Yeosu, South Korea -- BASF inaugurated a $63-million steam boiler plant at its Yeosu, South Korea site on 9 July. The site is a major facility for making raw materials for polyurethanes, and completion of the boiler plant "will enable us to manufacture polyurethanes more efficiently and reliably, in order to meet the continuing demands of the Asian market," said Jacques Delmoitiez, president of BASF's Polyurethanes division, in a company statement
The plant will deliver steam to BASF's MDI (methylene diphenyl diisocyanate) and TDI (toluene diisocyanate) plants in Yeosu. These important polyurethanes precursors are used to make foam insulation for buildings and appliances and reefer containers, as well as for flexible comfort foam for seats and interior car parts, BASF pointed out, in its statement.
During the inauguration, Dr Tilman Krauch, president of BASF Asia Pacific, noted BASF's "faithful partnership with the city of Yeosu" over the last 20 years and said BASF is proud to be part of Yeosu's further development by setting up the steam-generation plant. The Yeosu boiler plant will use the latest clean-air technology including catalyst bed and chemical injection systems to minimise emissions and create greater efficiency in steam generation, BASF said.
Governor Joon-Yung Park of Jeonnam Province, Mayor Hyun-Sup Oh of Yeosu and Mr. Chin-Wook Cho, ceo and chairman of BASF Korea also participated in the ceremony.
BASF announced the plan to build this plant in June 2007, and the project was successfully completed on schedule.
At Yeosu, BASF operates a 180-kilotonnes-per-annum (ktpa) MDI plant and a 160 ktpa TDI plant. BASF, which has operated in the country since 1954, says it is now one of Korea's largest foreign investors, supplying thermoplastics, chemicals and performance products, as well as polyurethanes. The company has about 1000 employees across Korea and had KrW 2.4 trillion in sales in 2008.