Investments1
- Investments of around €3.9 billion planned for 2017
Our investments in 2016 focused on the Chemicals, Performance Products and Oil & Gas segments. For example, we started up further sections of the TDI production complex in Ludwigshafen, Germany; completed construction of the aroma ingredients complex in Kuantan, Malaysia; and invested in field development projects in Argentina, Norway and Russia.
For 2017, we are planning total capital expenditures of around €3.9 billion for the BASF Group. We have planned capital expenditures totaling €19.0 billion for the period from 2017 to 2021 and will invest more than a quarter of this amount in emerging markets. The average investment volume in the years ahead will therefore remain at the same level as in 2016. Projects currently being planned or underway include:
Capital expenditures: Selected projects |
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Location |
|
Project |
|---|---|---|
Caojing, China |
|
Construction: automotive coatings plant |
Geismar, Louisiana |
|
Capacity expansion: MDI |
Ludwigshafen, Germany |
|
Replacement: acetylene plant |
|
|
Construction: vitamin A production plant |
In the Oil & Gas segment, our currently planned investments of around €4.4 billion between 2017 and 2021 will focus mainly on the development of proven gas and oil deposits in Argentina, Norway and Russia. The actual amount of expenditure is also dependent on oil and gas price developments and will be adjusted as necessary.
1 Excluding additions to property, plant and equipment from acquisitions, capitalized exploration, restoration obligations and IT investments
Investments in property, plant and equipment by segment, 2017–2021
Investments in property, plant and equipment by region, 2017–2021
