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BASF breaks ground on cathode materials plant in Germany

November 16/2020

MOSCOW (MRC) -- BASF has broken ground on a new cathode active materials production plant, said Chemweek.

The plant in Schwarzheide, Germany is scheduled to come online in 2022, creating 150 new jobs and will enable the supply of around 400,000 full electric vehicles a year. This new site will complement BASFs multi-step investment plan in the European battery materials market, using precursors from the companys previously announced plant in Harjavalta, Finland.

The German government are putting 175m towards the project which is part of the Important Project of Common European Interest (IPCEI) approved by the European Commission in December 2019, under the EU State aid rules.

As MRC informed earlier, BASF has restarted toluene diisocyanate (TDI) production at its 300,000-metric ton/year plant in Ludwigshafen, Germany, although output has not yet increased sufficiently for the company to lift a force majeure (FM) it declared in August.

As MRC informed earlier, BASF had put a project to build a petrochemicals complex in India worth up to USD4 billion on hold due to the economic uncertainty caused by the COVID-19 pandemic.

We remind that Russia's output of chemical products rose in September 2020 by 6.7% year on year. At the same time, production of basic chemicals increased by 6.1% year on year in the first nine months of 2020, according to Rosstat's data. According to the Federal State Statistics Service of the Russian Federation, polymers in primary form accounted for the greatest increase in the January-September output. Last month's production of primary polymers decreased to 852,000 tonnes from 888,000 tonnes in August due to shutdowns in Tomsk, Ufa and Kazan. Overall output of polymers in primary form totalled 7,480,000 tonnes over the stated period, up by 16.4%  year on year.
Author:Anna Larionova
Tags:petroleum products, crude oil, PP, PE, neftegaz, petrochemistry, BASF.
Category:General News
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