BASF invests in a new plant for the production of oxidized waxes at its Ludwigshafen site
Production Verbund saves energy and creates synergies
In the fourth quarter of 2008, BASF will begin construction of a second oxidizing plant for the production of synthetic waxes at its Ludwigshafen, Germany, site. From 2010 the plant will produce several thousand metric tons of oxidized waxes using a process developed by BASF. This is double the current production capacity. The waxes are used primarily in plastics processing.
As in the existing plant, which has been in operation for more than ten years, the raw material low-density polyethylene waxes (PE waxes) will come from the site's own polymerization plants. Thus, the new plant will fit perfectly into BASF's Verbund, the company's integrated raw materials and energy system, at the Ludwigshafen site.
"At the same time as building the new plant, we will also modernize our existing plant for PE waxes," said Dr. Thomas Greindl, head of European Marketing BASF Care Chemicals & Formulators. The total investment will be about EUR10 million.
"Due to the growing demand for plastics around the world, the market for high-quality waxes will continue to increase," added Greindl. "We therefore expect attractive growth opportunities for our products."
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