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Gold/Mining/Energy : Gasification Technologies

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To: Dennis Roth who wrote (1346)	7/11/2008 1:01:50 PM
From: Dennis Roth	of 1740

BASF considers Antwerp as possible site for 1.5 bln euro coal gasification plant 07.04.08, 3:33 AM ET forbes.com FRANKFURT (Thomson Financial) - BASF SE. is considering Antwerp as a possible location for its planned 1.5 billion-euro coal gasification plant, should the project be realised, Financial Times Deutschland reported, citing management board member Harald Schwager. BASF (nyse: BF - news - people ) has previously also considered Ludwigshafen -- where the company is headquartered -- as a possible location. Currently, the project has been shelved due to uncertainty over the future costs of emission certificates, the company previously said. The German government and the European Commission are in an ongoing tussle over how to handle the allocation of emission rights from 2013. BASF was planning to use the gas from the plant to produce methanol and ammonia, which are key chemicals for plastics, fertilisers and pesticides. christoph.steitz@thomsonreuters.com cs1/rfw Copyright Thomson Financial News Limited 2008. All rights reserved.

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