Effective immediately, or as specified by contract, BASF will resume an energy surcharge on all kaolin products that are manufactured at the BASF middle Georgia kaolin operation. The energy surcharge will be modified monthly based on closing prices for natural gas each month.

 

This action is necessary because the March 2008 NYMEX settlement price of $8.93-per-million British Thermal Units (BTUs) for natural gas exceeded the $8.00-per-million BTU threshold set by BASF in the existing kaolin energy surcharge program that was established in October of 2005.

 

Kaolin customers can determine the precise impact on their purchases by contacting their local BASF sales representative.