BASF-YPC on track with investments in China - official

23 May 2011 13:57  [Source: ICIS news]

LONDON (ICIS)--BASF and China Petroleum and Chemical Co (Sinopec) are on track with plans for their BASF-YPC joint venture to invest $1bn (€710m) in plants in China, an official with BASF said on Monday.

In the recent release of its first-quarter financial results, the German chemical major said it will expand its verbund (interlinked production plants) site in Nanjing with Sinopec, China's largest refiner, as well as the speciality chemicals business in Kuantan, Malaysia, with partner Petronas.

“We have a couple of projects we are looking at: the acrylic acid facility, hydrogen peroxide/propylene oxide facility and capacity increase of the two propyl-heptanol and styrene monomer [units],” said Albert Heuser, president of BASF Asia-Pacific, who was speaking from BASF’s headquarters in Ludwigshafen, Germany.

“The superabsorbent polymers plant will be constructed as the final part of the project,” said Heuser.

BASF is currently conducting feasibility studies to help estimate capacity expansions for the facilities in Asia.

“The aim is to complete a feasibility study before each of the different projects mentioned. We aim to complete the study separately from the timeline but we don’t have specific time and dates,” added Heuser.

“Around 160,000 tonnes/year of acrylic acid [is to be produced]. But for the other projectsit is part of the feasibility study to figure out what is the right dimension and what is the right capacity,” he said.

Last month, BASF started building a methyl di-p-phenylene isocyanate (MDI) complex in Chongqing, China, which is to cost around yuan (CNY) 8bn ($1.23bn) and due to start up by 2014.

 ($1 = €0.71, $1 = CNY6.49)

For more on BASF and Sinopec, visit ICIS company intelligence
Read John Richardson and Malini Hariharan’s Asian Chemical Connections blog


By: Tanzeel Akhtar
+44 208 652 3214



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