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BASF Considers US Investment Of $1.4 Billion On Shale Gas

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May 2, 2014

BASF SE may undertake its single biggest plant investment to date, spending more than 1 billion euros ($1.4 billion) to target cheaper U.S. shale gas with a facility to convert methane to propylene used in coatings.

Plans for the new facility are being evaluated, the Ludwigshafen, Germany-based company today said in a statement. Until now, the largest single-factory investment is BASF’s 1 billion-euro plant in Ludwigshafen for toluene diisocyanate, or TDI, a component used in seating cushions and mattresses.

BASF competitors have ramped up U.S. expansion plans on the growth ...

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