Company News
January 4, 2022
BASF Raising Polyetheramines Prices
BASF to increase prices for select polyetheramines in North America
FLORHAM PARK, NJ, January 4, 2022 – Effective January 15, 2022 or as existing contracts permit, BASF will increase its prices in North America for select polyetheramines sold under the brand name Baxxodur®.
Product Price Increase
Polyetheramine D230 (Baxxodur® EC 301) $0.42/ lb.
Polyetheramine D2000 (Baxxodur® EC 303) $0.24/ lb.
Polyetheramine T403 (Baxxodur® EC 310) $0.21/ lb.
Isophorone diamine (Baxxodur® EC 201) $0.82/ lb.
4,7,10-Trioxatridecan-1,13-diamine (Baxxodur® EC 130) $0.92/ lb.
Under the brand name Baxxodur®, BASF markets a diversified portfolio of amine-based curing components for the professional and application-oriented processing of epoxy resins. BASF’s Baxxodur products are featured in many applications as highly efficient curing agents in various coating applications and sealing compounds, for the wind energy, electrical industry as well as in composites, adhesives and flooring.
January 4, 2022
BASF Raising Polyetheramines Prices
BASF to increase prices for select polyetheramines in North America
FLORHAM PARK, NJ, January 4, 2022 – Effective January 15, 2022 or as existing contracts permit, BASF will increase its prices in North America for select polyetheramines sold under the brand name Baxxodur®.
Product Price Increase
Polyetheramine D230 (Baxxodur® EC 301) $0.42/ lb.
Polyetheramine D2000 (Baxxodur® EC 303) $0.24/ lb.
Polyetheramine T403 (Baxxodur® EC 310) $0.21/ lb.
Isophorone diamine (Baxxodur® EC 201) $0.82/ lb.
4,7,10-Trioxatridecan-1,13-diamine (Baxxodur® EC 130) $0.92/ lb.
Under the brand name Baxxodur®, BASF markets a diversified portfolio of amine-based curing components for the professional and application-oriented processing of epoxy resins. BASF’s Baxxodur products are featured in many applications as highly efficient curing agents in various coating applications and sealing compounds, for the wind energy, electrical industry as well as in composites, adhesives and flooring.
December 22, 2021
Nouryon Moves to Radnor
Nouryon signs lease in Radnor for its North American headquarters
By Natalie Kostelni – Reporter, Philadelphia Business Journal 3 hours ago
Nouryon, a specialty chemicals company owned by Carlyle Group Inc., has signed a lease in Radnor for its North American headquarters.
The company leased 50,000 square feet over two floors at Five Radnor Center at 100 Matson Ford Road. It expanded from 12,000 square feet within the office complex and committed to designate the space as its headquarters. Its global headquarters is in the Netherlands. Brandywine Realty Trust is the landlord of the Radnor property.
Carlyle bought Nouryon in 2018 from Akzo Nobel N.V., which is based in Amsterdam, for the equivalent of roughly $11 billion. Earlier this year, Nouryon spun out Nobian, its base chemicals business, though the unit remains owned by Carlyle. In September, Nouryon filed a registration statement with the Securities and Exchange Commission for an initial public offering.
Charlie Shaver is chairman and CEO of Nouryon. Prior to taking on that role, Shaver headed up Axalta Coating Systems Ltd., a Dow Chemical Co. spinout that was bought by Carlyle and taken public. Axalta had its headquarters in Philadelphia until November 2020 but continues to maintains an R&D facility at the Philadelphia Navy Yard.
Shaver also served as an operating partner at Carlyle and worked at Dow Chemical from 1980 until 1996.
December 22, 2021
Nouryon Moves to Radnor
Nouryon signs lease in Radnor for its North American headquarters
By Natalie Kostelni – Reporter, Philadelphia Business Journal 3 hours ago
Nouryon, a specialty chemicals company owned by Carlyle Group Inc., has signed a lease in Radnor for its North American headquarters.
The company leased 50,000 square feet over two floors at Five Radnor Center at 100 Matson Ford Road. It expanded from 12,000 square feet within the office complex and committed to designate the space as its headquarters. Its global headquarters is in the Netherlands. Brandywine Realty Trust is the landlord of the Radnor property.
Carlyle bought Nouryon in 2018 from Akzo Nobel N.V., which is based in Amsterdam, for the equivalent of roughly $11 billion. Earlier this year, Nouryon spun out Nobian, its base chemicals business, though the unit remains owned by Carlyle. In September, Nouryon filed a registration statement with the Securities and Exchange Commission for an initial public offering.
Charlie Shaver is chairman and CEO of Nouryon. Prior to taking on that role, Shaver headed up Axalta Coating Systems Ltd., a Dow Chemical Co. spinout that was bought by Carlyle and taken public. Axalta had its headquarters in Philadelphia until November 2020 but continues to maintains an R&D facility at the Philadelphia Navy Yard.
Shaver also served as an operating partner at Carlyle and worked at Dow Chemical from 1980 until 1996.
December 21, 2021
BASF Increases MDI Capacity at Geismar
BASF reaches next milestone on MDI capacity expansion project at Geismar site
- The second expansion phase is now complete and in operation, increasing MDI capacity by approximately one third.
- The final phase is designed to bring total capacity to approximately 600,000 metric tons per year, with start-up targeted by the middle of the decade.
WYANDOTTE, MI / GEISMAR, LA, December 14, 2021 – The implementation of the methylene diphenyl diisocyanate (MDI) capacity increase program for BASF’s Verbund site in Geismar, Louisiana, is progressing on schedule. Over time, BASF plans to double the capacity from 300,000 metric tons per year to approximately 600,000 metric tons per year.
“This investment in the attractive North American MDI market strengthens our position as a leading MDI supplier in North America as well as globally,” said Dr. Ramkumar Dhruva, President of Monomers Division.
“The Geismar site is ideally suited for this investment thanks to its existing infrastructure, competitive raw materials and ongoing strong business support from state and local government,” said Stefan Doerr, Senior Vice President, Monomers North America. “With this integrated facility, BASF will continue to support the growth of our North American MDI customers.”
The first phase involving the construction of a new MDI synthesis unit has been in operation since October of last year. The second phase, which started up recently, expanded several existing upstream units and increased the overall MDI output of the Geismar complex by approximately one third. Engineering for the final phase of the MDI expansion is progressing on schedule. This final phase of the expansion project, which includes several new upstream units, is targeted to be complete by the middle of the decade, with resulting total MDI capacity of approximately 600,000 metric tons per year.
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