BASF, Sinopec to build isononanol plant in China
BASF and China Petroleum and Chemical Corporation (SINOPEC) have signed a Memorandum of Understanding (MoU) to build an isononanol (INA) plant in Maoming, China.
As part of the MoU, the two companies will evaluate the technical, commercial and economic posibilities to jointly own and operate a facility to produce INA under a 50-50 joint venture agreement.
Dr. Albert Heuser, BASF Asia Pacific president, said as the Chinese market continues growth with demand for plasticisers, the INA investment in Maoming will serve the demand for next generation plasticisers.
''After many years of successful cooperation with SINOPEC, this project builds on our strong partnership and offers an exciting opportunity for BASF in China,'' Heuser added.
''Maoming provides excellent integration possibilities into the refinery structure, which will contribute further to the overall environmental and economic efficiency of the project."
Dr. Yu Xizhi, Sinopec president, said the cooperation not only builds on the valued relationship Sinopec already holds with BASF, but also goes to highlight the success of Sinopec's international partnerships.
''We are confident that this development will provide an even broader range of chemical products to the South China region, as well as across the country, contributing to a sustainable future," Xizhi added.
The final investment will be based on the joint feasibility study results, which are expected by the end of 2012.
INA is used as the feedstock to produce plasticisers, such as diisononyl phthalate (DINP) and non-phthalate plasticiser Hexamoll DINCH.