BASF Petronas Chemicals to Permanently Shut Butanediol and Derivatives Plant in Kuantan, Directing a Shift to its Business Portfolio

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BASF Petronas Chemicals to Permanently Shut
Butanediol and Derivatives Plant in Kuantan,
Directing a Shift to its Business
Portfolio Aiming to restructure its business
portfolio for sustained growth, BASF Petronas
Chemicals Sdn Bhd (BPC) has announced a permanent
turnaround at it Butanediol (BDO) and derivatives
plant at Kuantan, Malaysia by March 2021. Get
more info https//www.chemanalyst.com/NewsAndDea
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8 BDO and its derivatives are widely utilized to
produce polyurethanes, engineering plastics,
elastic spandex fibres, and solvents. Consistent
capacity additions in the region due to latest
investments in advanced coal based BDO
manufacturing sites compelled the company to
undertake a strategic shift that intends at
expanding its future profit margins. For a smooth
transition, the company is currently reaching out
in support from all its existing customers,
meanwhile it is also assuring consistent survive
of its other products, promising stability. BASF
Petronas Chemicals (BPC) based in Malaysia is a
joint venture between BASF and Petronas Chemicals
Group Berhad (PCG). Supporting the closure,
Managing Director CEO of PCG called it a
well-versed move will allow the company for a
favourable shift to new segments showcasing
potential growth. In addition, the closure is in
line with PCGs mega expansion plans including
the setup of specialty chemicals segments and
innovating the existing ones using advanced
technologies.
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ChemAnalyst predicts that the closure of BPCs
Butanediol plant may not hinder the regional
supply but can adhere severe effects to the
importing countries based in Asia and Europe.
However, with consistent addition and expansion
of existing capacities, these effects might
nullify in the long run. About Us ChemAnalyst is
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