IHS Chemical Week

BASF outlines chemicals strategy at investor day

12:00 PM MDT | May 23, 2014

BASF’s board members at yesterday's investor day in London outlined the company’s plans for the chemicals segment, which last year accounted for 23% of the company’s €74 billion ($101 billion) sales and 28% of the €10.4 billion Ebitda. Kurt Bock, CEO and board member Wayne Smith have also talked about the recently announced methane-to-propylene (MTP) project planned on the US Gulf Coast, the ammonia joint venture project with Yara at Freeport, TX and the bright prospects the company sees for methylene di-para-phenylene isocyanate (MDI). Smith said that...

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