BASF raise formic acid prices18 June 2010
Effective immediately, or as existing contracts permit, BASF is raising its prices for formic acid in Europe as follows:Formic acid, 85%: + 30 euros/tonFormic acid, 99%: + 40 euros/tonThis covers a range of industrial sectors including the tanning industry, a BASF spokesperson has confirmed to Leather International.
BASF’s customers, including tanners, use formic acid and mixtures containing formic acid in multiple applications. In animal nutrition, these products serve to improve feed hygiene and digestion, and as a result allow food of animal origin to be produced in a particularly ecoefficient manner. Formic acid removes paints and rust from metallic surfaces and scale from kettles and boilers. In breweries and wineries it disinfects kegs, casks and barrels; applied as an auxiliary in the pharmaceutical and crop protection industry it regulates pH values; in cleaning it acts as a dirt remover and disinfectant.
BASF is the world’s leading producer of formic acid, with production plants in Ludwigshafen, Germany, and Nanjing, China.