Home / Knowledge / News / Textiles / Braskem to supply raw materials for BASF's project
Braskem to supply raw materials for BASF's project
20
Aug '11
BASF will invest in a world-scale production site for acrylic acid, butyl acrylate and superabsorbent polymers (SAP) in Camaçari, Bahia, Brazil. It will be the first acrylic acid and superabsorbents plant in South America. With an investment volume of more than €500 million, it is the largest investment in BASF's century-long history in South America.

In addition, BASF will start to produce 2-ethyl-hexyl acrylate, an important raw material for the adhesives and special coatings industries, in its existing chemical complex in Guaratinguetá, São Paulo . This will be the first plant for this product in South America.

With the new acrylic acid complex, BASF aims to ensure the supply for important products as: superabsorbents for diapers, acrylic resins for coatings, textiles and adhesives and products for civil construction.

“BASF is the global and regional leader in the acrylic value chain. Due to the strong growth in Brazil, the time has come for this important investment. It will further strengthen our position and underlines our confidence in the development of the South American market,” said Dr. Stefan Marcinowski, member of the Board of Executive Directors of BASF SE.

“This project reinforces the importance of the region for BASF, ensuring the supply of our products to our customers in South America and contributing to the development of the country,” said Dr. Alfred Hackenberger, President of BASF South America.

The Camaçari location is being chosen based on the availability of raw materials (propylene) and utilities provided by Braskem S.A., the major chemical company in Brazil and the strategic supplier for BASF in this project.

“The contract with BASF will bring benefits to the whole acrylic acid value chain, not only because of the production capacity of the project and the size of the investment, but also because of the best-in-class technology available. Above this, the complex will generate new important investments to Camaçari, attracting new manufacturing companies to Bahia State,” said Carlos Fadigas, President of Braskem.

The construction of the new acrylic acid complex will start in 2011 employing about 1,000 individuals during construction. Production is expected to begin in the fourth quarter of 2014, generating 230 direct and 600 indirect jobs. The production for 2-ethyl-hexyl acrylate in Guaratinguetá is expected to start in 2015 on the basis of Acrylic Acid produced in Camaçari.

“We expect the investment to bring a very positive impact of about $300 million per year on the trade balance of the country, thereof $200 million through reducing imports and $100 million through increasing exports,” said Hackenberger.

Acrylic acid is an important precursor in the value chain of super­absorbent polymers, the active component of baby diapers and other hygiene products. Acrylic esters, the most important derivatives of acrylic acid, are used to produce adhesive raw materials, construction chemicals and architectural coatings such as Suvinil, BASF's decorative coatings brand in South America and the leader in the premium segment in Brazil.

BASF


Must ReadView All

Courtesy: Michael Kors

Fashion | On 25th Jul 2017

Michael Kors to acquire Jimmy Choo

Global fashion luxury brand Michael Kors Holdings Limited has reached ...

Apparel/Garments | On 25th Jul 2017

VF Corp posts $2.4 billion revenue for Q2 2017

VF Corporation has recorded revenue of $2.4 billion, up 2 per cent,...

Textiles | On 25th Jul 2017

Egypt signs agreement with UNIDO for cotton production

Egypt has signed a €1.5 million ($1.74 million) cooperation agreement ...

Interviews View All

Mandeep Nagi
Shades of India

Women value something that is unique and has a flavour of India

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Deepak Jain
Baggout

We are using Facebook and Instagram to promote ourselves

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X