BASF to build new formic acid plant in the USA
“The new plant further strengthens our position as a leading supplier of chemistry for sustainable solutions”, said Dr. Hans Engel, Member of the Board of Executive Directors of BASF SE, Chief Financial Officer, Chairman and Chief Executive Officer of BASF Corporation, made the announcement during a press conference at BASF’s new regional headquarters building in Florham Park, N.J.
“This investment demonstrates our commitment to the increasing market demand in North and South America driven by current and new applications of the versatile formic acid. We will be able to serve our customers better with shorter lead times and greater supply reliability. It also reinforces BASF’s global leading position in formic acid with production in Europe, North America and Asia”, said Soeren Hildebrandt, Senior Vice President of BASF’s Intermediates division.
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