BASF and SINOPEC to build new chemical plants in China
BASF and SINOPEC are to expand their Verbund site which will include several new downstream chemical plants.
The partners will expand the production capacities of propionic acid, propionic aldehyde, ethyleneamines, ethanolamines and purified ethylene oxide, and build a new tert-butyl acrylate plant.
The tert-butyl acrylate plant will be an extension to the downstream using acrylic acid and isobutene of the existing Verbund as feedstock, which marks the first time this advanced production technology is applied outside of Germany.
The expanded and new plants are planned to come on stream in 2023.
“SINOPEC and BASF have carried out in-depth and friendly cooperation for a long time, earnestly implemented relevant requirements of the national and local governments to accelerate the transformation and green development of the petrochemical industry, continuously optimised the industrial structure, and promoted further extension of the industrial chain to the downstream,” said Yuefeng Gu, chairman of Sinopec Yangzi Petrochemical Company and BASF.
“With the expansion of the Verbund site, we will provide more high-end new materials for the domestic market to meet the growing needs of domestic customers and the development of emerging industries.”
“This is a substantial step forward since the signing of a Memorandum of Understanding in 2018 to further strengthen our long-term partnership with SINOPEC,” said Dr Stephan Kothrade, president and chairman of BASF Greater China.
“With the envisioned investment bundle, we will introduce state-of-the-art technologies and use the Verbund advantages to the fullest.”
“Tert-butyl acrylate as a new product in our portfolio will further strengthen the market position of BASF-YPC,” said Bram Jansen, president of BASF. “Based on the 20-year success, we are expanding the local capacities to better meet the continually rising demand of our customers.”
The partners will expand the production capacities of propionic acid, propionic aldehyde, ethyleneamines, ethanolamines and purified ethylene oxide, and build a new tert-butyl acrylate plant.
The tert-butyl acrylate plant will be an extension to the downstream using acrylic acid and isobutene of the existing Verbund as feedstock, which marks the first time this advanced production technology is applied outside of Germany.
The expanded and new plants are planned to come on stream in 2023.
“SINOPEC and BASF have carried out in-depth and friendly cooperation for a long time, earnestly implemented relevant requirements of the national and local governments to accelerate the transformation and green development of the petrochemical industry, continuously optimised the industrial structure, and promoted further extension of the industrial chain to the downstream,” said Yuefeng Gu, chairman of Sinopec Yangzi Petrochemical Company and BASF.
“With the expansion of the Verbund site, we will provide more high-end new materials for the domestic market to meet the growing needs of domestic customers and the development of emerging industries.”
“This is a substantial step forward since the signing of a Memorandum of Understanding in 2018 to further strengthen our long-term partnership with SINOPEC,” said Dr Stephan Kothrade, president and chairman of BASF Greater China.
“With the envisioned investment bundle, we will introduce state-of-the-art technologies and use the Verbund advantages to the fullest.”
“Tert-butyl acrylate as a new product in our portfolio will further strengthen the market position of BASF-YPC,” said Bram Jansen, president of BASF. “Based on the 20-year success, we are expanding the local capacities to better meet the continually rising demand of our customers.”
