Business & Economics :: Latest News
March 19, 2008
BASF/Sinopec ponder expansion of Nanjing site
BASF AG (Ludwigshafen, Germany; www.basf.com) and China Petroleum & Chemical Corp. (Sinopec; Beijing, China; www.sinopec.com.cn) have submitted the technical and commercial feasibility study for the approval of the planned $900-million expansion of their joint chemical Verbund site in Nanjing to the Chinese government. The site is operated by the joint venture BASF-YPC Co. Ltd. (BYC).
The main pillars of the expansion are:
• Expansion of the steam cracker from 600,000 to around 750,000 m.t./yr of ethylene
• Expansion of the ethylene oxide (EO) plant and development of EO derivatives to strengthen the ethylene value chain by producing non-ionic surfactants for detergents and the solvent butylglycol ether. New projects regarding production of amines for surfactants and dimethylamine (DMA-3) for flocculants
• Development of the C4 value chain including C4 specialties: Butadiene and isobutene as chemical raw materials, 2-propylheptanol for a new-generation plasticizer and polyisobutene derivatives as fuel and lubricant additives
• Extension of the acrylics value chain to produce superabsorbent polymers (SAP) for hygiene and industrial applications
• Expansion of the existing oxo-alcohol and propionic acid plants
The new activities are expected to come on stream stepwise starting already this year; the cracker expansion is scheduled for 2009–2010.