back to top
My wish lists
Save your wish list
If you want to add more content to your wish list, simply log in. If you do not have a user account, please register for the Hanser Customer Center.

» Do you already have a user account? Please log in here.
» Don't have a user account yet? Please register here.
Your wish lists
If you want to use your wish list during your next visit, simply log in. If you do not have a user account, please register for the Hanser Customer Center.
» Do you already have a user account? Please log in here.
» Don't have a user account yet? Please register here.

« Back

Your advantages at a glance

  • One login for all Hanser portals
  • Individual home page for faster access to preferred content
  • Exclusive access to selected content
  • Personal wish lists on all portals
  • Central management of your personal information and newsletter subscriptions

Register now
Deutsch
Bookmark Bookmarked
07-10-2018

BASF Investigates Establishment of Second Verbund Site in China

Memorandum of Understanding Signed

Signing of the 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 (© Bundesregierung)

BASF SE, Ludwigshafen, Germany, 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 around 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 USD 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 – the heart of the Verbund system. 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.

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.

Additional information
  • 07-05-2018

    Future-Oriented Additive Manufacturing

    BASF Expands through Acquisitions

    BASF New Business GmbH has acquired all the shares of Advanc3D Materials GmbH in Hamburg, Germany, and Setup Performance SAS in Lyon, France.   more

  • Published in Kunststoffe international 2018/05

    Styropor P 24 Speed

    Packaging with High-Speed

    BASF introduces the new packaging product Styropor P 24 Speed with reduced molding cycle and conditioning times.   more

    BASF SE

Company profile

BASF SE

DE 67056 Ludwigshafen
Tel.: 0621 60-0
Fax: 0621 60-42525

Newsletter

Would you like to subscribe to our Newsletters on plastics technology and profit from the latest information?

Subscribe here

Subscribe here

Job Advertisements

Looking for a new challenge? Check out our jobs market!

Job Advertisements

Patents Stimulate Innovation

Patents encourage innovation: Stay on the ball with the latest innovations in the plastics industry in our patents section.

Patents