BASF’s new Verbund project in China
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BASF today inaugurated a new liaison office in the city of Zhanjiang, China, marking another significant milestone in establishing local presence to further develop and implement BASF’s plans for a new, integrated chemical production site.
It is a common adage that “a picture is worth a thousand words.” So, what better way to celebrate the success of BASF’s ground-breaking steam methane reformer (SMR) project, started in 2017, than by inviting students from the Changshou Special Education School to complete a jigsaw puzzle of BASF’s methylene diphenyl diisocyanate (MDI) integration site? Mr. Wu Cunrong, Executive Vice Mayor of Chongqing Municipal Government, and Mr. Sanjeev Gandhi, Member of the Board of Executive Directors of BASF SE, responsible for Asia Pacific, placed the final two pieces of the jigsaw puzzle.
October 29, 2018 – BASF and SINOPEC have signed a Memorandum of Understanding (MoU) in Beijing to further strengthen their partnership in upstream and downstream chemical production in China. The partners intend to build an additional steam cracker and to further expand their existing 50:50 joint venture, BASF-YPC Company, Limited (BASF-YPC). A joint pre-feasbility study will be concluded by the end of 2018. Additionally, the two companies will jointly explore new business opportunities in China’s fast-growing battery materials market.
BASF and Guangdong provincial government signed a Framework Agreement in Ludwigshafen setting out further details of BASF’s plan to establish a new smart Verbund site in Guangdong, China. Following the signing of the Memorandum of Understanding in July 2018, BASF has selected the city of Zhanjiang as the location for its second Verbund site in China.