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(BASF) -- BASF and Petronas will
commence a feasibility study for a new plant for superabsorbent polymers. The
companies have also decided to look into the expansion of the existing
production capacities of their joint venture BASF Petronas Chemicals Sdn
Bhd.
“Our joint venture BASF Petronas Chemicals plays an important role for us
in achieving our Asia Pacific Strategy for 2020. With this investment in
high-growth specialty chemicals, we will position ourselves even better to serve
our customers in Asia,” said Dr. Martin Brudermuller, Member of the Board of
Executive Directors, BASF SE, responsible for Asia Pacific. “With this capacity
expansion and extension into superabsorbent polymers we extract further
potential of our acrylics value chain in BASF PETRONAS Chemicals.”
The new investment will be part of BASF Petronas Chemicals Sdn Bhd,
founded by BASF and Petronas in 1997. The company currently operates an
integrated complex situated at the Gebeng Industrial Zone, Pahang. The company’s
share of capital is 60% held by BASF and 40% by Petronas with a total investment
of about RM3.4 billion for production facilities for acrylic monomers, oxo
products and butanediol.
mrcplast.com
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