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The Warsaw Voice » Other » September 3, 2008
BASF Polska Sp. z o.o.
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Talking Chemicals
September 3, 2008   
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Michael Hepp, Ph.D., managing director of BASF Polska Sp. z o.o., talks to Bartosz Grzybiński.

This is your first Krynica Economic Forum. What are you hoping to get out of it?
So far, I've been pleasantly surprised by the breadth of topics covered by the panels and by the contributions of the participants. I've only been in Poland since March, so this is indeed my first time at the Economic Forum. Given that BASF is the chemical industry leader, that's the area where I'll be focusing.

Please tell us a little about BASF and its operations…
BASF is the largest chemical company in the world. We offer everything from chemicals and refining products, plastics and pesticides, construction chemicals, to oil and natural gas.

Speaking of natural gas, BASF is a shareholder in the Nord Stream gas pipeline. Is Krynica the place to advertise this project?
This is all about coming forward with reliable and honest information rather than advertising. There were so many myths surrounding this project that its main positive aspect disappeared from sight. The northern pipeline will ensure that Europe has stable natural gas supplies for decades to come. There will be new pipeline connections which can be an option for Poland but that won't solely depend on us. Public offers were made in Warsaw months ago.

What are your company's plans for the coming months? Are you planning any major investments or acquisitions in Poland?
We've got a lot of work ahead of us between now and the end of the year. We're going to start work on building 10 million euros worth of facilities near Poznań soon to produce customized construction industry chemicals. The Polish building industry is booming and we want to get even more involved than we have been. We're also planning to press ahead with an innovative energy conservation project we've been working on with our Polish partners, called "A Warm House For You." To cut a long story short, you get to be the owner of your dream home once you install the grey Neopor (a BASF-patented improvement on Styrofoam) thermal insulation panels in a specially designed house purchased on credit.

Your energy bills will be lower in a house like that with its superb thermal insulation.

BASF is interested in both acquiring and partnering other companies here in Poland.
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