BASF will invest up to EUR 10 billion by 2030 to build the new Verbund site.
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18. Aug 2022 | Markets & Companies
BASF gives final approval for the construction of the Zhanjiang Verbund site
BASF has given final approval for the construction of the planned Verbund site in Zhanjiang in the southern Chinese province of Guangdong. According to the company, the project is on schedule.
As BASF has announced, the focus is now on building the core of the Verbund, which includes a steam cracker and several downstream plants for the production of petrochemicals and intermediates, among others. The company will invest up to EUR 10 billion by 2030 to build the new Verbund site.
Third-largest Verbund site
In 2020, BASF started construction of the first plants at the planned integrated Verbund site in Zhanjiang, China, which will be BASF's third-largest Verbund site worldwide after Ludwigshafen, Germany, and Antwerp, Belgium. The site will be built in several phases and is expected to be fully operational by 2030.
The first plant for the production of engineering plastics is currently starting up and a plant for the production of thermoplastic polyurethanes (TPU) is intended to come on stream in 2023.
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