BASF, Sinopec to run new plastics plant in mainland
(01-22 18:16)
BASF, the world's biggest chemicals maker, said on Tuesday it is planning to build a new plastics plant with China Petroleum & Chemical Corporation -- or 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, AFP reports.
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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