BASF and Sinopec JV site officially opened - sportstextiles: Lea SportsTextiles

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BASF and Sinopec JV site officially opened

28/09/2005
BASF and Sinopec have announced the official opening of their facility in Nanjing, China. The new Verbund site is being run by BASF-YPC Co. Ltd. and is the largest petrochemical project between Sinopec and a foreign company, with a total investment of $2.9 billion.

Due to the smooth and successful start-up, BASF and Sinopec will invest in additional downstream plants and in the expansion of the steam cracker at their joint venture site in Nanjing to further strengthen the Verbund synergies. The expansion plans were announced today before the opening ceremony.

BASF-YPC Co. Ltd. is a 50-50 joint venture between BASF and Sinopec. The ground breaking for the site, located in Nanjing, Jiangsu Province, took place on September 28, 2001. BASF-YPC Co. Ltd. successfully started commercial production at a steam cracker as well as nine downstream plants in China in June 2005. These plants are interconnected in order to use products, by-products and energy in the most efficient way. The 220-hectare site produces 1.7 million metric tons of chemicals and polymers per year for the rapidly growing Chinese market.
 

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