BASF USES SHALE
BASF, the world's biggest chemicals maker by sales, is considering its largest investment to further capitalise on low-cost shale gas on the US Gulf coast.
The German chemicals group is weighing the construction of a methane-to-propylene complex to supply its North American operations. This would be BASF's largest single-plant investment to date. Its previous largest investment was a €1bn TDI plant in Ludwigshafen, Germany.
"The production of propylene would allow us to take advantage of low gas prices due to shale gas production, considerably improve our cost position and improve our backward integration in…
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