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Article: China : BASF plans to double sales in Asia, breaks ground on Nanjing JV.
- Article from:
- TendersInfo
- Article date:
- October 1, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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BASF SE and China Petroleum & Chemical Corp. (Sinopec) broke ground on Sept. 28 for the expansion of their joint venture BASF-YPC Co. Ltd. (BYC). in Nanjing. The companies plan to jointly invest $1.4 billion to produce downstream chemical intermediates and specialties for the Chinese market.
Under the expansion, BYC will raise its ethylene capacity from 600,000 metric tonnes per year to 740,000 metric tonnes per year, expand three plants and build 10 new plants. The products will serve multiple industries including agriculture, construction, electronics, pharmaceutical, automotive and chemical manufacturing.
BYC started commercial production of ethylene ...