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Sales of styrene monomer, propylene oxide, and other petrochemical products also increased on the back of favorable market conditions that supported price increases taken in response to the rising prices of feedstocks such as naphtha. BASF AG and Dow Chemical launched a long-term venture to produce propylene oxide (PO) at the world's first commercial-scale hydrogen peroxide propylene oxide (HPPO) plant at BASF's site in Antwerp, Belgium. Dow says it can produce NOP products that match or exceed the performance of hydrocarbon-based polyols by creating optimized blends of NOPs and standard propylene oxide polyols. |
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