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BASF and Petronas to invest $500 million to build aroma ingredients facility in Malaysia

10:46 AM MDT | April 25, 2013 | Deepti Ramesh

Saori Dubourg: Increasing our contribution to the aroma ingredients market. BASF and Petronas Chemicals say they will invest a total of $500 million in an integrated aroma ingredients project at their existing BASF Petronas Chemicals joint venture site at the Gebeng Industrial Zone at Kuantan, Malaysia. The project aims to meet the globally growing demands of customers in the flavor and fragrance industry, especially in Asia/Pacific, the companies say. Earlier this year, BASF and Petronas decided to terminate a heads of agreement (HOA) for a possible jv within...

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