BASF, Sinopec inaugurate second phase of Nanjing project

BASF and SINOPEC inaugurated the second phase of their integrated petrochemical site in early January. The US$1.4 billion project in Nanjing will deliver crucial chemicals to China and will support the development of the country’s local industries. “Through this successful partnership, we are able to bring vital chemical products and solutions to China that will directly support local industries as they strive to meet the needs of a rapidly developing population,” said Martin Brudermüller, vice chairman of the Board of Executive Directors of BASF SE, responsible for Asia Pacific. He further explained, “At the same time we are also investing in advanced production technologies that themselves use less water, save energy and reduce emissions. The Nanjing site is a flagship example of our Verbund system, which achieves extremely efficient production and safety by clustering plants and re-using by-products.” The second phase of the project includes expansions made to existing plants as well as the construction of new facilities. (January 10, 2012)