BASF Investor Day Chemicals Segment - Intermediates

BASF Plant 1 BASF Plant 2 Process improvements and favorable raw material positions drive economics 1,4-Butanediol (BDO) global cash cost curve* average cash costs 2013 in US$/kg Cash costs O-BASF The Chemical Company BASF has cost leading acetylene technology ■ Continuous improvement of cash costs ■ New improved Reppe process** gives cost leadership for new plants ■ Investment economics based on favorable raw material BASF Plant 3 BASF Plant 4 BASF Investor Day Chemicals segment - Intermediates, May 22, 2014 Production capacity Source: BASF Reppe technology, first introduced by BASF in 1930'ies 13

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