• 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
    Additives Update

    Pigment Supplier Directory

    Interior Architectural Coatings

    Biocides Update

    Powder Coatings Market
    Breaking News
    Online Exclusives
    Distributor News
    Financial News
    Paint & Coatings Manufacturer News
    People In the News
    Price Increases
    Product News
    Video Bites
    Raw Materials & Equipment
    Suppliers News
    Live From Shows
    Top News
    Huntsman Finalizes Acquisition of Gabriel Performance Products

    PPG Completes COLORFUL COMMUNITIES Project at School in A. Bangsaothong Samutprakarn, Thailand

    Axalta Schedules Q4, Full Year 2020 Earnings Conference Call

    Datacolor Introduces High-Efficiency Benchtop Spectrophotometer Series, Spectro 1000/700

    LANXESS Acquires Biocides Specialist INTACE
    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

    Datacolor Introduces High-Efficiency Benchtop Spectrophotometer Series, Spectro 1000/700

    Zeppelin Acquires MTI Mischtechnik

    IFS Coatings Announce Carbon Offset Program

    Axalta Powder Coatings Presents SuprAnodic Collection

    Deadline for RadLaunch UV+EB Technology Accelerator is Jan. 30
    Additives
    Binders
    Pigments
    Solvents

    Huntsman Finalizes Acquisition of Gabriel Performance Products

    LANXESS Acquires Biocides Specialist INTACE

    dar-tech, inc. Becomes U.S. Midwestern Distributor for ZS Interpolymer

    OQ Chemicals Announces Carboxylic Acids Price Increase

    AOC Announces Price Increase
    Buyers Guide
    Company Capabilities
    Distributor Guide
    Add New Company
    International Buyers Guide Companies
    ROSS Mixers

    Active Minerals

    Eagle Specialty Products

    Siltech Corporation

    Shepherd Color Company, The
    Industry Events
    Webinars
    Live From Show Event
    Top Events
    The Waterborne Symposium (2021)

    Surface Finishing Mexico 2021

    PCI Powder Coating Week

    Southern Society for Coatings Technology Annual Meeting and Technical Conference

    Coatings for Africa
    Companies
    White Papers/Tech Papers
    Product Spec Sheets
    Equipment
    Literature/Brochures
    Videos
    International Buyers Guide Companies
    Active Minerals

    ROSS Mixers

    Shepherd Color Company, The

    Eagle Specialty Products

    Pilot Chemical Company
    • 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
    • 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
    • china
    • chemical
    • basf
    • 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

    • Automotive Coatings | Breaking News | Color Trends & Forecast | Paint & Coatings Manufacturer News
      Axalta Announces 2021 Global Automotive Color of the Year: ElectroLight

      Axalta Announces 2021 Global Automotive Color of the Year: ElectroLight

      "Our 2021 color evokes sustainability, happiness and safety," said Nancy Lockhart, global product manager of color at Axalta.
      Coatings World staff 01.12.21

    • Automotive Coatings | Breaking News | Color Trends & Forecast | Paint & Coatings Manufacturer News
      BASF: Wider Range of Colors Rolled Off World’s Assembly Lines in 2020

      BASF: Wider Range of Colors Rolled Off World’s Assembly Lines in 2020

      Expanding color spaces make the overall spectrum broader than in 2019.
      Coatings World staff 01.07.21

    • Automotive Coatings | Breaking News | Color Trends & Forecast | Paint & Coatings Manufacturer News
      Axalta Releases 68th Annual Global Automotive Color Popularity Report

      Axalta Releases 68th Annual Global Automotive Color Popularity Report

      White is the most frequently purchased automotive color globally for 10 consecutive years.
      Coatings World staff 12.14.20


    • Automotive Coatings | Breaking News | Color Trends & Forecast | Pigments | Suppliers Corner
      Colors & Effects Presents Virtual Collection of Automotive Coatings Trend Stylings

      Colors & Effects Presents Virtual Collection of Automotive Coatings Trend Stylings

      The Global Color Presentation combines the benefits of new pigments in styling formulations with current trends in the automotive industry.
      Coatings World staff 12.09.20

    • Automotive Coatings | Breaking News | Paint & Coatings Manufacturer News
      IGL Coatings Announces Strategic Partnership In Finland

      IGL Coatings Announces Strategic Partnership In Finland

      ...
      Coatings World staff 11.13.20

    • Automotive Coatings | Breaking News | Paint & Coatings Manufacturer News
      PPG’s Liebert Recognized as Leading Woman in North American Automotive Industry

      PPG’s Liebert Recognized as Leading Woman in North American Automotive Industry

      Rebecca Liebert is PPG's executive vice president.
      Coatings World staff 11.09.20


    • Automotive Coatings | Breaking News | Paint & Coatings Manufacturer News
      Nippon Paint Merges U.S. Automotive Companies

      Nippon Paint Merges U.S. Automotive Companies

      ...
      Coatings World staff 10.13.20

    • Automotive Coatings | Breaking News | Color Trends & Forecast | Paint & Coatings Manufacturer News
      BASF Releases 2020-2021 Automotive Color Trends

      BASF Releases 2020-2021 Automotive Color Trends

      ...
      Coatings World staff 10.08.20

    • Aerospace Coatings | Automotive Coatings | Breaking News | Color Trends & Forecast | Paint & Coatings Manufacturer News | Special Purpose Coatings
      AkzoNobel Launches ColorSurfaces Edition 16

      AkzoNobel Launches ColorSurfaces Edition 16

      ...
      Coatings World staff 10.06.20


    • Automotive Coatings | Breaking News | Paint & Coatings Manufacturer News | People in the News
      PPG Researcher Receives Gordon E. Moore Medal

