BASF to hive off Polymer Intermediates Plant

BASF SE has decided to hive off to INEOS Nitriles its Seal Sands site of BASF Plc at Teesside, UK. The Seal Sands site operates large-scale production facilities for acrylonitrile (ACN), adipodinitrile (ADN), hexamethylenediamine (HMD), and other by-products. These chemical intermediates are used in the production of acrylic and polyamide (PA) fibers for clothing and carpets, as well as for acrylonitrile-butadiene-styrene (ABS) and PA for the automotive, electric & electronics and domestic appliance industries. The acquisition is subject to approval by the relevant competition authorities. HMD remains a key element in BASF's PA 6.6 value chain. For this reason, the HMD plant is excluded from the transaction. INEOS Nitriles will operate the HMD plant as well as ADN plant for BASF. ADN will be produced at Seal Sands until the plant is shut down at the end of 2008 as announced by BASF in June 2007. ADN is a starting material for HMD.
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