28 September 2009 12:18 [Source: ICIS news]
SINGAPORE (ICIS news)--German petrochemical major BASF’s proposed crude methylene di-p-phenylene isocyanate (MDI) joint venture plant at Chongqing in southwestern China is expected to receive approval from the government this year, BASF said in a statement issued over the weekend.
“Final approvals of the project by Chinese regulators are expected in 2009, and subsequently the BASF board of executive directors plans to approve the investment in the first quarter of 2010 after finalising all necessary agreements regarding raw materials and utilities supply and integration,” said BASF.
The 400,000 tonne/year plant was expected to achieve mechanical completion by 2013 and commercial production the following year, BASF said.
Commercial production at the new plant had initially been targeted for 2012.
A BASF spokesperson told ICIS news in February that the timing of the project was under consideration and that it was too early to offer specific timetables for the project.
BASF signed a memorandum of cooperation in June 2007 with Chongqing Chemical and Pharmaceutical Holding Co (CCPHC) and the relevant local authorities to set up the 400,000 tonne/year MDI plant at the Changshou Chemical Industry Park in Chongqing, a provincial-level municipality in Sichuan province.
MDI is a raw material for making polyurethane foams used in various applications, including construction, automobiles, home appliances and shoe soles.
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|