BASF to increase price for neopentylglycol in North America

FLORHAM PARK, NJ, November 30, 2017 – Effective January 1, 2018, or as contracts allow, BASF will increase prices for neopentylglycol (NPG) sold in North America by $0.04/lb.

NPG, which is marketed by BASF under the brand NEOL^®, is mainly used as a building block in polyester resins for coatings, unsaturated polyesters, lubricants and plasticizers. BASF produces NPG in Freeport, Texas; Ludwigshafen, Germany; as well as Nanjing and Jilin in China.

NEOL is a registered trademark of BASF Corporation.

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-17-132