MOSCOW (MRC) -- BASF has made progress in its plans to build a world-scale methane-to-propylene complex on the US Gulf Coast, the company said on its site.
The company has selected Freeport, Texas, as the potential site, where it will use Air Liquide's proprietary Lurgi MegaMethanol and methanol-to-propylene (MTP) technologies.
BASF has contracted Air Liquide to provide basic engineering services for this gas-to-propylene complex.
The plant is planned to have a production capacity of approximately 475,000 tpy 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 executive board.
The Freeport site was founded in 1958 as the first BASF manufacturing facility outside of Europe. With more than 800 full-time employees, the Freeport site is one of two BASF Verbund sites in North America and uses propylene in its manufacturing processes.
BASF says the on-purpose production of propylene to supply the company's North American operations would allow it 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, according to company officials.
As MRC informed before, BASF and Seashell Technology, a leading nanotechnology company based in San Diego, have announced that BASF has acquired Seashell's technology, patents and know-how for silver nanowires. The acquisition extends BASF's portfolio of solutions offered to the display industry through the company's growing electronic materials unit.
BASF is the leading chemical company. It produces a wide range of chemicals, for example solvents, amines, resins, glues, electronic-grade chemicals, industrial gases, basic petrochemicals and inorganic chemicals. The most important customers for this segment are the pharmaceutical, construction, textile and automotive industries. BASF had sales of about EUR74 billion in 2013 and over 112,000 employees as of the end of the year.