Ten-Billion-Dollar Investment BASF Gives Final Approval for Construction of Zhanjiang Verbund Site
Following the final approval for the construction of its Zhanjiang Verbund site, BASF will start the next phase — the construction of a steam cracker and several downstream plants.
Chemicals company BASF gave final approval for the construction of the planned Verbund site in Zhanjiang in the southern Chinese province of Guangdong. The project is on schedule, the group announced. The focus will now be on building the core of the Verbund, which includes a steam cracker and several downstream plants for the production of petrochemicals and intermediates, among others. The company will invest up to ten billion euros (approx. 10.1 million dollars) by 2030 to build the new Verbund site.
In 2020, BASF started construction of the first plants at the planned integrated Verbund site in Zhanjiang, China, which will be its third-largest Verbund site worldwide after Ludwigshafen, Germany, and Antwerp, Belgium. The site will be built in several phases and is expected to be fully operational by 2030.
The first plant for the production of engineering plastics is currently starting up and a plant for the production of thermoplastic polyurethanes (TPU) will come on stream in 2023.