BASF Secures Rare Earth Supplies for Catalysts Business

BASF has signed a long-term agreement with Lynas Corp. (Sydney) to secure a pre-determined supply of lanthanum, a rare earth element. Lanthanum is a key raw material used in the production of BASF's fluid catalytic cracking (FCC) refinery catalysts and certain chemical catalyst products. Financial terms were not disclosed.   The lanthanum will be supplied from Lynas’s rare earth separation plant at Kuantan, Malaysia, which is expected to be online during the fourth quarter of 2011 with an initial capacity of 11,000 m.t./year, rising to 22,000 m.t/year...

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