Further details on the timing of the expansion and on the capacities of the additional plants will be disclosed soon.
Both partners expressed their satisfaction with the development of BASF-YPC Co. Ltd. The joint venture has been operating commercially since June 2005. The expansion plans highlight the success of the joint venture and the good partnership.
BASF-YPC Co. Ltd. is a 50-50 joint venture between BASF and SINOPEC, founded in 2000. The ground breaking for the site, located in Nanjing, Jiangsu Province, took place on September 28, 2001. BASF-YPC Co. Ltd. successfully started commercial production at a steam cracker as well as nine downstream plants in China in June 2005.
These plants are interconnected in order to use products, by-products and energy in the most efficient way, thus realizing cost efficiency and minimizing environmental impact.
The 220-hectare site produces 1.7 million metric tons of high-quality chemicals and polymers per year for the rapidly growing Chinese market. It also has a gas-fired power plant and an international port on a tributary of the Yangtze River to ensure optimum energy supply and logistics.
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