BASF and Sinopec: Exploration of Wold-Scale plant
BASF, Ludwigshafen, Germany, and China Petroleum & Chemical Corporation (SINOPEC), Shenzhen, China, have signed a Memorandum of Understanding (MoU) to jointly exploring the possibility of building a world-scale isononanol plant in Maoming, China. The final scope of the investment will be determined following the outcome of the joint feasibility study, which is expected by the end of 2012. Under the terms of the MoU, the two parties will evaluate the technical, commercial and economic viability of the plant under a 50-50 joint venture agreement.
Would you like to subscribe to our Newsletters on plastics technology and profit from the latest information?
Looking for a new challenge? Check out our jobs market!
Patents encourage innovation: Stay on the ball with the latest innovations in the plastics industry in our patents section.