The world’s largest chemical company is expanding in the Houston area.
Germany-based BASF said it completed two plastic and chemical expansions just outside of Houston at its Pasadena complex.
The capacity expansions contribute to the production of plasticizers used to soften and increase the flexibility of rigid materials like polyvinyl chloride, called PVC.
BASF said it increased its production of dioctyl terephthalate, or DOTP, which is a general purpose plasticizer, by 60,000 metric tons a year. Likewise, BASF upped its production of 2-ethylhexanol, which is a DOTP raw material, by 100,000 metric tons annually.
Under the agreement, Agilyx and Technip Energies will collaborate with INEOS Styrolution and together develop the design and engineering that will serve as the basis for constructing the chemical recycling facility. The group anticipates completion of engineering in 2023, which will form the basis for a financial investment decision.
Michael Grun took over as the new CEO and President of the WeylChem Group of Companies. He was most recently employed as M&A advisor at WeylChem owner International Chemical Investors Group (ICIG). He succeeds Uwe Brunk, who has decided to step down from these functions after four and a half years and will in turn support ICIG in its growth projects in the future.
With this acquisition, Brenntag Essentials expands its business into key focus markets in Asia Pacific, including Singapore, Malaysia, Indonesia, and the Philippines. This is an additional step in Brenntag’s ongoing transformation process, driving its stringent execution of the Brenntag Essentials strategy to strengthen local capabilities and market coverage in high growth markets like Asia-Pacific.