Sinopec and BASF sign MOU to expand Nanjing Petrochemical JV BASF-YPC

BASF and Sinopec have signed a memorandum of understanding to explore expansion of their integrated petrochemical joint venture, BASF-YPC Co. Ltd., at an investment outlay of US$1 billion. The main projects include extension of the C3 and C4 value chains with construction of a 160,000 tpa crylic acid facility, a new butyl acrylate plant, capacity increases at the 2-propyl-heptanol, styrene monomer, and non-ionic surfactants plants as well as a world-scale hydrogen peroxide-propylene oxide (HPPO) facility. Feedstock for a superabsorbent polymers (SAP) plant, to be built as the final part of the ongoing expansion project, will be supplied from an acrylic acid facility. The final scope of investments will depend on the conclusion of joint feasibility studies for each project.
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