, 2019. Previously, she has held various management positions in Hong Kong and Germany.

With an aim to create a new company experience for its customers, BASF has plans to reduce about 6,000 positions across the globe by the end of 2021 under its new development strategy. The transformation will also include leaner structures and simplified processes.

Chemical giant BASF reports the spillage of several hundred kilogramm of chemicals into the river Rhine.

BASF and China Petroleum & Chemical Corporation (“Sinopec”) have completed a joint feasibility study and taken the next steps in the establishment of a world-scale isononanol (INA) plant in Maoming, Guangdong/China.

Once complete, the project is expected to reduce carbon emissions and increase energy efficiency in producing dimethyl ether from synthesis gas. Under the terms of the agreement, Lutianhua will invest in and construct the unit by making use of the breakthrough technology co-developed by BASF and Linde.

BASF and Petronas announced that the Heads of Agreement (HoA) between the two parties for a joint speciality chemicals venture within Petronas’ Refinery & Petrochemical Integrated Development (Rapid) project in Pengerang, Johor/Malaysia, has been terminated by mutual agreement.

Petronas and Evonik Industries signed a Letter of Intent (LOI) to jointly embark on the development of production facilities of specialty chemicals within Petronas’ Refinery & Petrochemical Integrated Development (Rapid) project in Pengerang, Johor/Malaysia.