BASF chemicals giant inaugurates $1 billion plant in Louisiana
11.11.2026
German chemicals giant BASF has opened a new plant in Geismar, Louisiana, expanding its US business, the company said on Wednesday.
The DAX-listed company said it had invested about $1 billion in the plant, marking its largest wholly owned investment in North America to date.
The investment is intended to almost double BASF's annual production capacity for MDI, a raw material used for making polyurethanes, to around 600,000 metric tons. Polyurethane is a high-performance plastic that contributes to energy efficiency, durability and performance in a wide range of applications from thermal insulation to lightweight construction, the company said.
As part of the expansion, BASF said it had also increased its production capacity for aniline in Geismar. This would allow it to better serve North American customers in the crop protection, rubber, and dyes and pigments industries, the company said.
"The United States has long been a key market for BASF, and this $1 billion investment is a strong commitment to our customers and to our future here," said BASF chief executive Markus Kamieth at the inauguration.
"With our new world-scale MDI facility in Geismar, we are strengthening our core businesses, driving innovation and bringing more production closer to our customers."
BASF, the world's largest chemicals company, has been in Geismar for decades - its largest integrated site in the United States.
The US is indispensable for BASF as a sales market and production location. The group operates more than 150 sites in 40 states. Last year, the US contributed about €13 billion ($14 billion) to BASF's total sales of just under €60 billion.
No comments:
Post a Comment