BASF in Oconee County plans new automotive product

by Staff

The Oconee County Council has approved incentives for BASF in return for an investment of at least $30 million and up to $60 million at its plant in Seneca. A company statement said the investment at the Seneca site is “to upgrade existing equipment to produce a new product for market.”

No new jobs are included in the project.

BASF “will be producing a product that will be used in automotive catalytic converts designed for heavy diesel engines,” said David Johnson, a spokesman at BASF’s North America headquarters in Florham Park, N.J. He said the company is “looking to spend about $60 million over the next five years.”

Records show that a 20-year fee in lieu of taxes and other incentives approved Tuesday represent a $2.1 million net cost to the county in return for a net local economic benefit of about $25.2 million.

The plant is a specialty chemical catalysts manufacturing and precious metal refining facility, according to the website. The Ludwigshafen, Germany-based company’s plant is located in the Reedy Fork community, about two miles south of Seneca, according to its website.

The BASF statement said the plant has “grown significantly over the past five years. During that time, we have developed a positive relationship with the community and its leaders. Today, our Seneca plant has approximately 360 local employees who support many different areas of our business, making it one of our more versatile operating sites.”