German chemical conglomerate BASF said in a news release Monday that it has started up its expanded ethylene oxide (EO) and ethylene oxide derivatives unit at the Verbund site in Antwerp, Belgium, bringing its total European EO production capacity to 1.245 million metric tons/year.

The expansion was first announced in September 2019. The cost of the investment exceeded EUR500 million ($527 million), according to the news release.

According to BASF, the capacity enlargement involved the construction of a second world-scale EO unit at the site plus additional capacity to produce alkoxylates, which are derivatives of EO.

Alkoxylates are used in a wide range of applications such as in detergent and cleaning, automotive and construction industry, BASF said.

This content was created by Oil Price Information Service, which is operated by Dow Jones & Co. OPIS is run independently from Dow Jones Newswires and The Wall Street Journal.

--Reporting by Yazdi Merchant, ymerchant@opisnet.com; Editing by Rob Sheridan, rsheridan@opisnet.com

(END) Dow Jones Newswires

October 16, 2023 13:50 ET (17:50 GMT)

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