BASF to increase price for Neopentylglycol in North America

FLORHAM PARK, NJ, September 1, 2020 – Effective October 1, 2020, or as existing contracts permit, BASF Corporation will increase its price for all grades of neopentylglycol (NEOL^®/NPG) by $0.07 / lbs.

NPG, which is marketed by BASF Corporation under the brand NEOL^®, is mainly used as a building block in polyester resins for coatings, unsaturated polyesters, lubricants and plasticizers.              

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 18,800 employees in North America and had sales of $18.4 billion in 2019. For more information about BASF’s North American operations, visit www.basf.com/us.

At BASF, we create chemistry for a sustainable future. We combine economic success with environmental protection and social responsibility. More than 117,000 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 six segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care and Agricultural Solutions. BASF generated sales of €59 billion in 2019. BASF shares are traded on the stock exchange in Frankfurt (BAS) and as American Depositary Receipts (BASFY) in the U.S. Further information at www.basf.com.

P-20-291

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