In order to meet the growing demand for antioxidant IrGaox 1010 in Asia, Europe, the Middle East and Africa, BASF plans to expand its antioxidant IrGaOx 1010 production capacity by 40% globally and launch new capacity expansion projects in Singapore and Switzerland.
BASF, a BASF company, is a German chemical company and the world's largest chemical company. It has been named 'the world's most admired chemical company' by the US business magazine Fortune. The company's business involves chemicals and plastics, natural gas, and plant protection agents. And medicine, etc.
In his report, Vice President Alberto Giovanni said that in order to pass the bottleneck of plastic additives in Europe, the Middle East and Africa, BASF will increase its IrGaox 1010 production capacity by 30% at the Kaidion plant in Switzerland.
It is expected that the new capacity expansion project capacity expansion project will be launched in Singapore and Switzerland in early 2019 and early 2021. In addition, BASF will also increase investment in facilities in Alabama, USA to improve asset reliability to meet growing customer demand. Singapore The plant doubles the production capacity of the IrGaox 1010 by installing an additional production line and integrating it into the existing production facility.
Deenkat, Senior Vice President of Chemical Performance, added: 'By investing in our Alabama website, we will further enhance the reliability of our supply chain and expand the production of IrGaOx 1010 and related antioxidants to meet the growing needs of the region. . '
Antioxidants are a class of chemicals that, when present in small amounts in a polymer system, retard or inhibit the oxidation of the polymer, thereby preventing aging of the polymer and extending its useful life. Anti-aging agent'. For engineering plastics processing, antioxidants can prevent thermal oxidative degradation during the processing of certain polymers, so that the molding process can be carried out smoothly.
IrGaOx 1010 is a sterically hindered phenolic primary antioxidant produced by BASF. It prevents thermal oxidative degradation and is mainly used in polyolefins. It is also suitable for polyacetal, polyamide and polyurethane, polyester, polyvinyl chloride, ABS. And elastomers such as butyl rubber and synthetic rubber.
Ou Dafu, Senior Vice President of Asia Pacific, said: 'We need to increase production capacity in response to increased demand. With the promotion of investment in Singapore, we have consolidated our position as a leading supplier of phenolic antioxidants worldwide.'
Asia is the fastest growing region for plastics production and consumption in the world, with an average annual growth rate of double digits. Natural antioxidant production and demand are also increasing rapidly. Most companies may prefer to simplify supply channels, with only a few additives. Enterprises deal with, save procurement costs, due to the huge amount of purchases, may reduce the purchase price, thereby further reducing production costs.
At present, the research direction of antioxidants has turned to the development of high-efficiency and versatile auxiliaries and reactive antioxidants. The domestic antioxidants have a large odor and are not well preserved. At this stage, the Chinese market is mixed, and BASF is globally. Expanding the production of antioxidants will definitely bring structural effects to the domestic market.