BASF and Idemitsu JV to cease operation of production plant for 1,4 Butanediol in Chiba

摘要

BASF Idemitsu Co Ltd,a joint venture(JV)between BASF SE and Idemitsu Kosan Co Ltd will be closing its 1,4-Butanediol(BDO)plant at Chiba,Japan in December 2020.The JV agreement between BASF and IKC will be terminated thereafter.BASF's decision to close the BIC plant in mutual agreement with IKC is part of an ongoing global review of long-term options conducted by BASF for its assets in the BDO value chain.The BIC plant employs 21 people and everyone will be offered alternative employment at IKC or BASF Group in Japan.