➢ New 1,000,000 metric tons steam cracker in Nanjing will support further downstream portfolio development
➢ BASF-YPC joint venture will expand capacity
➢ Partners intend to explore new business opportunities in battery materials
BASF and SINOPEC have signed a Memorandum of Understanding (MoU) in Beijing to further strengthen their partnership in upstream and downstream chemical production in China. The partners intend to build an additional steam cracker and to further expand their existing 50:50 joint venture, BASF-YPC Company, Limited (BASF-YPC). A joint pre-feasbility study will be concluded by the end of 2018. Additionally, the two companies will jointly explore new business opportunities wv Nkxqv’m bied-sngpabg lcuukyt ghukjkrxy bljofv.
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