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07-31-2012

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.

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