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BASF raises prices for BDO and derivatives in North America

June 02/2021

MOSCOW (MRC) --  BASF, the world's petrochemical major, has increased prices in North America for 1,4-Butanediol (BDO) and derivatives, as per the company's press release.

Thus, prices for the products mentioned above grew effective May 15, 2021 or as existing contracts permit, as follows: 1,4- Butanediol (BDO) - by USD0.15/lb; Gamma-Butyrolactone (GBL) - by USD0.15/lb; N-Methylpyrrolidone (NMP) - by USD0.15/lb; Tetrahydrofuran (THF) - USD0.25/lb; Polytetramethylene ether glycol  (PolyTHF) - by USD0.25/lb.

BDO and its derivatives are used for producing engineering plastics, polyurethanes, pharmaceuticals, solvents and elastic spandex fibers. 

As MRC reported earlier, Saudi chemical manufacturing company SABIC has signed a joint agreement with BASF and Linde to develop and demonstrate solutions for electrically heated steam cracker furnaces. The partners have already jointly worked on concepts to use renewable electricity instead of the fossil fuel gas typically used for the heating process. With this innovative approach focusing on one of the petrochemical industries core processes, the parties strive to offer a promising solution to significantly contribute to the reduction of CO2 emissions within the chemical industry.

Ethylene and propylene are the main feedstocks for the production of polyethylene (PE) and polypropylene (PP), respectively.

According to MR''s ScanPlast report, Russia's estimated PE consumption totalled 576,270 tonnes in the first three month of 2021, up by 4% year on year. Low density polyethylene (LDPE) and high density polyethylene (HDPE) shipments increased. At the same time, PP shipments to the Russian market totalled 410,890 tonnes in January-March 2021, up by 56% year on year. Supply of homopolymer PP and PP block copolymers 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.
Author:Margaret Volkova
Tags:North America, PP, PE, poliuretan, PP block copolymer, homopolymer PP, propylene, LDPE, HDPE, ethylene, petrochemistry, fibers/filaments, adhesives, pharmaceuticals, BASF, Germany, Russia.
Category:General News
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