• Login
    • Join
  • FOLLOW:
  • Subscribe Free
    • Magazine
    • eNewsletter
    Checkout
    • Magazine
    • News
    • Research
    • Markets & Technologies
    • Raw Materials
    • Top Companies
    • Directories
    • Jobs
    • Events
    • Microsites
    • More
  • Magazine
  • News
  • Research
  • Markets & Technologies
  • Raw Materials
  • Top Companies
  • Directories
  • Jobs
  • Events
  • Microsites
  • Current / Back Issues
    Features
    Business Corner
    Editorial
    Digital Edition
    eNewsletter Archive
    Our Team
    Editorial Guidelines
    Subscribe Now
    Advertise Now
    World Reports
    eBook
    Top Features
    Pigments Market

    The Architectural Paint Market Enjoys a Strong 2022

    The Buyers’ Guide

    Auto Refinish Market

    The 2022 Protective Additives Directory
    Breaking News
    Online Exclusives
    Distributor News
    Financial News
    Paint & Coatings Manufacturer News
    People In the News
    Price Increases
    Product News
    Raw Materials & Equipment
    Video Bites
    Suppliers News
    Live From Shows
    Top News
    PPG Completes COLORFUL COMMUNITIES Project in Denmark

    10 Partners of the Automotive Industry Form JV, Cofinity-X

    BASF Recognized as Top Company for Supplier Diversity

    Eastman Acquires Dalian Ai-Red Technology

    SAFIC-ALCAN to Distribute Scott Bader Acrylics & Rheology Modifiers in France
    Top Companies report
    Market Research
    White Papers / Tech Papers
    Technical Papers
    Product Spec Sheets
    World Reports
    Adhesives and Sealants
    Aerospace Coatings
    Architectural Coatings
    Automotive Coatings
    Automotive Refinish
    Business Operation
    Color Trends & Forecast
    Construction Chemicals
    Corrosion Control
    Industrial Coatings
    Laboratory Equipment
    Marine Coatings
    Market Trends & Forecast
    Powder Coatings
    Production Equipment
    Radcure Coatings
    Special Purpose Coatings
    Wood Coatings
    "Green" Coatings

    PPG Completes COLORFUL COMMUNITIES Project in Denmark

    PPG’s SEM Products Business Launches VCS Hybrid Cup System for the Refinish Market

    Mankiewicz Selects ‘Feel Good’ Hues for 2023 Colors of the Year

    ROSS Offers Heavy-Duty Three Roll Mills for High Viscosity Dispersions

    PPG Achieves ISO 14001 Certification of Environmental Management System
    Additives
    Binders
    Pigments
    Solvents

    SAFIC-ALCAN to Distribute Scott Bader Acrylics & Rheology Modifiers in France

    EPS Launches New Acrylic DIrect-to-Metal Polymer

    Evonik, Partners Launch PlasCO₂ Project for C4 Chemicals Production

    Dr. Ranjini Murthy to Join Azelis Americas as SVP of Commercial and Digital Excellence

    Univar Solutions Announces New Distribution Relationship
    Company Capabilities
    Buyers Guide
    Distributor Guide
    Add New Company
    International Buyers Guide Companies
    Shepherd Color Company, The

    Siltech Corporation

    Active Minerals

    Pilot Chemical Company

    W. R. Grace & Co.
    Industry Events
    Webinars
    Live From Show Event
    Top Events
    Saudi Arabia Coatings Show

    Southern Society for Coatings Technology Annual Meeting and Technology Conference

    Eastern Coatings Show

    CPCA Annual Conference

    66th Annual Sink or Swim
    Companies
    White Papers/Tech Papers
    Product Spec Sheets
    Equipment
    Literature/Brochures
    Videos
    International Buyers Guide Companies
    Shepherd Color Company, The

