BASF Petronas aims to expand production capacity in Malaysia
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.