BASF To Use Imports To Secure Formic Acid, Methylformate Supply

BASF Corp., the Florham Park, N.J.-based North American affiliate of Germany-based BASF SE, is
increasing its imports of both formic acid and methylformate, a precursor of formic acid, into the
United States so it can continue supplying customer demand.

Dallas-based Celanese Corp., which currently produces most of the formic acid sold by BASF in
the United States at its Pampa, Texas, plant, will shutter that facility in early 2009. 

“BASF has set up a supply chain and a new logistics infrastructure to ensure that customers
will have a reliable supply,” said Teressa Szelest, group vice president, BASF Intermediates
business in North America.

BASF — the world’s largest supplier of formic acid, with a worldwide capacity of 255,000 tons
per year — has formic acid and methylformate production operations in Germany and at its joint
venture plant in China.

December 9, 2008