Industry News

BASF acquires ExxonMobil Chemical’s polyisobutylene business

Published on 2003-05-15. Author : SpecialChem


BASF announced that it has acquired the Vistanex� LM polyisobutylene (PIB) business of ExxonMobil Chemical Company. No manufacturing sites or personnel are included in this purchase. Terms of the acquisition are not being disclosed.

Dr. Wolfgang Buechele, President Performance Chemicals BASF Group said "This acquisition fits well with our extensive portfolio of PIB products. BASF is a leading global supplier of medium and high molecular weight polyisobutylenes under the trade name Oppanol®. The BASF PIB portfolio is also the broadest in the world, extending from very low-molecular weight up to ultra high-molecular weight material."

Dr. Stefano Crema, Business Director, Performance Chemicals BASF Corporation, said: "We look forward to working with the Vistanex� LM customers to help make their transition to Oppanol® PIBs easy and seamless. We believe that BASF's extensive experience and technical know-how, as well as our new production capabilities, will help make our customers' products better."

In the third quarter 2002, BASF put into operation a new 10 kilotons per year production unit for medium molecular weight PIB in Ludwigshafen, Germany. The new production facility is advanced, flexible, and has been designed to allow additional capacity expansions with only minor investment. This will enable BASF to respond quickly to further increases in customer demand, and ensure abundant availability of all product types.

BASF's Oppanol® production employs a proprietary polymerization process that provides a versatile product, which can be tailored to specific customer applications. The same BASF technology is presently used to produce low-molecular weight, highly reactive PIB at the company's Antwerp site in Belgium. BASF's continuous R&D work and extensive PIB experience enables it to manufacture a product without chlorine residues.

Besides their use as a chewing gum component, medium molecular polyisobutylenes are employed in the production of adhesives, sealants, lubricants, clear food wraps.

BASF is the world's leading chemical company, offering its customers a range of high-performance products, including chemicals, plastics, performance products, agricultural products, fine chemicals as well as crude oil and natural gas. In 2002, BASF had sales of about € 32 billion (circa $ 34 billion) and over 89,000 employees worldwide. The product range of Performance Chemicals for the Automotive and Oil Industry comprises refinery chemicals, gasoline and diesel fuel additives, dyes and markers for mineral oil products, engine coolants, brake fluids, heat-transfer fluids and low-, medium- and high-molecular polyisobutenes. BASF is one of the world's leading manufacturers of these products. BASF's customers derive economic advantage through innovative applications and problem-solving expertise. With its leading edge competence, BASF provides its customers with a competitive advantage in serving their markets.

Source: BASF

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