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.

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