    Siltech Corporation

    Active Minerals

    Pilot Chemical Company

    W. R. Grace & Co.
    • Magazine
      • Current / Back Issues
      • Features
      • Editorial
      • Business Corner
      • Digital Edition
      • eNewsletter Archive
      • Editorial Guidelines
      • Subscribe Now
      • Advertise Now
    • Breaking News
    • Directories
      • Buyers Guide
      • Distributor Guide
      • Corporate Capabilities
      • Trade Associations
      • Add Your Company
    • Markets & Technologies
      • Adhesives and Sealants
      • Aerospace Coatings
      • Architectural Coatings
      • Automotive Coatings
      • Automotive Refinish
      • Business Operation
      • Color Trends & Forecast
      • Construction Chemicals
      • Corrosion Control
      • Industrial Coatings
      • Laboratory Equipment
      • Marine Coatings
      • Market Trends & Forecast
      • Powder Coatings
      • Production Equipment
      • Radcure Coatings
      • Special Purpose Coatings
      • Wood Coatings
      • "Green" Coatings
    • Raw Materials
      • Additives
      • Binders
      • Pigments
      • Solvents
    • World Reports
      • Africa Report
      • China Report
      • India/Asia Pacific Report
      • Europe Report
      • Latin America Report
      • Market Research
      • Russian Report
    • Top Companies
    • Online Exclusives
    • Glossary
    • Slideshows
    • Experts Opinions
    • Blog
    • eBook
    • Infographics
    • Videos
    • Podcasts
    • Whitepapers
    • Jobs
    • Microsites
      • Companies
      • White Papers/Tech Papers
      • Product Spec Sheets
      • Equipment
      • Literature/Brochures
      • Videos
    • Events
      • Industry Events
      • Live From Show Event
      • Webinars
    • About Us
      • About Us
      • Contact Us
      • Advertise With Us
      • Privacy Policy
      • Terms of Use
    Breaking News

    BASF Investigates Establishment of Second Verbund Site in China

    Third-largest BASF site globally would be built in South Chinese province of Guangdong.

    BASF Investigates Establishment of Second Verbund Site in China
    Signing of MoU in Berlin in the presence of Germany’s Chancellor Angela Merkel and the Chinese Premier Li Keqiang: Martin Brudermüller, BASF’s chairman of the board of Executive Directors, and Lin Shaochun, executive vice governor of Guangdong Province
    Related Content
    • BASF Selects Science Competition Winner
    • BASF Group Records Slight Sales, Earnings Growth in 2Q 2018
    • BASF Brands Get Update
    • BASF Donates $7 Million Toward New UC Berkeley Research Chemistry Facility Construction
    • 06. BASF Coatings
    07.10.18
    BASF is investigating the possibility of building a highly-integrated “Verbund” chemical production site in the South Chinese province of Guangdong. Martin Brudermüller, BASF’s chairman of the Board of Executive Directors, and Lin Shaochun, executive vice governor of Guangdong Province, signed a non-binding Memorandum of Understanding in Berlin, in the presence of Germany’s Chancellor Angela Merkel and the Chinese Premier Li Keqiang.
     
    The Verbund site in Guangdong would be BASF’s largest investment and would be operated under the sole responsibility of BASF. China – with a world market share of approximately 40% – is the largest chemical market, and dominates the growth of the global chemical production. The investment is estimated to reach up to $10 billion by completion of the project around 2030. The first plants could be completed by 2026 at the latest.
     
    In the initial phase, the BASF project would include petrochemical plants. A steam cracker with a planned capacity of 1 million metric tons of ethylene per year would be the starting point of the value chains at the new integrated site. In the next phases, plants for more consumer-oriented products and solutions would be built, to serve sectors like transportation or consumer goods. The site would ultimately be the third-largest BASF site worldwide, following Ludwigshafen, Germany, and Antwerp, Belgium.
     
    Guangdong province is home to customers from these key industries, as well as other fast-growing industries. With more than 110 million residents, Guangdong is the most populous province in China. Its gross domestic product, currently growing at 7% annually, already exceeds that of Spain and will soon have reached that of South Korea. 
     
    At the new site, BASF intends to implement a comprehensive smart manufacturing concept based on cutting-edge technologies. In the future, customers based in South China would be supplied from this high-tech Verbund site.
     
