Idemitsu Kosan Ending JV with BASF For the Production and Sale of BDO

摘要

Tokyo-Idemitsu Kosan has decided to terminate its joint venture agreement with BASF regarding the production and sales of 1,4-butanediol (BDO) by BASF Idemitsu Co., and withdraw from the BDO business. BASF Idemitsu, located at Idemitsu's Chiba complex in Japan, has a production capacity of 25,000 t/y of BDO. Operations will end in December 2020. The joint venture is owned 67% by BASF and 33% by Idemitsu.