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Sinochem News.
net News BASF announced on August 5 that BASF and Sinopec will continue to expand the Yangzi Petrochemical-BASF Co.
, Ltd.
(Yangzi Petrochemical-BASF) integrated base in Nanjing, which is jointly funded by the two parties at a 50:50 share ratio.
.
The two parties will expand the production capacity of propionic acid (PA), propionaldehyde (PALD), ethylene amine (EEA), ethanolamine (EOA) and refined ethylene oxide (PEO) at the base and build a new t-butyl acrylate (TBA) plant
.
The TBA plant will use acrylic acid and isobutylene from the integrated base as raw materials to extend downstream.
This is the first time that this advanced manufacturing process has been applied outside of Germany
It is reported that Yangzi Petrochemical-BASF Co.
, Ltd.
was established in 2000.
It is an integrated petrochemical production base constructed by Sinopec and BASF with a 50-50 share ratio jointly invested by approximately US$5.
5 billion
.
The base produces about 3 million tons of high-quality chemicals and polymers each year.
In 2020, it will achieve sales of about 15.