Investments1 Investments of around €4.0 billion planned for 2018 Our investments in 2017 focused on the Chemicals, Functional Materials & Solutions and Oil & Gas segments. For example, we started up the expanded compounding plant for Ultramid® and Ultradur® in Schwarzheide, Germany, completed construction of the chemical catalysts plant in Shanghai, China, and invested in field development projects in Argentina, Norway and Russia. We are planning total capital expenditures of around €4.0 billion for the BASF Group in 2018. For the period from 2018 to 2022, we have planned capital expenditures totaling €19.0 billion. The investment volume in the coming years is thus in line with the planning period 2017 to 2021. Projects currently being planned or underway include: Capital expenditures: Selected projects Location Project Geismar, Louisiana Capacity expansion: MDI plant Ludwigshafen, Germany Replacement: acetylene plant Construction: production plant for vitamin A Construction: production plant for ibuprofen Shanghai, China Construction: production plant for plastic additives S´roda S´la˛ska, Poland Capacity expansion: plant for emissions catalysts In the Oil & Gas segment, our currently planned investments of around €3.5 billion between 2018 and 2022 will focus mainly on the development of proven gas and oil deposits in Argentina, Norway and Russia. The actual expenses are also dependent on oil and gas price developments and will be adjusted as necessary. If the merger of our oil and gas activities with the business of DEA Deutsche Erdoel AG and its subsidiaries is consummated as intended, these expenditures will no longer be reported as investments by the BASF Group. 1 Excluding additions to property, plant and equipment resulting from acquisitions, capitalized exploration, restoration obligations and IT investments Investments in property, plant and equipment by segment, 2018–2022 Investments in property, plant and equipment by region, 2018–2022 back next
