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The Chinese main government has actually authorized the Joint Expediency Study Report sent by BASF as well as Sinopec for the growth of their joint venture, BASF-YPC Co., Ltd. (BYC), in Nanjing, China, as of July 1, 2009.
BASF and also Sinopec will collectively invest about $1.4 billion in advanced technologies to produce downstream specialty chemicals for the Chinese market, serving multiple markets such as building, electronic devices, pharmaceutical, automotive and also chemical manufacturing.
The investment, that includes the development of the existing heavy steam biscuit, the
building and construction of 10 brand-new chemical plants, and the development of three existing plants, will enhance the market competition of the joint endeavor by broadening the item range as well as more leveraging the benefits of the assimilation.
Dr. Martin Bruderm¨¹ller, member of the Board of Executive Supervisors of BASF SE responsible for Asia Pacific, claimed, "The growth of BYC underscores our strong belief in the growth possibilities of the Chinese market and also is another milestone in participating growth."
The last approved task scope consists of the following:
- The growth of the existing heavy steam cracker to a total of 740,000 statistics lots each year of ethylene
- The development of an incorporated ethylene oxide (EO) derivatives value chain, consisting of: The growth of the existing EO plant and the construction of a brand-new EO purification device; The building and construction of EO derivatives plants, consisting of a new butyl glycol ether plant, a brand-new non-ionic surfactants plant, and also a brand-new amines complex for the production of ethanolamines, ethyleneamines as well as dimethylethanolamine, and the building of a new DMA3 plant
- The extension of the polymers worth chain with the building of a brand-new super-absorbent polymer (SAP) plant
- The expansion of the existing propionic acid and aldehyde plants
- The growth of the existing oxo-C4 plant
- The growth of an incorporated C4 complex, including a butadiene extraction plant, a 2-propylheptanol plant, an isobutene removal plant, and also a plant for very reactive polyisobutene.
The regular biscuit turn-around scheduled for 2010 will certainly be utilized to tie in the development modules and incorporate the production procedures. The startup will certainly take place in a staggered approach and
Anionic Surfactant the expansion will certainly be operational from 2011 onwards.
At The Same Time, Yangzi-BASF Styrenics Co., Ltd. (YBS), one more joint venture in Nanjing between the two companions, is being combined into BYC to more boost synergies in Nanjing operations. YBS produces styrene monomer, polystyrene and also expandable polystyrene.
