BASF accident tracking - The acetone industry is once again on the ups and downs

china Coatings Online News:
BASF, the world's largest chemical company, exploded at its headquarters in Ludwiggang, Germany, during the day. This triggered a new wave in the chemical industry, this paper for you to analyze, its phenolic ketone industry and acetone market may have an impact.
, according to BASF's latest information, as of the 17th night, the accident has killed two people and injured many others. Two people are still unaccounted for. Staff said that afternoon, a number of surrounding residents came to inquire about the explosion, they are mainly concerned about whether the explosion will bring harm to the surrounding environment. BASF said in a statement that night that no harmful chemicals had been detected in the surrounding air and soil. Despite this, the group and local police urged residents to avoid going out and close doors and windows.
, basinge gas, said the explosion occurred on the same day a chemical raw material transport pipeline, the pipeline has been cut off, steam cracking devices and other related devices have been shut down. Predictably, the BASF Group's accident will tighten the global supply of chemicals in the short term. According to the data, BASF offers products consisting mainly of chemicals, plastics, specialty products, agricultural products, fine chemicals, and crude oil and natural gas.
recent years, BASF has focused on the development of petrochemical integration, with ethylene cracking as the leader, with a series of products, the first project is the second raw materials, as an integrated development. BASF now has two integrated bases at its Ludwiggang plant and Antwerp, with plans to build two more in China and North America. BASF will build a world-class acetylene production facility at its base in Ludwigsh, Germany, with the new unit replacing the existing one to be opened by the end of 2019. The accident may also affect the construction of the plant.
for the phenolic ketone industry chain, the devices likely to be affected by this incident are BASF's 380,000 tonnes/year propylene plant, which has been discontinued or has led to higher prices for propylene in Europe, thereby driving the short-term EU phenolic ketone market.
that in October, European acetone was mainly imported through Russia and exported to the United States. At present, the United States and India are in the same global acetone high-priced zone, while Europe and China (temporarily) have withdrawn from the high-priced zone. This emergency will not have a impact on the domestic market, but may push the EU spot market up.
So in the long run, although the BASF explosion accident in China's chemical market has limited short-term impact, but in a big way, the recent frequent accidents at home and abroad chemical plants, is likely to trigger global concerns and discussions on petrochemical enterprise site construction, safe production operations, environmental protection-related issues. More stringent requirements are put forward for the operation of existing petrochemical plants and the construction of new installation sites in the future.
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