29 May 2013 10:55 [Source: ICIS news]
SINGAPORE (ICIS)--BASF and China’s SINOPEC plan to increase the capacity of their joint venture ethylene oxide (EO) plant in Nanjing, China, and to set up a new neopentylglycol (NPG) plant, the German chemical major said in a statement on Wednesday.
The 50-50 joint venture, BASF-YPC Co, will raise the existing 330,00 tonnes/year capacity of the EO unit, the statement said but did not disclose the size of the expansion.
It said the capacity of its acrylic acid value chain with more acrylic acid and butyl acrylate will also be increased by 2014 but did not give details.
Financial details for the capacity expansion and for the new NPG plant were also not disclosed.
“We see great market potential in China and the region for these products,” said Dr. Stephan Kothrade, President, BASF-YPC Company.
“Together with the superabsorbent polymer (SAP) plant, now under construction and also expected to begin production in 2014, BASF-YPC Company will enhance its support to the home care and hygiene industries as well as the coatings, textiles, and construction industries,” the statement added.
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