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BASF appoints new head for performance chemicals

December 21/2020

MOSCOW (MRC) --  Thomas Kloster, Senior Vice President, Automotive OEM Coatings Solutions EMEA, BASF Coatings GmbH, Munster, will, as President, assume responsibility for Performance Chemicals, effective February 1, 2021, as per the company's press release.

Kloster will take over from Anup Kothari.

Anup Kothari, President, Performance Chemicals, Ludwigshafen, will assume responsibility for the Division Nutrition & Health, Lampertheim at the same time.

As MRC informed before, Jose Carlos Corral Montilla has succeeded Dr. Marko Grozdanovic to become BTC Europes new Managing Director and Vice President. The company is BASFs European sales organisation which focuses on specialty chemicals. Thus, as of November 1, 2020, Jose Carlos Corral Montilla has become the new Managing Director and Vice President of BTC Europe.

We remind that German chemicals maker BASF said in early November it 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. BASF signed a memorandum of understanding with Abu Dhabi National Oil Company (ADNOC), Adani Group and Borealis AG in October 2019 to evaluate a collaboration to build the chemical site in Mundra, in Indias Gujarat state.

Ethylene and propylene are feedstocks for producing polyethylene (PE) and polypropylene (PP).

According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 1,760,950 tonnes in the first ten months of 2020, up by 3% year on year. Only high density polyethylene (HDPE) and linear low density polyethylene (LLDPE) shipments increased. At the same time, PP shipments to the Russian market reached 978,870 tonnes in  January-October 2020 (calculated using the formula: production minus exports plus imports minus producers' inventories as of 1 January, 2020). Supply of exclusively of PP random copolymer increased.

BASF is the leading chemical company. It produces a wide range of chemicals, for example solvents, amines, resins, glues, electronic-grade chemicals, industrial gases, basic petrochemicals and inorganic chemicals. The most important customers for this segment are the pharmaceutical, construction, textile and automotive industries.


mrcplast.com
Author:Margaret Volkova
Tags:Europe, PP, PE, LLDPE, crude and gaz condensate, propylene, HDPE, ethylene, petrochemistry, adhesives, BASF, Germany, India, Russia.
Category:General News
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