Construction of this first phase is set to begin in the spring and projected to be completed by the end of 2020. BASF currently produces 300,000 metric tons of MDI a year. The product is used to make polyurethane foams. The goal is to double production to 600,000 metric tons.

What products do BASF make?

BASF produces a wide range of chemicals such as solvents, amines, resins, glues, electronic-grade chemicals, industrial gases, basic petrochemicals, and inorganic chemicals. The most important customers for this segment are the pharmaceutical, construction, textile, and automotive industries.

Who does BASF sell to?

Bayer will sell BASF $9 billion in assets to allow Monsanto purchase.