BASF raises prices for formic acid and 2-ethylhexanoic acid
Effective immediately, or as existing contracts permit, BASF is raising its prices for formic acid and 2-ethylhexanoic acid by 40 euros per metric ton in Europe.
BASF's customers use formic acid in multiple applications. The eco-efficient acid helps to keep certain feeds fresh and free of salmonellae, removes paints and rust from metallic surfaces and scale from kettles and boilers. In breweries and wineries it disinfects kegs, casks and barrels; applied as an auxiliary in the pharmaceutical and crop protection industry it regulates pH values; in cleaning it acts as dirt remover and disinfectant.
Formic acid salts, the so-called formates, serve as high-class de-icing agents and valuable auxiliaries in oil production. Accroding to the company, BASF is the world's leading producer of formic acid, with production plants at its integrated Verbund sites in Ludwigshafen, Germany, and Nanjing, China.
2-Ethylhexanoic acid is a chemical intermediate for many different industrial applications, for example for the manufacture of plasticizers, PVC stabilizers, lubricants and drying additives for coatings.
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