GTZ study on the investment in Nanjing
BASF's Verbund site in Nanjing/China exceeds international standards in the area of health and safety and creates and secures local jobs, according to an independent study conducted by the German Technical Cooperation (GT/Z).
The BASF-commissioned study was conducted between January and September 2005 and measures the economic, environmental, and social impact of BASF's investment on the city of Nanjing and the surrounding region. For this purpose, interviews were conducted with members of government, local residents as well as with employees of BASF at Nanjing.
In November, the initial results of the study were first discussed with stakeholders in Nanjing, before being presented and discussed with international experts at a stakeholder workshop in Shanghai.
BASF-YPC Co. Ltd. is a 50:50- joint venture between BASF and Sinopec that produces chemicals and polymers for the rapidly growing Chinese market. The 220-hectare integrated petrochemical site started commercial production in June 2005.
Especially in the field of safety standards, the report said that the company plays an exemplary role in China. At the height of the plant's construction, technical experts from 22 countries and 15,000 workers were on site, working together to build the plants and infrastructure. During the construction phase, more than 100,000 workers received very thorough safety training from BASF-YPC Co. Ltd.
Recommendations from the study include continuing community talks and promoting BASF safety and environmental standards to other Chinese companies, for example, by holding seminars and organizing visits. In the area of transport safety, BASF has already initiated a strategic alliance with the Chinese State Administration for Work Safety (SAWS).
The Nanjing site is modelled on the Verbund concept originating from BASF's headquarters in Ludwigshafen, Germany - the world's largest, single-company chemical production complex. By linking manufacturing plants, the company can use products, by-products and energy in the most efficient way, so as to realize cost efficiency and minimize environmental impact. The site is also being served by state-of-the-art utilities, e.g., in the form of a gas-fired power plant.