Business | Oil & Gas

BASF, Sinopec plan new plastics plant in China

Production is scheduled to begin at the site in mid-2015.

  • AFP
  • Published: 16:56 January 22, 2013
  • Gulf News

Frankfurt

BASF, the world’s biggest chemicals maker, said on Tuesday it is planning to build a new plastics plant with China Petroleum & Chemical Corporation (Sinopec) in Maoming, south China.

The two partners have completed a joint feasibility study for a giant isononanol plant and will now form a 50-50 joint venture, called BASF IMPCC, to operate it, the German group said in a statement.

Production is scheduled to begin at the site in mid-2015.

Isononanol is used to make plasticizers.

BASF and Sinopec already jointly operate BASF-YPC, a petrochemicals joint venture, in Nanjing, China, which produces a wide range of chemicals for the rapidly growing Chinese market, the statement added.

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