BASF Boosts Spending on MDI, Other Chemicals in North America
BASF Boosts Spending on MDI, Other Chemicals in North America
Attachment: BASF 1Q23 041423
Researched by Industrial Info Resources (Sugar Land, Texas)--Global chemical giant BASF SE (Ludwigshafen, Germany) saw an overall decline in sales volumes in first-quarter 2023, but enjoyed strong demand in its Agricultural and Chemicals, Materials and Surface Technologies businesses. As part of its five-year capital spending (capex) plan, BASF is earmarking 4 billion to 4.5 billion (US$4.42 billion to US$4.98 billion) for its North American activities, led by a major capacity expansion in Geismar, Louisiana.
Industrial Info is tracking more than $1.1 billion worth of active projects from BASF in the U.S. and Canada, about 70% of which is attributed to a pair of projects that are set to begin construction within the next 12 months. In North America, BASF is investing heavily in its production of methylene diphenyl isocyanate (MDI), an important intermediary in the manufacture of urethane-based materials as varied as furniture and shoes.
Subscribe Now!(All Fields Required)
Related Articles
Articles related to this company
- NavigatIIR: U.S. Petrochemical Producers Prep for Second-Quarter Maintenanc...
- Petrochemicals Drive U.S. Chemical Industry's Nearly 220 Maintenance Projec...
- Shell Adds to Geismar, Louisiana, Chemicals Sector with New Petrochemicals ...
- Industrial Info Tracking $3.2 Billion in BASF Projects
- Great Lakes Region Hosts $1.7 Billion in Varied Chemical Projects Nearing o...