Commercial production at the steam cracker as well as nine downstream plants at its Nanjing site in China are considered to have been successfully started by BASF-YPC Co. Ltd., a 50-50 joint venture between BASF and SINOPEC. Per year, about 1.7 million metric tons of high-quality chemicals and polymers to be produced on this site, are foreseen to cater to the growing Chinese market.
BASF-YPC Co. Ltd, regarded as an integral part of BASF's strategy in the Asia Pacific region, is considered to have had a total investment outlay of about US$2.9 billion. Modelled on the Verbund concept originating from BASF's headquarters in Ludwigshafen, Germany, BASF-YPC Co. Ltd. is the largest single investment in BASF's 140-year history. In this model, by linking manufacturing plants, the company can use products, by-products and energy in the most efficient way, so as to realize cost efficiency and minimize environmental impact
By 2010, BASF aims to generate 20% of its total sales and earnings in its chemical activities in Asia Pacific, with 70% coming from local production.
02-Jul-05 
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