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Comment Business & Economics

BASF and Sinopec complete second phase of Nanjing  

By Gerald Ondrey |

BASF SE (Ludwigshafen, Germany; www.basf.com) and Sonopec Corp. (Beijing, China; www.sinopec.com.cn) today inaugurated the $1.4-billion second phase of their integrated petrochemical site in Nanjing, bringing crucial chemicals to the China market that will support the development of more sustainable local industries. “Through this successful partnership, we are able to bring vital chemical products and solutions to China that will directly support local industries as they strive to meet the needs of a rapidly developing population,” says Martin Brudermüller, vice chairman of the Board of Executive Directors of BASF SE, responsible for Asia Pacific. “At the same time we are also investing in advanced production technologies that themselves use less water, save energy and reduce emissions. The Nanjing site is a flagship example of our Verbund system, which achieves extremely efficient production and safety by clustering plants and re-using by-products,” he continues. “With the smooth completion of the second phase of Nanjing investment, BASF-YPC has once again set an excellent example of Sinopec’s international partnerships and paved ways for further prosperous developments between BASF and Sinopec.…
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