June 1, 2006

BASF raises prices for formic acid
 

Press release
 

As of May 19, BASF has raised its formic acid prices with immediate effect by EUR40/tonne in Europe unless existing contractual agreements state otherwise. This markup mainly reflects increases in raw material and energy costs.

Formic acid is used in multiple applications. The eco-efficient acid helps to keep certain feeds fresh and free of salmonellae. It is also applied as an auxiliary in the pharmaceutical and crop protection industries to regulate pH values, among other uses.

BASF is a leading producer of formic acid, with production plants at its integrated Verbund sites in Ludwigshafen, Germany, and Nanjing, China.