BASF Petronas aims to ex­pand pro­duc­tion ca­pac­ity in Malaysia

Chemical Industry Digest - - News & Views -

BASF

Petronas Chem­i­cals has plans to ex­pand its pro­duc­tion ca­pac­ity of the acrylic acid plant and butyl acry­late plants at its Ver­bund site in Kuan­tan, Malaysia. The ca­pac­ity ex­pan­sion is ex­pected to come on stream by 2021. The ex­pan­sion aims to sup­port the grow­ing de­mand for acrylic monomers in Asia Pa­cific.

Acrylic acid is used in the man­u­fac­tur­ing of acrylic es­ters, su­per­ab­sorbent poly­mers and wa­ter treat­ment chem­i­cals, while butyl acry­late is mostly used in paints and coat­ings, ad­he­sives and con­struc­tion chem­i­cals.

and pig­ments posted sig­nif­i­cant and pos­i­tive growth in prices com­pared to the other sec­tors (more than 4.8%, y-o-y).

EU chem­i­cals ex­ports reached the value of $ 62.72 bil­lion through April 2018, up from $ 60.63 bil­lion dur­ing the same pe­riod of last year. The US was by far the EU’s big­gest ex­port­ing mar­ket in chem­i­cals.

EU chem­i­cal ex­ports to the USA reached the value of $ 13.24 bil­lion from Jan­uary to April 2018, up from $ 11.61 bil­lion from Jan­uary to April 2017. Nearly half of these ex­ports were at­trib­ut­able to petro­chem­i­cals. The anal­y­sis shows that EU chem­i­cals ex­ports to the fol­low­ing coun­tries dropped: Ja­pan, South Korea, Mid­dle East and China.

How­ever, EU chem­i­cals reg­is­tered a trade deficit with Ja­pan, China, South Korea and In­dia.

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