Löbbe said that BASF is still assessing losses from the Gulf Coast hurricanes; the final loss estimate will depend to a great degree on the startup of the Port Arthur, Texas, cracker that BASF operates in a joint venture with Total. BASF suffered only minor damage to its facilities.
Losses are primarily due to interruption of business at BASF sites in the region as well as at suppliers' and customers' facilities, severe impacts on the transportation infrastructure in Texas and Louisiana, and, to a lesser extent, property damage. Currently, all facilities with the exceptions of Beaumont, Texas, and Port Arthur – both in the area hit hardest by Hurricane Rita – are back to normal operations. The Port Arthur cracker is in the process of being restarted. The agrochemicals site in Beaumont will resume full operations November 1, 2005.
BASF - The Chemical Company. We don't make a lot of the products you buy. We make a lot of the products you buy better.
Leading chemical company BASF's portfolio ranges from chemicals, plastics, performance products, agricultural products and fine chemicals to crude oil and natural gas. As a reliable partner to virtually all industries, BASF's intelligent solutions and high-value products help its customers to be more successful. BASF develops new technologies and uses them to open up additional market opportunities.
marketing@alchempro.com
