BASF invests in plant for production of oxidized waxes used in plastics processing

In Q4-08, 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 €10 mln. "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." BASF markets its high-quality waxes worldwide in the specialties segment. They are available in the form of powders, fine powders, granules, pastilles or as liquid emulsions. (Company Press Release)
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