BASF, Sinopec to Expand China Operation
BASF and Sinopec joint venture BASF-YPC is to further expand the capacity of chemical plants at Nanjing, China, with an additional investment of $1bn.
The joint venture will expand the capacity of a hydrogen peroxide-propylene oxide (HPPO) plant, C3 and C4 plants, as well as the construction of a second acrylic acid plant and a butyl acrylate plant.
It also plans to increase the capacity of propylheptanol, styrene and nonionic surfactant plants at site 2.
The joint venture will increase the capacity of the acrylic acid plant to 160,000t a year, doubling the Nanjing site's acrylic acid capacity.
BASF-YPC is to build a superabsorbent polymers plant, to be constructed as the final part of the ongoing expansion project.
The joint venture is carrying out a $1.4bn project at the site, which is 50% complete, to produce downstream speciality chemicals for the Chinese market.
The joint venture, which was formed in 2000, is expanding the capacity of its ethylene plant from 600,000t to 740,000t a year.