BASF announced Friday that it will build a new production
plant for formic acid at its integrated Verbund site in
The new plant will create 20 new jobs and have a capacity of
more than 50,000 tpy.
It will be the only formic acid plant in North America and
will allow BASF to serve strategic markets in North and South
America better, including applications for pharmaceuticals,
energy, animal nutrition, leather and cleaning products, the
The new plant is expected to start up in the second
quarter of 2014. Investment terms were not disclosed.
BASF's customers use formic acid as an eco-efficient
solution in a wide range of applications such as in animal
feed, where it provides protection of the feed and supports the
health of the animal itself.
Potassium formate, a salt of formic acid, is an
environmentally friendly and highly efficient de-icing agent
used on roads and airport runways. It is easily biodegradable,
thereby, protecting aquatic wildlife in nearby rivers and
Both formic acid and potassium formate are also used in the
oil field industry as part of the drilling and completion
process, as well as in shale gas
exploration to promote extraction.
Formic acid can be used as a de-scaling agent as well, and
is used in industrial cleaning to remove various mineral
deposits from desalination plants, refineries and other
"The new plant further strengthens our position as a leading
supplier of chemistry for sustainable solutions," said Hans
Engel, CEO of BASF Corp., who made the announcement during a
press conference at BASF's new regional headquarters building
in Florham Park, New Jersey.
BASF currently operates two formic acid plants located at
the company's integrated Verbund sites in Ludwigshafen,
Germany, and Nanjing, China, with a total capacity of 255,000
"This investment demonstrates our commitment to the
increasing market demand in North and South America driven by
current and new applications of this versatile product,
said Soeren Hildebrandt, senior vice president of BASF's
chemical intermediates division.
We will be able to serve our customers better with
shorter lead times and greater supply reliability, Hildebrant added.
It also reinforces BASF's global leading position in
formic acid with production in Europe, North America and
BASF said it focuses on sustainable development of products
such as formic acid, which not only has an excellent
sustainable profile in use, but also in its production as part
of the company's Verbund concept.
The Verbund concept links production and energy requirements
in an efficient manner, according to the company.
BASF says its Geismar site incorporates the Verbund concept
and allows BASF to maximize production efficiencies of formic
acid while helping to protect the environment and surrounding
communities by reducing waste and cutting emissions, and
keeping resource consumption and transportation to a