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Analyst: BASF to benefit from US shale gas
7:45 AM MDT | June 9, 2014 | Natasha Alperowicz
BASF can benefit greatly from US shale gas, says Jeremy Redenius, senior analyst with Bernstein Research (London). In a research note following meetings last week with Andreas Kreimeyer, BASF research executive and board member/crop protection, coatings, and South America, Redenius says that Bernstein estimates that three specific projects could add €500 million ($680.7 million) in Ebitda by 2019. Bernstein estimates an Ebitda potential of €300 million from BASF’s planned methane-to-propylene project, which will replace BASF’s purchased...
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