BASF to open new plant in China
The Asian market is said to offer significant growth opportunities to BASF.
German chemicals giant BASF is investing more than $216 million globally to boost its production of plastic additives. Within this strategy is a plan to establish a new plastic additives plant in Shanghai. This operation will have an annual production capacity of 42,000 tonnes of antioxidants and associated substances. The factory is expected to open in 2019, with commercial production scheduled to begin early in the following year.
"Asia, and particularly the Chinese market, offer significant growth opportunities driven by diverse applications,” said Hermann Althoff, senior vice-president of BASF’s Asian performance chemicals unit.
"The plant will be built to reach high environmental standards and have one of the most efficient production processes," he added.
Antioxidants are used to prevent thermal oxidation reactions when high temperatures are used during processing, as well as to avoid oxidation when plastics are exposed to ultraviolet (UV) light. Oxidation can cause a reduction in impact strength, in addition to elongation, discolouration and surface cracking.
Publishing Data
This article was originally published on page 3 of the May 2017 issue of SATRA Bulletin.
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