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Markets :: Fine Chemicals/Biotech :: Seeds and traits

BASF Investing $33 Million in Plant Biotech Facility

8:18 AM MST | February 15, 2012 | Rebecca Coons

BASF says it will invest $33 million to expand its plant biotechnology and crop protection R&D facilities at Research Triangle Park (Raleigh, NC). Plans include a climate-controlled greenhouse and laboratories for plant biotechnology research, a custom environmentally-controlled insect production facility, and office space. Construction is expected to begin in March and be completed mid-2013. BASF announced last month that it was halting plant biotechnology development and commercialization efforts in Europe and moving its Plant Sciences division from...

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