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Oil & Gas

Air Products completes sale of DNT production facility

April 10, 2006
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According to PRNewswire, Air Products has completed the sale of its dinitrotoluene (DNT) production facility in Geismar, La., to BASF Corporation for $155 million. Air Products had announced the planned sale on March 22 as part of its Polyurethane Intermediates business restructuring. The plant is located at BASF''s major manufacturing site in Geismar. The Air Products industrial gas facilities at this same location are not included in this proposed transaction and will continue to produce and supply hydrogen, carbon monoxide and syngas for BASF and other customers. This transaction does not include Air Products'' Pasadena, Texas polyurethane intermediates facility, which continues to operate.

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