Ethylene Oxide: BASF announces new investments in Europe

In early October, BASF announced plans to increase ethylene oxide (EO) and EO derivative capacity at its plant in Antwerp (Belgium). These investments will keep BASF firmly ahead as Europe's leading EO producer. But they also come at a time of immense MEG overcapacity. This short note addresses: • The rationale for BASF to plan new investments in EO and EO derivatives • The other planned investments in EO in Europe • The impact all those investments will have on global markets.