BASF is investigating the possibility of building a highly-integrated “Verbund” chemical production site in the southern Chinese province of Guangdong. The Verbund site in Guangdong would be BASF’s largest investment and would be operated under the sole responsibility of BASF. The investment is estimated to reach up to US$10 billion by completion of the project around 2030. The first plants could be completed by 2026 at the latest.
In the initial phase, the BASF project would include petrochemical plants – the heart of the well-established Verbund system. A steam cracker with a planned capacity of 1 million metric tons of ethylene per year would be the starting point of the value chains at the new integrated site. In the next phases, plants for more consumer-oriented products and solutions would be built, to serve sectors like transportation or consumer goods. The site would ultimately be the third-largest BASF site worldwide, following Ludwigshafen, Germany, and Antwerp, Belgium.
At the site, BASF intends to implement a comprehensive smart manufacturing concept based on cutting-edge technologies. In the future, customers based in South China would be supplied from this high-tech Verbund site.
BASF and China Petroleum & Chemical Corporation (SINOPEC) have operated a world-scale isononanol (INA) plant in Maoming Hi-tech Industrial Development Zone, Maoming, China since 2015. The plant is run by BASF MPCC Company Limited (BMC), which is a 50-50 joint venture between BASF and SINOPEC. It has an annual capacity of 180,000 metric tons. The plant serves the growing demand for next-generation plasticizers.