BASF and Guangdong provincial government sign framework agreement for Verbund site in China
In July 2018, both sides had already confirmed the project in a letter of intent; BASF subsequently selected the provincial city of Zhanjiang for its second Verbund site in China. The framework agreement stipulates that basic recycling concepts will be applied at the new Verbund site in Zhanjiang in order to supply customers in the region with sustainably manufactured products. A smart manufacturing concept will be developed for the new site on the basis of world-leading technologies that increase resource and energy efficiency and reduce the impact on the environment. Around nine square kilometers of space will be used for the project.
Planned ethylene production capacity of 1 million tonnes per year
The total investment up to the completion of the project, which will be implemented step by step, is estimated at up to 8.7 thousand million euros. The project includes a fully BASF-owned steam cracker with a planned ethylene production capacity of 1 million metric tons per year as well as various facilities for consumer products and solutions.
About BASF’s Verbund sites
BASF currently operates six Verbund sites worldwide: two in Europe (Ludwigshafen, Germany; Antwerp, Belgium), two in North America (Freeport, Texas; Geismar, Louisiana) and two in Asia. The Verbund site in Nanjing, China, founded in 2000, is a 50:50 joint venture with Sinopec. The Verbund site in Kuantan, Malaysia, founded in 1997, is a 60:40 joint venture with Petronas.