BASF Idemitsu Co., Ltd. (BIC), a joint venture between BASF SE and Idemitsu Kosan Co., Ltd. (IKC), will be closing its 1,4-Butanediol (BDO) plant at Chiba, Japan in December 2020.    The joint venture agreement between BASF and IKC will be terminated thereafter.   BASF’s decision to close the BIC plant in mutual agreement with IKC is part of an ongoing global review of long-term options conducted by BASF for its assets in the BDO value chain.    The BIC plant employs 21 people and ev...