BASF, China Petroleum & Chemical Corporation together constructing isononanol plant 1n 50-50 joint venture

BASF, Sinopec JV for isononanol plant in China

8:02 AM, 27th January 2014
BASF, China Petroleum & Chemical Corporation joint venture business
BASF headquarters in Germany.

SHANGHAI, CHINA/LUDWIGSHAFEN, GERMANY: BASF and China Petroleum & Chemical Corporation (Sinopec) broke ground for the construction of its world-scale isononanol plant in Maoming Hi-tech Industrial Development Zone, Maoming, China. The plant is expected to start operations in 2015. This is the first of its plant in China and will serve the increasing market demand for next-generation plasticizers. A newly-formed 50-50 joint venture company has been created, BASF MPCC Company Limited.

“This project is the first of its kind to bring BASF’s advanced isononanol technology into China, and to build a world-scale isononanol plant at Maoming Hi-tech Industrial Development Zone. It not only fills the country’s isononanol production gap, but also opens a new chapter for the strategic alliance between Sinopec and BASF. It closely unites two strong parties in order to enjoy mutual benefits and develop business together, taking our relationship to a new level. I hope both shareholders continue to broaden our co-operation, and to explore how to further utilize Sinopec Maoming, this area’s refinery products, and the public infrastructure, so as to maximize the production of BASF MPCC Company Limited and both shareholders’ business interests,” said Dr Yu Xizhi, President, Sinopec Corp Maoming Company.

© Worldofchemicals News



Your Comments (Up to 2000 characters)
Please respect our community and the integrity of its participants. WOC reserves the right to moderate and approve your comment.

Related News

New promising enzyme for generating hydrogen gas

DAVIS, US: A new work from researchers at UC Davis and Stanford University shows how cyanide and carbon monoxide are safely bound to an iron atom to c ...

Read more
China imposes anti-dumping duties on solar polysilicon imports from US

BEIJING, CHINA: China has imposed its final anti-dumping and anti-subsidy duties on imports of solar-grade polysilicon from United States, the latest ...

Read more
Asahi Glass to supply eco friendly automobile refrigerant to Honeywell

TOKYO, JAPAN: Asahi Glass Co Ltd (AGC) will supply a new environmentally friendly refrigerant (HFO-1234yf) for automobiles to Honeywell. The Company p ...

Read more
Towards implanting damaged heart tissues

WASHINGTON DC, US: Heart attack causes a shortage of oxygen and leaves an irreparable damage. Engineering new heart tissue in the laboratory that coul ...

Read more
Mitsubishi develops bio-based engineering plastic

TOKYO, JAPAN: Mitsubishi Chemical Corporation has announced the development of a new grade of high-performance, high-transparency bio-based engineerin ...

Read more
Huntsman expands global polyetheramines capacity

THE WOODLANDS, US: Huntsman Corporation will expand its global polyetheramines (PEA) capacity by a minimum of 15 per cent as a result of debottlenecki ...

Read more