On September 15, after more than four years of hard work, BASF Group and China Chemical Engineering Group signed a construction partnership framework agreement in Zhanjiang, Guangdong Province, to jointly promote the construction of BASF’s Zhanjiang integration base project.
The total investment amounts to 10 billion euros, which is equivalent to five Tesla super factories, and is the largest foreign investment ever made by BASF. It is expected to be fully completed in 2030, and after it is put into operation, Zhanjiang, Guangdong will become BASF’s third largest integrated production base in the world.
BASF’s headquarters in Ludwigshafen on the Rhine remains the world’s largest chemical products base by area, while BASF’s second largest plant is located in the Belgian port city of Antwerp.
As we can learn from public information, the Zhanjiang project will in the future produce not only conventional organic chemical feedstock products such as ethylene, but also several downstream production units for the consumer market.
Among them, production of 60,000 tons per year of newly added engineering plastics has already begun, and another set of thermoplastic polyurethane projects (TPU) will be operational in 2023 to meet the growing demand from industries such as automotive and electronics.
(According to Echemi.com: https://www.echemi.com/cms/1014416.html)