June 20, 2011

 
BASF increases prices of formic acid in Europe, Asia and South America

Effective immediately, or as existing contracts permit, BASF is raising its prices for formic acid in Europe by EUR80 (US$114) per tonne, in South America by US$80 per tonne and in Asia by US$50 per tonne.

BASF's customers use formic acid in multiple applications. The eco-efficient acid helps to keep certain feeds fresh and free of salmonellae, removes paints and rust from metallic surfaces and scale from kettles and boilers. In breweries and wineries it disinfects kegs, casks and barrels; applied as an auxiliary in the pharmaceutical and crop protection industry it regulates pH values; in cleaning it acts as dirt remover and disinfectant. Formic acid salts, the so-called formates, serve as high-class de-icing agents and valuable auxiliaries in oil production. BASF is the world's leading producer of formic acid, with production plants at its integrated Verbund sites in Ludwigshafen, Germany, and Nanjing, China.