BASF are raising their formic acid prices with immediate effect by 40 euros per metric ton in Europe unless existing contractual agreements state otherwise. This markup mainly reflects increases in raw material and energy costs.
BASF’s customers use formic acid in multiple applications. The eco-efficient acid helps to keep certain feeds fresh and free of salmonellae, 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 dirt remover and disinfectant. Formic acid salts, the so-called formates, serve as highclass de-icing agents and valuable auxiliaries in oil production. BASF are leading producers of formic acid, with production plants at their integrated Verbund sites in Ludwigshafen, Germany, and Nanjing, China.
