June 3, 2008

BASF announces price increase for carboxylic acids

BASF announced it would raise its prices for carboxylic acids immediately in Europe.

Formic Acid, 85 percent will now increase by EUR80 / tonne, Formic Acid, 99 percent by EUR100 / tonne and Propionic Acid by EUR90 / tonne.

BASF's formic acid and mixes contain formic acid in multiple applications.

In animal nutrition, they improve feed hygiene and digestion, and as a result allow food of animal origin to be produced in a particularly eco-efficient manner.

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