BASF, Sinopec build isononanol plant in Maoming, China

BASF, Sinopec to build isononanol plant in Maoming, China

10:03 AM, 31st July 2012
BASF, Sinopec to build isononanol plant in Maoming, China
Dr Albert Heuser, President, BASF Asia Pacific.

SHENZHEN, CHINA/LUDWIGSHAFEN, GERMANY: BASF and China Petroleum & Chemical Corporation (Sinopec) have signed a Memorandum of Understanding (MoU) to further strengthen their cooperation by jointly exploring the possibility of building a world-scale isononanol (INA) plant in Maoming Hi-tech Industrial Development Zone, Maoming, China. The final scope of the investment will be determined following the outcome of the joint feasibility study, which is expected by the end of 2012.

The two parties will evaluate the technical, commercial and economic viability of jointly owning and operating a world-scale facility for the production of INA under a 50-50 joint venture agreement. “As the Chinese market continues its rapid growth with booming demand for plasticizers, the INA investment in Maoming serves the increasing demand for next generation plasticizers,” said Dr Albert Heuser, President, BASF Asia Pacific.

“After many years of successful cooperation with SINOPEC, this project builds on our strong partnership and offers an exciting opportunity for BASF in China. Maoming provides excellent integration possibilities into the refinery structure, which will contribute further to the overall environmental and economic efficiency of the project,” added Heuser.

© WOC News

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