BASF SE
The shutdown at Port Arthur, Texas, could impact markets for plastics feedstocks ethylene, propylene and butadiene, all of which are made at the site.
BASF SE will shut down its TDI feedstock plant in Ludwigshafen, Germany, due to reduced demand and also reduce production of feedstocks for nylon an other materials.
High European energy costs are leading materials giant BASF SE to cut costs by 500 million euros ($499 million) by the end of 2024.
Nylon 6/6 resin capacity will be added in Freiburg, Germany, this year. The firm also is building a new plant making hexamethylene diamine feedstock Chalampé, France, with production expected to start in 2024.
Jürgen Becky, senior vice president of performance materials Europe, says sustainability is the main focus of development targets when it comes to new materials.
Officials with the German giant said demand for materials used in electric vehicles is up this year vs. both 2019 and 2020.
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