BASF to Build Plant in Zhanjiang
11.14.2022 By TankTerminals.com - NEWS

November 14, 2022 [The Manila Times] – German chemical giant BASF SE will invest in a new world-scale Neopentyl Glycol (NPG) plant with an annual production capacity of 80,000 tonnes at its Verbund site in the city of Zhanjiang, south China’s Guangdong Province.

 

With the new NPG plant expected to be operational in the fourth quarter of 2025, BASF’s global NPG capacity will rise from 255,000 tonnes to 335,000 tonnes annually, strengthening the company’s position as one of the world’s leading NPG manufacturers.

BASF Intermediates Asia Pacific Senior Vice President Vasilios Galanos said: “Investing in an NPG plant at the Zhanjiang Verbund site will enable us to support the growing demand from customers in Asia, particularly in the field of powder coatings in China. Leveraging the synergies arising from our unique Verbund model and top-notch technologies, we are confident that our investment in the NPG plant will enhance our competitive edge mainly in China, the world’s largest chemical market.”
poster

Boasting high chemical and thermal stability, NPG is an intermediate mainly used in the production of powder coating resins, which are particularly successful in the construction industry and for the coating of household appliances. Due to their low volatile organic compounds (VOC), powder coatings enable their users to comply with VOC emissions standards by reducing the release of VOCs by up to 50 percent compared to liquid coatings.

The Verbund site is the first wholly foreign-funded project in China’s heavy chemical industry. It covers an area of approximately 9 square kilometers and is expected to gain a total investment of up to 10 billion euros by 2030. It is BASF’s largest investment to date.

Pro Trial: Access 10,390 Tank Terminal and Production Facilities

10,390 tank storage and production facilities as per the date of this article. Click on the button and register to get instant access to actionable tank storage industry data

Tangier Island Awarded $2.3 Million Grant for Fuel Storage
06.20.2024 - NEWS
June 20, 2024 [National Fisherman]- Tangier Island, Va., sits in the middle of Chesapeake Bay wit... Read More
Sweco Supports VoltH2 in Design and Development of New Green Hydrogen Plant in The Netherlands
06.20.2024 - NEWS
June 20, 2024 [Public Now]- The European energy company VoltH2 has selected Sweco as its partner ... Read More
ONEOK Completes Acquisition of Gulf Coast NGL System
06.20.2024 - NEWS
June 20, 2024 [ONEOK]- ONEOK, Inc. announced that it has completed its acquisition of a system of... Read More
Phillips 66 Refining Margins Tighten on TMX Expansion Start-Up
06.20.2024 - NEWS
June 20, 2024 [Market Screener]- U.S. refiner Phillips 66 said on Tuesday its margins have tighte... Read More