BASF to increase price for diols and derivatives in North America

FLORHAM PARK, NJ, June 1, 2018 – Effective July 1, 2018, or as existing contracts permit, BASF will increase prices in North America for 1,4-Butanediol and derivatives.

Product                                                                            Price Increase
1,4- Butanediol (BDO)                                                      $0.07 / lb
Tetrahydrofuran (THF)                                                      $0.09 / lb
Gamma-butyrolactone (GBL)                                           $0.09 / lb
N-methylpyrrolidone (NMP)                                              $0.09 / lb
N-vinylpyrrolidone (NVP)                                                  $0.09 / lb
Polytetramethylene ether glycol (PolyTHF^®) 1000            $0.09 / lb
Polytetramethylene ether glycol (PolyTHF^®) 2000            $0.09 / lb
Polytetramethylene ether glycol (PolyTHF^®) 650              $0.15 / lb
2-Pyrrolidone (2-P)                                                           $0.09 / lb

BDO and its derivatives are used for producing engineering plastics, polyurethanes, solvents and elastic spandex fibers.

About BASF

BASF Corporation, headquartered in Florham Park, New Jersey, is the North American affiliate of BASF SE, Ludwigshafen, Germany. BASF has more than 18,200 employees in North America, and had sales of $17.9 billion in 2017. For more information about BASF’s North American operations, visit www.basf.com.

At BASF, we create chemistry for a sustainable future. We combine economic success with environmental protection and social responsibility. The more than 115,000 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 €64.5 billion in 2017. BASF shares are traded on the stock exchanges in Frankfurt (BAS), London (BFA) and Zurich (BAS). Further information at www.basf.com.

P-US-18-066