BASF to increase prices for select polyalcohols in North and South America

FLORHAM PARK, NJ, March 1, 2024 – Effective March 15, 2024, or as existing contracts permit, BASF will increase prices in North and South America for select polyalcohols.

Neopentylglycol (NPG) is a unique polyalcohol offering superior performance in relation to other polyalcohols. Due to its high chemical and thermal stability, NPG has proven itself in many applications, especially as a building block for the production of polyester and alkyd resins for various coatings and plastics. An essential field of NPG application is powder coatings, which prove particularly successful in the construction industry as well as in the coating of household appliances. Other areas of application for NPG include the manufacture of lubricants, plasticizers and pharmaceuticals: It is used as a building block in the synthesis of for example hormones, cardiovascular drugs and painkillers. BASF markets NPG under its NEOL^® brand.

1,6-Hexanediol (HDO^®) is used to manufacture industrial coatings including lower volatile organic compound formulations, polyurethanes, adhesives, and cosmetics. HDO also serves as a reactive thinner in the formulation of epoxy systems, which for example are used for the efficient production of rotor blades for modern wind turbines, as well as construction components for automotive lightweight applications.

Capromer^® polycaprolactone is a specialty polyol for high performance polyurethane applications, for example thermoplastic elastomers used in technical applications and coatings.

NEOL, HDO and Capromer are registered trademarks 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 approximately 16,000 employees in North America and had sales of $20.5 billion in 2023. 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. Around 112,000 employees in the BASF Group contribute to the success of our customers in nearly all sectors and almost every country in the world. Our portfolio comprises six segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care and Agricultural Solutions. BASF generated sales of €68.9 billion in 2023. BASF shares are traded on the stock exchange in Frankfurt (BAS) and as American Depositary Receipts (BASFY) in the United States. Further information at www.basf.com.