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BASF acid complex not realised before 2007

Published on 2003-06-18. Author : SpecialChem


BASF and the Brazilian state-owned oil and gas producer Petrobras agreed not to realize the project to build an acrylic acid complex in Brazil before 2007. The economic development of the markets for acrylic monomers as well as for super absorbent polymers (SAP) lay below former expectations related to the project.

Both parties intend to discuss this potential business in the future in light of market development, but without any commitment as to feedstock supply or joint venture.

Acrylic acid is the most important precursor in the production of superabsorbents, the active component of baby diapers and other hygienic products. Acrylic esters, the most important derivatives of acrylic acid, are used to produce architectural coatings, adhesive raw materials and construction chemicals.

PETROBRAS is an integrated company acknowledged as one of the top ten public oil companies in the world today, operating in exploration, production, refining, sale, transport and petrochemicals; distribution of oil products; natural gas and energy with leadership in Brazil and growing international presence mainly in Latin America, committed to development of partnerships with world class petroleum companies, aiming at sustainable development with profitability and social responsibility. In 2002, PETROBRAS had sales of about R$ 99,0 billion (US$ 33,0 billion) and over 46,000 employees worldwide.

Source: BASF

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