BASF breaks ground on MDI capacity expansion project at Geismar site
BASF has initiated the final phase of its methylene diphenyl diisocyanate (MDI) expansion project at its Geismar, Louisiana site. This $780 million investment will boost production capacity to about 600,000 metric tons per year by mid-decade, totaling around $1 billion across all phases. This project marks BASF's largest wholly owned investment in North America. The expansion aims to support North American customers in sectors like transportation and automotive, showcasing advanced safety and digitalization technologies.
- Investment of $780 million in MDI expansion project.
- Total investment for all phases reaches around $1 billion.
- Increased production capacity to approximately 600,000 metric tons annually.
- None.
GEISMAR, La., Jan. 11, 2023 (GLOBE NEWSWIRE) -- BASF has broken ground on the third and final phase of the methylene diphenyl diisocyanate (MDI) expansion project at its Verbund site in Geismar, Louisiana, announced in July 2022. The company will increase production capacity to approximately 600,000 metric tons per year by the middle of the decade to support the ongoing growth of its North American MDI customers.
The investment for this final expansion phase, which takes place from 2022 to 2025, amounts to
“BASF already ranks among the largest and most forward-looking chemical companies in the United States,” said Michael Heinz, Chairman and Chief Executive Officer, BASF Corporation. “Through this investment, we demonstrate our commitment to meeting the needs of our customers while strengthening our foundation for continued growth in the important U.S. market.”
BASF welcomed Clay Schexnayder, Speaker of the House for the Louisiana State Legislature for a ceremonial ‘tilling-of-the soil’ to officially mark the groundbreaking of the final phase of the expansion.
“We are committed to continuing the success story together with our North American MDI customers,” said Stefan Doerr, Senior Vice President, Monomers North America. “BASF is investing to support our customers in various industries with significant growth potential in MDI applications, including transportation, automotive, footwear and furniture.”
Kicked off in 2018, the expansion project follows a staggered approach. First, a new MDI synthesis unit was put in operation in October of 2020. The second phase, which started operations in 2021, expanded several existing upstream units. The third and final phase will add new upstream units and a splitter. Leveraging state-of-the-art technology, the expansion will showcase the highest safety standards combined with advanced digitalization in its operations.
About BASF
BASF Corporation, headquartered in Florham Park, New Jersey, is the North American affiliate of BASF SE, Ludwigshafen, Germany. BASF has more than 16,700 employees in North America and had sales of
At BASF, we create chemistry for a sustainable future. We combine economic success with environmental protection and social responsibility. Around 111,000 employees in the BASF Group contribute to the success of our customers in nearly all sectors and almost every country in the world. Our portfolio comprises six segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care and Agricultural Solutions. BASF generated sales of
| Media Relations contact Lauren Sinclair Phone: 313-418-5008 Lauren.sinclair@basf.com | Additional contact Blythe Bellow Lamonica Phone: 225-339-7453 blythe.lamonica@basf.com |
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