The first wholly foreign-owned project in heavy chemical industry

The first wholly foreign-owned project in China's heavy chemical industry, BASF Guangdong new integrated production base project with a total investment of US $10 billion, was officially launched in Zhanjiang, Guangdong Province on November 23 and started to build the first batch of devices. The first batch of units of the project will produce engineering plastics and thermoplastic polyurethane to meet the needs of customers in many industries in South China and the whole Asian market. "By adopting cutting-edge technology and following the highest safety standards, the new integrated base will become a model of sustainable production and help the development of China's circular economy," Bo mule, chairman of the Executive Board of BASF Europe, told the economic daily. At present, it is just the beginning. When the project is completed in 2030, we still intend to continue to increase investment. " Guangdong integrated base will become BASF's third largest integrated production base in the world. The first unit will be put into operation in 2022, and the whole integrated base is expected to be completed in 2030. By 2022, the new engineering plastic modification device will produce 60000 tons of modified engineering plastic products every year, raising the total output of BASF's modified engineering plastic products in the Asia Pacific region to 290000 tons. BASF will better meet customers' growing demand in the fields of automobile, electronic products and new energy vehicles.