BASF has invested over €500 million to expand its ethylene oxide and ethylene oxide derivatives production capacity at its site in Antwerp, Belgium. The investment includes a second ethylene oxide plant and additional capacities for alkoxylates, which are used in various industries. The expansion aims to support the growth of BASF's customers and enhance its market position in Europe. The investment also highlights the importance of the Antwerp site for BASF and has created over 100 new job opportunities. BASF's Petrochemicals division operates globally and supplies various industries with high-quality chemicals.
In line with its customer-focused corporate strategy, BASF has expanded capacities for ethylene oxide and ethylene oxide derivatives at its Verbund site in Antwerp, Belgium. The investment adds about 400,000 metric tons per year to BASF's production capacity for the corresponding products.
“With the new plants we are supporting the continuous growth of our customers and are enhancing our market position in Europe,” says Hartwig Michels, President Petrochemicals, BASF. The investment, exceeding €500 million, comprises a second world-scale ethylene oxide plant, including capacity for purified ethylene oxide.
In addition to ethylene oxide, the investment includes additional capacities for alkoxylates, which are derivatives of ethylene oxide and used in a wide range of applications such as in detergent and cleaning, automotive and construction industry. “Acting with the future in mind is key to our continued success in the European market. With this expansion, we will accelerate growth for us and our customers in Europe”, says Mary Kurian, President Care Chemicals, BASF.
The expanded ethylene oxide and derivatives complex is also a major investment for the site in Antwerp. “The investment underlines the importance of our site for the BASF-group and creates further opportunities. To operate these world-scale installations, BASF Antwerp welcomed over 100 new colleagues; this number comes on top of the regular hires.”, says Jan Remeysen, CEO of BASF Antwerp.
About BASF’s Petrochemicals division
The Petrochemicals division is the starting point for BASF’s petrochemical-based value chains globally. We operate a highly competitive asset base with best-in-class technologies and focus on safety and operational excellence. With six Verbund sites and several major production sites, we are close to our customers and present in the largest chemical markets worldwide. The division supplies various value chains across the company and a broad range of customer industries with high-quality chemicals, contributing to the organic volume growth of BASF. Our portfolio includes cracker products, industrial gases, acrylics, superabsorbent polymers, styrenic foams, alkylene oxides, glycols, alcohols, solvents and plasticizers.