Chemical giant BASF has combined its businesses for water, oilfield and mining solutions in an effort to increase efficiency and foster growth, the company announced March 27.
The new global business unit will be located in Ludwigshafen, Germany.
“By combining the strengths of these businesses, sharpening our focused market approach and at the same time increasing operational and innovation excellence, we are in a good position to advance innovative solutions to the water, oilfield and mining industries,” said Hans W. Reiners, president of BASF’s Performance Chemicals division.
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BASF offers a range of products for processes of industrial and municipal water treatment, products for the drilling and completion of oil wells and mineral processing reagents for the mining industry.
All three businesses include parts of the polyacrylamide (PAM) value chain. With the combination of these businesses, BASF says it is taking various steps to increase efficiency and operational excellence in its PAM operations. Significant investments are planned to upgrade the performance of existing production plants, create additional capacity, strengthen R&D efforts and establish a new bio-acrylamide process for further cost optimization.
