Home / Knowledge / News / Textiles / BASF picks Freeport in Texas as site for propylene complex
BASF picks Freeport in Texas as site for propylene complex
23
Mar '15
BASF has selected Freeport, Texas as the potential site in its plans to build a world-scale methane to propylene complex on the US Gulf Coast.

BASF in a press release said, it will use Air Liquide’s proprietary Lurgi MegaMethanol and Methanol-to-Propylene (MTP) technologies and who will also provide basic engineering services for this complex.

The plant is planned to have an annual production capacity of approximately 475,000 metric tons of propylene.

This project would be BASF’s largest single-plant investment to date and is subject to final approval in 2016 by the BASF Board of Executive Directors.

The Freeport site was set up in 1958 as the first BASF manufacturing facility outside Europe and has more than 800 full-time employees.

According to the German company, the Freeport site is one of two BASF Verbund sites in North America and uses propylene in its manufacturing processes.

The on-purpose production of propylene to supply the company’s North American operations would allow BASF to take advantage of low gas prices resulting from US shale gas production.

“The investment would further strengthen BASF’s backward integration into propylene and grow its propylene-based downstream activities, leading to a stronger market position in North America,” it added.

Propylene is one of the most important basic chemicals in the petrochemical industry and is used in the production of a wide range of higher-value chemicals.

These chemicals are used to manufacture products such as coatings, detergents, and superabsorbent polymers for baby diapers.

BASF had sales of over €74 billion in 2014 and around 113,000 employees as of the end of the year and its shares are traded on the stock exchanges in Frankfurt, London and Zurich. (AR)

Fibre2fashion News Desk - India


Must ReadView All

Courtesy: EVG photos from Pexels

Apparel/Garments | On 16th Aug 2018

Bangladesh ups garment export target to $32.689 bn

The Government of Bangladesh has increased the country’s readymade...

Courtesy: PR Newswire

Apparel/Garments | On 16th Aug 2018

Shoppers go to stores for thrifting experiences: Survey

Despite growth in e-commerce, shoppers still head to retail stores...

Pak ministry invests in training textile sector workers

Textiles | On 16th Aug 2018

Pak ministry invests in training textile sector workers

Pakistan’s ministry of commerce and textile industry is offering...

Interviews View All

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Gagan Gulati

PG Silk Mills Private Limited had a humble start with a hand-dyeing unit....

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Umang Banthia

Established in 2005, SL Banthia Textiles manufactures coated fabrics....

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Luis Quijano
Liberty University

Focusing on bold patterns and colour palettes, Luis Quijano, a student at...

Ayyappa Nagubandi
Broadcast Wearables Pvt Ltd

Hyderabad-based Broadcast Wearables has come up with the country's first...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

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

Leave your Comments


August 2018

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

news category


Related Categories:

Advanced Search