FLORHAM PARK, NJ, May 4, 2012 -- BASF today announced
its plans to build a state-of-the-art production plant for
formic acid at its integrated "Verbund" site in Geismar,
Louisiana. The new plant will create 20 new jobs and have
an annual capacity of more than 50,000 tons.
It will be the only formic acid plant in North
America and will allow BASF to serve strategic markets in
North and South America better, including applications for
pharmaceuticals, energy, animal nutrition, leather and
cleaning products. Start-up of the new plant is expected in
the second quarter of 2014.
BASF's customers use formic acid as an eco-efficient
solution in a wide range of applications such as in animal
feed where it provides protection of the feed and supports
the health of the animal itself.
Potassium formate, a salt of formic acid, is an
environmentally friendly and highly efficient de-icing
agent used on roads and airport runways. It is easily
biodegradable, thereby, protecting aquatic wildlife in
nearby rivers and watersheds.
Both formic acid and potassium formate are also used
in the oil field industry as part of the drilling and
completion process, as well as in shale gas exploration to
promote extraction. Formic acid is an excellent de-scaling
agent as well, and is used in industrial cleaning to remove
various mineral deposits from desalination plants,
refineries and other processing industries.
"The new plant further strengthens our position as a
leading supplier of chemistry for sustainable solutions,"
said Hans Engel, Chairman and Chief Executive Officer of
BASF Corporation, who made the announcement during a press
conference at BASF's new regional headquarters building in
Florham Park, New Jersey.
BASF currently operates two formic acid plants
located at the company's integrated Verbund sites in
Ludwigshafen, Germany, andNanjing,
China,with a total annual capacity of 255,000
"This investment demonstrates our commitment to the
increasing market demand in North and South America driven
by current and new applications of this versatile product.
We will be able to serve our customers better with shorter
lead times and greater supply reliability. It also
reinforces BASF's global leading position in formic acid
with production in Europe, North America and Asia," said
Soeren Hildebrandt, Senior Vice President of BASF's
Chemical Intermediates division.
In line with the company's "We create chemistry"
strategy, BASF focuses on sustainable development of its
products such as formic acid, which not only has an
excellent sustainable profile in use, but also in its
production as part of the company's Verbund concept.
The Verbund concept is one of BASF's greatest
strengths, linking production and energy requirements in an
efficient manner. BASF's Geismar production site
incorporates the Verbund concept and allows BASF to
maximize the production efficiencies of formic acid while
helping to protect the environment and surrounding
communities by reducing waste and cutting emissions, and
keeping resource consumption and transportation to a
BASF - The Chemical Company
BASF Corporation, headquartered in Florham Park, New
Jersey, is the North American affiliate of BASF SE,
Ludwigshafen, Germany. BASF has more than 16,000 employees
in North America, and had sales of $20 billion in 2011. For
more information about BASF's North American operations,
BASF is the world's leading chemical company: The
Chemical Company. Its portfolio ranges from chemicals,
plastics, performance products and crop protection products
to oil and gas. We combine economic success, social
responsibility and environmental protection. Through
science and innovation we enable our customers in almost
all industries to meet the current and future needs of
society. Our products and system solutions contribute to
conserving resources, ensuring healthy food and nutrition
and helping to improve the quality of life. We have summed
up this contribution in our corporate purpose: We create
chemistry for a sustainable future. BASF posted sales
of about €73.5 billion in 2011 and had more than
111,000 employees as of the end of the year.
Further information on BASF is available on the Internet