BASF to gradually resume chemical production after fatal accident

|About: BASF SE ADR (BASFY)|By:, SA News Editor

BASF (OTCQX:BASFY) says it will gradually restart production at key petrochemical sites at its Ludwigshafen headquarters after this week's deadly fire and explosion had forced it to close them.

BASF says the two Ludwigshafen steam crackers will gradually resume output over the next few days because alternative supply lines will circumvent the disaster area, and downstream sites dependent upon supply from the steam crackers also would resume operations.

BASF says 24 sites including the steam crackers currently are shut or working at reduced loads as a result of the accident, which was considered the worst in the German chemical industry in more than 20 years.