9 January 2019
VIEW BASF'S FULL CORPORATE STRATEGY PRESENTATION
DETAILS
Dr. Martin Brudermüller
Chairman of the Board of Executive Directors
“By 2030, China’s share of the global chemical production
will increase to nearly 50%.
Guangdong is a growing market
for innovations from chemistry,
and our new site will support customers
in multiple industries.
We aim to help our customers
to grow sustainably with
our portfolio of products, solutions and services,
and at the same time establish new concepts
to improve the sustainability of our own operations,”
Chemistry has been recognized by Guangdong authorities
as a driving force for numerous downstream industries,
with BASF’s new integrated site contributing to
the industrial transformation of Guangdong.
According to the Framework Agreement,
fundamental circular economy concepts
will be incorporated into the new Verbund site
in Zhanjiang, to support customers in the region
with sustainably produced solutions.
At a Verbund site, resources are conserved
through the use of waste and byproducts
as raw materials.
A smart manufacturing concept
is being further developed for the new site
on the basis of cutting-edge technologies
that maximize resource and energy efficiency
and reduce environmental impact.
Around 9 km2 of land will be allocated for the project.
The city of Zhanjiang is located
at the heart of southwestern Guangdong.
The new BASF Verbund site will benefit from
Zhanjiang’s natural resources,
a deep-water port,
excellent transportation links,
and an engaged workforce, as well as
its cultural heritage and commitment
to sustainable development.
The total investment is estimated
to reach up to $10 billion
and will be implemented in phases.
The project will include
a wholly-owned steam cracker with a planned capacity
of 1 million metric tons of ethylene per year
and several plants
for consumer-oriented products and solutions.
Globally, BASF currently operates six Verbund sites:
two in Europe
(Ludwigshafen, Germany; Antwerp, Belgium),
two in North America
(Freeport, Texas, USA; Geismar, Louisiana, USA) and
two in Asia.
The Verbund site in Nanjing, China,
established in 2000, is a 50:50 joint venture with Sinopec,
while
the Verbund site in Kuantan, Malaysia,
established in 1997, is a 60:40 joint venture with Petronas.
BASF SE
67056 Ludwigshafen
www.basf.com
presse.kontakt@basf.com
Media Relations
Jens Fey
Phone: +49 621 60-99123
jens.fey@basf.com
Investor Relations
Stefanie Wettberg
Phone: +49 621 60-48002
stefanie.wettberg@basf.com
WWW.CHEMWINFO.COM BY KHUN PHICHAI
