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July 13, 2018

Volume 5 Issue 33

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Briefly Noted

Lubes manufacturer MJL Bangladesh Ltd. said in a stock exchange filing it approved purchase of 1.47 acres of land in Bangladesh at South Patenga, Chattogram – adjacent to an existing warehouse – for 1700 lakh Bangladeshi taka (Tk17 million or U.S. $202,000) for its future expansion.  BASF is investigating establishment of an integrated Verbund chemical production site in the South Chinese province of Guangdong, with potential investment of up to $10 billion until around 2030, and startup of first plants in 2026 at the latest. According to a company presentation, the site’s preliminary intended scope would include products such as polyols, amines, intermediates and surfactants, and a pre-feasibility study is the next step.