BASF Confirms Final Phase of MDI Expansion at Louisiana Site
19 July 2022 - 11:52PM
Dow Jones News
By Ed Frankl
BASF SE on Tuesday confirmed that it would move forward with the
final phase of expanding its production site in Louisiana, with a
total investment of $780 million between 2022 and 2025.
The German chemical company said the expansion project for the
production of methylene diphenyl diisocyanate, a raw material for
polymers better known as MDI, at its Verbund site in Geismar, La.,
would increase production to 600,000 metric tons by 2025.
The expansion project began in 2018 with a staggered approach
consisiting of three investment phases, BASF added.
"This investment underlines our commitment to North America and
strengthens BASF's supply reliability and the competitiveness of
our customers' value chains in the region," said Michael Heinz,
chief executive of BASF's North American operations.
Write to Ed Frankl at edward.frankl@dowjones.com
(END) Dow Jones Newswires
July 19, 2022 09:37 ET (13:37 GMT)
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