Article requires registration
China Market Insider BASF is Working on the ‘Green’ Verbund Site in China
BASF is working with authorities in China to use more electricity from renewable sources at its chemical plants. The company has just announced a particularly ambitious goal for the new Verbund site in Zhanjiang, in the southern province of Guangdong: The first plants at the Verbund site, which is currently under construction, are to be operated entirely with renewable energies.
Beijing/China – According to BASF, the company plans to invest around ten billion dollars (around 8.4 billion euros) at the giant Verbund site in southern China by 2030. There, at the southern tip of mainland China, the company's third-largest site is currently being built, after Ludwigshafen and Antwerp. Construction started in 2019. The first plants are scheduled for completion by 2022 and will produce engineering plastics and thermoplastic polyurethane (TPU).
Even before anything has been built there, BASF is already presenting the site as a ‘role model for sustainable production’. In its own words: "BASF will operate the first factories at the Verbund site in Zhanjiang, Guangdong Province, 100 per cent with renewable electricity.”