BASF Idemitsu to shut down BDO plant at Chiba Complex and terminate joint venture

BASF Idemitsu Co., Ltd. will shut down its 1,4-butanediol manufacturing facility (25,000 tons/year) at the Chiba Complex in December 2020 and terminate the joint venture agreement between BASF and Idemitsu Kosan, with BASF taking over the BDO business.

“BIC's manufacturing facility (25,000 tons/year) at our Chiba Complex will be shut down in December 2020, after which the joint venture agreement will be terminated.”idemitsu.com

• 1 source
• idemitsu.comBASF Idemitsu Co., Ltd. announces termination of joint venture agreement and withdrawal from petrochemicals 14-butanediol business | News Release List | Idemitsu KosanAug 19, 2020

Summarized from public sources; check the original articles before acting on it.