      PPG Researcher Receives Gordon E. Moore Medal

      For breakthroughs in automotive coating technologies.
      Coatings World staff 09.29.20

    • Automotive Coatings | Breaking News | Paint & Coatings Manufacturer News
      Axalta Launches Imron 2K High Durability Clearcoat in Europe

      Axalta Launches Imron 2K High Durability Clearcoat in Europe

      ...
      Coatings World staff 09.15.20

    • Aerospace Coatings | Architectural Coatings | Automotive Coatings | Breaking News | Industrial Coatings | Marine Coatings | Special Purpose Coatings
      PPG Showcases Eco-friendly Paints, Coatings at China Coatings Show 2020

      PPG Showcases Eco-friendly Paints, Coatings at China Coatings Show 2020

      ...
      Coatings World staff 09.14.20


    • Automotive Coatings | Breaking News | Pigments | Suppliers Corner
      ECKART Develops Novel Silver Metallics for Autonomous Driving

      ECKART Develops Novel Silver Metallics for Autonomous Driving

      ...
      Coatings World staff 08.25.20

    • Automotive Coatings | Breaking News | Paint & Coatings Manufacturer News
      PPG Receives DOE Funding for Energy-Saving Automotive Coatings

      PPG Receives DOE Funding for Energy-Saving Automotive Coatings

      Scientists to explore new algorithms and supercomputing resources to model paint flow, leveling for advanced multi-layer coatings systems.
      Coatings World staff 08.14.20

    • Automotive Coatings | Breaking News | People in the News | Special Purpose Coatings
      AkzoNobel Appoints John Griffin to Lead Automotive, Specialty Coatings Business

      AkzoNobel Appoints John Griffin to Lead Automotive, Specialty Coatings Business

      He joined AkzoNobel in 2000 and held roles across the company’s global and regional automotive, aerospace, packaging, yacht and film coatings segments.
      Coatings World staff 08.14.20

    Trending
    • AkzoNobel Proposes To Acquire Tikkurila For €31.25 Per Share
    • LANXESS Acquires Biocides Specialist INTACE
    • AkzoNobel Announces Share Buyback
    • Nouryon Renaming Industrial Chemicals Subsidiary Nobian
    • Raw Material Price Increases Pile Pressure On Paint Manufacturers
    Breaking News
    • Huntsman Finalizes Acquisition of Gabriel Performance Products
    • PPG Completes COLORFUL COMMUNITIES Project at School in A. Bangsaothong Samutprakarn, Thailand
    • Axalta Schedules Q4, Full Year 2020 Earnings Conference Call
    • Datacolor Introduces High-Efficiency Benchtop Spectrophotometer Series, Spectro 1000/700
    • LANXESS Acquires Biocides Specialist INTACE
    View Breaking News >
    CURRENT ISSUE

    January 2021

    • Additives Update
    • Pigment Supplier Directory
    • Interior Architectural Coatings
    • 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

    BGG Obtains U.S. Patent on AstaZine Natural Astaxanthin for Heart Function During Exercise
    Qualitas Health/iwi Raises $10 Million in Investment Round
    Aker BioMarine Expands Krill Portfolio with Novel Protein Hydrolysate
    Coatings World

    Latest Breaking News From Coatings World

    IGL Coatings Launches Graphene Reinforced Dual System Ceramic Coating
    Miller Paint Declares Simple Serenity its 2021 Color of the Year
    TAUBMANS Paint by PPG Releases ‘Chromatic Joy’ Palettes
    Medical Product Outsourcing

    Latest Breaking News From Medical Product Outsourcing

    CHF Solutions Appoints CEO
    Freehand Partners with Imperial Medial Solutions
    Intersect ENT Announces CMS Approval of Coding Application for Sinus Implant
    Contract Pharma

    Latest Breaking News From Contract Pharma

    Bone Therapeutics, Rigenerand Ink Cell Therapy Deal
    NovaQuest Private Equity Acquires CoreRx
    JS Bio and Etta Biotech Advancing Partnership
    Beauty Packaging

    Latest Breaking News From Beauty Packaging

    Marino Belotti Presents New Website
    Essence Cosmetics Expands in the U.S.
    Sigma Beauty Launches 'Brush Care' Sets at Sephora
    Happi

    Latest Breaking News From Happi

    Mix:Bar Launches at Target
    Crystal Deodorant Unveils Magnesium-Enriched Sticks
    Euromonitor Reveals Top 10 Global Consumer Trends for 2021
    Ink World

    Latest Breaking News From Ink World

    Cowan Graphics Adds Fujifilm Inca OnsetX3 HS
    Packaging Printing Market Worth $433.4 Billion by 2025: MarketsandMarkets
    O-I Foundation Gifts $50k to Facilitate COVID-19 Vaccine Access
    Label & Narrow Web

    Latest Breaking News From Label & Narrow Web

    Domino grows installation and service teams
    ABG keeps pace with demand with recruitment drive
    Acucote expands FSC-certified portfolio
    Nonwovens Industry

    Latest Breaking News From Nonwovens Industry

    Honeywell Delivered 225 Million Masks in December
    Techtextil, Texprocess Postponed to 2022
    Super Strong Inks Survive Tough Environments
    Orthopedic Design & Technology

    Latest Breaking News From Orthopedic Design & Technology

    Bioventus Appoints SVP of Operations
    DePuy Synthes Receives 510(k) FDA Clearance for VELYS Robotic-Assisted Solution
    OrthoPediatrics Expands Agent Network in Three European Countries
    Printed Electronics Now

    Latest Breaking News From Printed Electronics Now

    UDC Subsidiary Adesis' Website Wins 2020 MarCom Platinum Award
    Roadsimple Modernizes Warehouse Ops with Zebra Technologies
    Graphene Flagship Launches Redesigned Website

    Copyright © 2021 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