BASF, a major player in the polyurethane industry, reported that it will invest $87 million in a second phase of MDI expansion at its plant in Geismar, Louisiana.
<span style="font-size: 16px" The company has committed $150 million to MDI's first phase of expansion, which is expected to be completed in the first half of 2020.
The second phase of the project will retain 1,238 existing BASF jobs at the Geismar site. The Sima plant is the company’s largest manufacturing site in North America. The project is expected to start in late 2019 and is expected to be completed in 2021. The company estimates the project will support 170 construction jobs.
<span style="font-size: 16px" The expansion project will double MDI production from 300,000 tons/year to about 600,000 tons/year. MDI is used to produce polyurethane, which helps improve the insulation properties of appliances, lightweight materials for automobiles and energy efficiency in buildings.
“As the U.S. market develops, BASF needs this investment to support the growth of our existing customers. ” said Doerr, head of BASF’s monomer business unit in North America. “Gismar is well-suited to make this investment due to existing infrastructure, competitive raw materials and favorable business support from state and local governments. This investment also demonstrates our commitment to our employees, our communities and our work in Louisiana A firm commitment to investment.”
Since 2009, BASF has invested more than $800 million. For the expansion project, the company expects to utilize the state’s industrial tax exemption program.
Kenny Matassa, the person in charge of Asen Song County: “Basf continues to invest and establish long-term economic growth partnerships. to demonstrate its commitment to our community and local workforce.”
Louisiana Governor John Bel Edwards said: “BASF has been developing in Louisiana for more than 60 years. The recent expansion at the Geismar site will help keep the company competitive in global markets.”
provides the assets needed to succeed. We welcome the latest expansion of BASF’s Geismar facility and look forward to the continued economic impact the company’s operations will have on Ascension County and the Capital Region. Ascension County remains an ideal location for chemical manufacturing and we We are pleased that BASF has continued to choose the Geismar site as a site for growth and development,” said Kate MacArthur, President and CEO of the Ascension County Economic Development Corporation.
<span style="font-size: 16px" This is great news for the Capital Region and demonstrates BASF's confidence in the future of our economy. Strong partnerships from the local to state levels are important to creating a business-friendly environment, and we count on our allies in the Ascension County Economic Development Corporation Assist BASF in this process."
() Deeply engaged in the segmented industry of polyurethane raw materials – amine catalysts; research, development and compound production of various types of amine catalysts; main products: solid amine | delayed amine catalyst A300 | delayed amine catalyst A400 | amine catalyst SMP | N, N -Dimethylbenzylamine BDMA | Odorless amine catalyst DPA, etc., suitable for sponge, molding, high recovery Elastic, self-crusting, PU toys and various hard foam and semi-rigid foam and other end products.
