BASF declares force majeure on PolyTHF in North America

• THF and PolyTHF plants shut down after event impacting THF unit
  
  
• Force majeure on PolyTHF expected through second quarter 2017

FLORHAM PARK, NJ, March 22, 2017 – BASF has declared force majeure in North America on PolyTHF^® following an event that impacted production in its Tetrahydrofuran (THF) manufacturing unit in Geismar, Louisiana. The event forced the shutdown of the THF and PolyTHF production units.

While THF and PolyTHF production has resumed, the units were suspended for several weeks. The company estimates the force majeure will last through the second quarter of 2017.

BASF informed affected customers and is working to minimize the impact of the event on its customers’ business. The event did not impact the safety or quality of the PolyTHF material.

The company will continue to update customers regarding supply capability over the next few weeks.

About BASF

BASF Corporation, headquartered in Florham Park, New Jersey, is the North American affiliate of BASF SE, Ludwigshafen, Germany. BASF has more than 17,500 employees in North America, and had sales of $16.2 billion in 2016. For more information about BASF’s North American operations, visit www.basf.us.

At BASF, we create chemistry for a sustainable future. We combine economic success with environmental protection and social responsibility. The approximately 114,000 employees in the BASF Group work on contributing to the success of our customers in nearly all sectors and almost every country in the world. Our portfolio is organized into five segments: Chemicals, Performance Products, Functional Materials & Solutions, Agricultural Solutions and Oil & Gas. BASF generated sales of about €58 billion in 2016. BASF shares are traded on the stock exchanges in Frankfurt (BAS), London (BFA) and Zurich (BAS). Further information at www.basf.com.

P-US-17-027