BASF-YPC breaks ground on acrylics project in Nanjing

May 24, 2012

Press Release

BASF-YPC Company Limited, a 50-50 joint venture between BASF and Sinopec, broke ground today on a new superabsorbent polymers (SAP) plant in Nanjing. This milestone signifies BASF’s commitments in bringing important chemicals to the China market that will support the development of more sustainable local industries. The 60,000-metric-ton SAP plant in Nanjing is planned to begin commercial operation in early 2014.

“With the expansion phase of BASF-YPC completed earlier this year, the site has started to unfold its true potential. With the groundbreaking for our new SAP plant, we are reaching yet another milestone and our celebration today demonstrates the value of the long-standing, strong and unique partnership between BASF and SINOPEC,” said Dr. Albert Heuser, President Asia Pacific of BASF, and Dr. Ma Qiulin, Chairman of Yangzi Petrochemical Company Limited. “Meanwhile, we are also planning to build a new acrylic acid facility as well as a new world-scale butyl acrylate plant.”

“With the expansion phase of BASF-YPC completed earlier this year, the site has started to unfold its true potential. With the groundbreaking for our new SAP plant, we are reaching yet another milestone and our celebration today demonstrates the value of the long-standing, strong and unique partnership between BASF and SINOPEC,” said Dr. Albert Heuser, President Asia Pacific of BASF, and Dr. Ma Qiulin, Chairman of Yangzi Petrochemical Company Limited. “Meanwhile, we are also planning to build a new acrylic acid facility as well as a new world-scale butyl acrylate plant.”

“Market success is always built on the highest values, principles and standards in the areas of safety, environment performance, energy savings and talent development here at BASF-YPC Company Limited. We will continue to ensure these values and principles will continue to be at the core of everything that we do, including the SAP plant and other following investments. We trust our high-quality chemical products from these state-of-theart plants will be an asset to the China market and its sustainable growth,” Dr. Kothrade added.

On the occasion of the groundbreaking ceremony, the Company also indicates interests in further investments on an acrylic acid plant with a capacity of 160,000 tons per year and a butyl acrylate plant.

Wide range of applications for superabsorbent polymers
Superabsorbent polymers are plastics with the capability to absorb and hold up to 500 times their own weight in liquid – even under pressure. The absorption drops to a still impressive figure of 50 times their weight in salty body fluids such as urine. The product is used in form of a white grainy powder, mainly to make baby diapers.

About SINOPEC
Sinopec Corp. is a Chinese company listed in Hong Kong, New York, London and Shanghai. The Company is an integrated energy and chemical company with upstream, midstream and downstream operations. The principal operations of Sinopec Corp. and its subsidiaries include: exploring, developing, producing and trading crude oil and natural gas; processing crude oil into refined oil products; producing, trading, transporting, distributing and marketing refined oil products; and producing and distributing chemical products. Based on 2010 turnover, Sinopec Corp. is the largest listed company in China. The Company is one of the largest crude oil and petrochemical companies in China and Asia. It is also one of the largest gasoline, diesel and jet fuel and other major chemical products producers and distributors in China and Asia.

About BASF
BASF is the world’s leading chemical company: The Chemical Company. Its portfolio ranges from chemicals, plastics, performance products and crop protection products to oil and gas. We combine economic success, social responsibility and environmental protection. Through science and innovation we enable our customers in almost all industries to meet the current and future needs of society. Our products and system solutions contribute to conserving resources, ensuring healthy food and nutrition and helping to improve the quality of life. We have summed up this contribution in our corporate purpose: We create chemistry for a sustainable future. BASF posted sales of about €73.5 billion in 2011 and had more than 111,000 employees as of the end of the year. BASF shares are traded on the stock exchanges in Frankfurt (BAS), London (BFA) and Zurich (AN). Further information on BASF is available on the Internet at www.basf.com.

About BASF-YPC Company Limited
BASF-YPC Co., Ltd. is a 50-50 joint venture between BASF and Sinopec, founded in 2000, with a total investment of $4.5 billion. The integrated petrochemical site produces 3 million tons of high-quality chemicals and polymers for the Chinese market annually. The products serve the rapid-growing demand in multiple industries including agriculture, construction, electronics, pharmaceutical, automotive and chemical manufacturing. BASF-YPC Co., Ltd. successfully started commercial production at the first phase of the integrated petrochemical site in 2005 and inaugurated the second phase creating an extended value chain and increasing the production of fine chemicals in January 2012. These plants are interconnected in order to use products, by-products and energy in the most efficient way, to save cost and minimize environmental impact. The site also has a gas-fired power plant and an international port on a tributary of the Yangtze River to ensure optimum energy supply and logistics.

Media contact
BASF-YPC Co. Ltd
Shan Jianhua
Phone: +86 5856 9079
Mobile: +86 138 1408 5079
shanjh@basf-ypc.com.cn

 

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