    Globally, BASF currently operates six Verbund sites: two in Europe (Ludwigshafen, Germany; Antwerp, Belgium), two in North America (Freeport, TX, USA; Geismar, LA, USA) and two in Asia. The Verbund site in Nanjing, China, established in 2000, is a 50:50 joint venture with Sinopec, while the Verbund site in Kuantan, Malaysia, established in 1997, is a 60:40 joint venture with Petronas.
    Related Searches
    • chemical
    • basf
    • china
    • sinopec
    Related Knowledge Center
    • Automotive Coatings
    • Business Operation
    Suggested For You
    BASF Selects Science Competition Winner BASF Selects Science Competition Winner
    BASF Group Records Slight Sales, Earnings Growth in 2Q 2018 BASF Group Records Slight Sales, Earnings Growth in 2Q 2018
    BASF Brands Get Update BASF Brands Get Update
    BASF Donates $7 Million Toward New UC Berkeley Research Chemistry Facility Construction BASF Donates $7 Million Toward New UC Berkeley Research Chemistry Facility Construction
    06. BASF Coatings 06. BASF Coatings
    Performance Enhancing Additives, Part 2: Trends in the Market Performance Enhancing Additives, Part 2: Trends in the Market
    BASF Names Micro Auto Paint & Supplies Distributor of the Year BASF Names Micro Auto Paint & Supplies Distributor of the Year
    BASF Awards $30,000 in Scholarships & Internships to Students Majoring in Chemical Process Tech. BASF Awards $30,000 in Scholarships & Internships to Students Majoring in Chemical Process Tech.
    BASF Increases Price for Diols, Derivatives, Certain Polyalcohols in North America BASF Increases Price for Diols, Derivatives, Certain Polyalcohols in North America
    BASF Presents Polyurethane Systems, Basic Products, Intermediates at UTECH 2018 in Maastricht BASF Presents Polyurethane Systems, Basic Products, Intermediates at UTECH 2018 in Maastricht
    BASF Brings Nat BASF Brings Nat'l Troubleshooting Skills Competition to River Parishes Community College
    BASF: Customer Innovation a Focus at New Lab Facilities BASF: Customer Innovation a Focus at New Lab Facilities
    BASF Lifts Force Majeure on 1,4-Butanediol, Derivatives in North America BASF Lifts Force Majeure on 1,4-Butanediol, Derivatives in North America
     BASF, Solenis Combine Paper, Water Chemicals Businesses BASF, Solenis Combine Paper, Water Chemicals Businesses
    Personnel Changes at BASF Personnel Changes at BASF

    Related Breaking News

    • Breaking News
      BASF Selects Science Competition Winner

      BASF Selects Science Competition Winner

      ...
      07.31.18

    • Breaking News | Financial News
      BASF Group Records Slight Sales, Earnings Growth in 2Q 2018

      BASF Group Records Slight Sales, Earnings Growth in 2Q 2018

      ...
      07.30.18

    • Automotive Refinish | Breaking News | Paint & Coatings Manufacturer News
      BASF Brands Get Update

      BASF Brands Get Update

      ...
      07.25.18


    • Breaking News
      BASF Donates $7 Million Toward New UC Berkeley Research Chemistry Facility Construction

      BASF Donates $7 Million Toward New UC Berkeley Research Chemistry Facility Construction

      ...
      07.16.18

    • 06. BASF Coatings

      06. BASF Coatings

      ...
      07.03.18

    Loading, Please Wait..
    Trending
    • AkzoNobel Using 100% Renewable Electricity In North America
    • Dr. Ranjini Murthy To Join Azelis Americas As SVP Of Commercial And Digital Excellence
    • Arkema Partners With Research Institute To Open New Lab In France
    • Axalta Releases Fourth Quarter And Full Year 2022 Results
    • Perstorp To Save More Than One Billion Liters Of Fresh Water
    Breaking News
    • PPG Completes COLORFUL COMMUNITIES Project in Denmark
    • 10 Partners of the Automotive Industry Form JV, Cofinity-X
    • BASF Recognized as Top Company for Supplier Diversity
    • Eastman Acquires Dalian Ai-Red Technology
    • SAFIC-ALCAN to Distribute Scott Bader Acrylics & Rheology Modifiers in France
    View Breaking News >
    CURRENT ISSUE

    January 2023

    • Pigments Market
    • The Architectural Paint Market Enjoys a Strong 2022
    • View More >

    Cookies help us to provide you with an excellent service. By using our website, you declare yourself in agreement with our use of cookies.
    You can obtain detailed information about the use of cookies on our website by clicking on "More information”.

