BASF will almost double the production capacity for its synthetic ester base stocks at its site in Jinshan, China, said the company.
The investment comes in response to the rising demand for high-performance lubricants in Asia Pacific, and further strengthens BASF’s position as a reliable supplier that strongly supports customers’ growth in the region.
Synthetic ester base stocks are essential components in the formulation of high-performance lubricants, providing several sustainability benefits. Fields of application include environmentally friendly refrigeration and air-conditioning, automotive as well as industrial lubricants.
"The new production capacity for synthetic ester base stocks will bring additional security of supply for our customers particularly in the Asia Pacific region. Building on our backward integration into key raw materials we will be leveraging the full strength of BASF as a leading and reliable component provider to the lubricant industry,” explains Matthias Lang, Vice President, Business Management Fuel and Lubricant Solutions Asia Pacific and Performance Chemicals Greater China. “We are excited to serve our customers even better and grow together with them moving forward."
The capacity expansion is expected to reach full completion by 2H22.
As MRC wrote before, Air Liquide, BASF and Shell are joining Calpine, Chevron, Dow, ExxonMobil, INEOS, Linde, LyondellBasell, Marathon Petroleum, NRG Energy, Phillips 66 and Valero to collectively evaluate and advance emissions reduction efforts in and around the Houston industrial area. Three additional companies have announced their support for exploring the implementation of large-scale carbon capture and storage (CCS) technology in and around the Houston industrial area. The 14 companies are evaluating how to use safe, proven CCS technology at Houston-area facilities that provide energy and products for modern life, including advanced manufacturing for plastics, packaging, motor fuels and power generation.
According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 2,487,450 tonnes in 2021, up by 13% year on year. Shipments of all grades of ethylene polymers increased. At the same time, PP shipments to the Russian market totalled 1,494.280 tonnes, up by 21% year on year. Deliveries of homopolymer PP and PP block copolymers increased, whreas.shipments of PP random copolymers decreased significantly.
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.
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