LUDWIGSBURG, Germany, Nov. 18, 2021 (Press Release) -With immediate effect or as existing contracts permit BASF is increasing the prices of the polyalcohols Neopentyl Glycol (NPG) and 1,6-Hexanediol (HDO) in Europe:
Product Price Increase
Neopentyl Glycol (NPG) + 400 EUR/mt
1,6-Hexanediol (HDO) + 1.000 EUR/mt
Neopentyl Glycol (NPG) is a high-quality intermediate used, for example, to produce polyester resins for coatings, unsaturated polyester resins, lubricants and plasticizers. 1,6-Hexanediol (HDO) is used to manufacture industrial coatings including lower volatile organic compound formulations, polyurethanes, adhesives, and cosmetics. HDO also serves as a reactive thinner in the formulation of epoxy systems, which for example are used for the efficient production of rotor blades for modern wind turbines, as well as construction components for automotive lightweight applications.
At BASF, we create chemistry for a sustainable future. We combine economic success with environmental protection and social responsibility. More than 110,000 employees in the BASF Group contribute to the success of our customers in nearly all sectors and almost every country in the world. Our portfolio is organized into six segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care and Agricultural Solutions. BASF generated sales of €59 billion in 2020. BASF shares are traded on the stock exchange in Frankfurt (BAS) and as American Depositary Receipts (BASFY) in the U.S.