    • About Us
    • Privacy Policy
    • Terms And Conditions
    • Contact Us

    follow us

    Subscribe
    Nutraceuticals World

    Latest Breaking News From Nutraceuticals World

    GOED Elects New Board Officers for 2023
    Aspire Hires Darrec Jones as VP of Business Development
    Pycnogenol Supplementation Linked to Better Hair Density in Menopausal Women
    Coatings World

    Latest Breaking News From Coatings World

    PPG Completes COLORFUL COMMUNITIES Project in Denmark
    10 Partners of the Automotive Industry Form JV, Cofinity-X
    BASF Recognized as Top Company for Supplier Diversity
    Medical Product Outsourcing

    Latest Breaking News From Medical Product Outsourcing

    MO SCI Acquires Assets of 3M’s Advanced Materials Business
    Neurent Medical’s NEUROMARK System Becomes Commercially Available in U.S. Markets
    Aspivix's Carevix Cervical Stabilizer Gains FDA OK
    Contract Pharma

    Latest Breaking News From Contract Pharma

    Lilly 4Q Revenues Down 9% to $7.3B
    Bionova Expansion Project to Quadruple GMP Biologics Manufacturing Capacity
    Steriline Provides Fill-Finish Solution for Berkshire Sterile Manufacturing
    Beauty Packaging

    Latest Breaking News From Beauty Packaging

    Pacifica Introduces Glow Baby Skincare Line
    Kohl’s Names Tom Kingsbury as Chief Executive Officer
    Mielle Unveils Haircare Bundles Inspired by Amazon Original Series Harlem
    Happi

    Latest Breaking News From Happi

    Grant Industries Names Mehran Ghadim Sales Manager, Canada
    Bio-Oil Celebrates Body Confidence Through Body Positivity Month Campaign
    Net Sales for Clorox Increase 1% for Q2 2023
    Ink World

    Latest Breaking News From Ink World

    Roland DGA Announces Key Changes to Leadership Team
    Ball Reports 2022 Results
    3D Printing Materials Market Worth $7.9 Billion by 2027: MarketsandMarkets
    Label & Narrow Web

    Latest Breaking News From Label & Narrow Web

    MM Packaging adds first Nilpeter press for Dublin site
    Polytag develops new UV tag reading technology
    Enterprise Print Group adds Screen Truepress Jet L350UV SAI E
    Nonwovens Industry

    Latest Breaking News From Nonwovens Industry

    What You’re Reading on Nonwovens-Industry.com
    Kimberly-Clark Supports Period Poverty Initiative in Australia
    Suominen Reports Q4, Full Year Results
    Orthopedic Design & Technology

    Latest Breaking News From Orthopedic Design & Technology

    Toetal Solutions Secures $1.8 Million in New Financing
    Adrian Tyndall Joins Axogen's Board of Directors
    ADSM-Synchro Medical Acquired by Tyber Medical
    Printed Electronics Now

    Latest Breaking News From Printed Electronics Now

    Zebra Provides East West Shrine Bowl with RFID Tracking Technology
    AAAS Elects Three ORNL Scientists as Fellows
    Flex Recognized as One of Fortune World’s Most Admired Companies 2023

    Copyright © 2023 Rodman Media. All rights reserved. Use of this constitutes acceptance of our privacy policy The material on this site may not be reproduced, distributed, transmitted, or otherwise used, except with the prior written permission of Rodman Media.

    AD BLOCKER DETECTED

    Our website is made possible by displaying online advertisements to our visitors.
    Please consider supporting us by disabling your ad blocker.


    FREE SUBSCRIPTION Already a subscriber? Login