BASF investment in Nanjing shows best practices for Chinese chemical industry
01/12/2005
According to an independent report, BASF’s new $2.9 billion petrochemical site in Nanjing, China, exceeds international standards in the area of health and safety, and creates and secures local jobs. The study measures the economic, environmental and social impact of the investment on the city of Nanjing
The German Society for Technical Cooperation (GTZ) conducted the BASF-commissioned study between January and September of this year, holding interviews with government officials, neighbours of the site and employees inNanjing
In the field of safety standards, the report said that the company plays an exemplary role inChina
Recommendations from the study include continuing community talks and promoting BASF safety and environmental standards to other Chinese companies by holding seminars and organising site visits. BASF has already initiated a strategic alliance with the Chinese State Administration for Work Safety (SAWS) in the area of distribution safety.
It was important for us to analyse not only the economic impact of our investment in Nanjing, but also the social and environmental effects,” said Dr. Bernd Blumenberg, president of BASF-YPC Co. Ltd. We want to use this study to identify areas where we can improve and to initiate a discussion with our local stakeholders. Sustainable development is an issue we take very seriously.”
BASF-YPC Co. Ltd. is a 50-50 joint venture between BASF and Sinopec that produces 1.7 million metric tons of chemicals and polymers per year for the Chinese market.
The German Society for Technical Cooperation (GTZ) conducted the BASF-commissioned study between January and September of this year, holding interviews with government officials, neighbours of the site and employees in
In the field of safety standards, the report said that the company plays an exemplary role in
Recommendations from the study include continuing community talks and promoting BASF safety and environmental standards to other Chinese companies by holding seminars and organising site visits. BASF has already initiated a strategic alliance with the Chinese State Administration for Work Safety (SAWS) in the area of distribution safety.
It was important for us to analyse not only the economic impact of our investment in Nanjing, but also the social and environmental effects,” said Dr. Bernd Blumenberg, president of BASF-YPC Co. Ltd. We want to use this study to identify areas where we can improve and to initiate a discussion with our local stakeholders. Sustainable development is an issue we take very seriously.”
BASF-YPC Co. Ltd. is a 50-50 joint venture between BASF and Sinopec that produces 1.7 million metric tons of chemicals and polymers per year for the Chinese market.
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