CHINA: BASF & Sinopec plan pre-feasibility study to build second steam cracker in China
BASF and Sinopec have signed a memorandum of understanding (MoU), which includes, among other things, plans for a joint pre-feasibility study on a second ethylene cracker in Nanjing, China. According to the MoU, the parties' existing BASF-YPC joint venture will invest in a 50 % stake to build the steam cracker, which will have a capacity of 1 million t/y of ethylene.
Sinopec Yangtzi Petrochemical (YPC) will hold the remaining 50 % stake. Both BASF-YPC and YPC will have access to all of the products of the steam cracker. The new cracker will also enable the companies to expand production capacity at their BASF-YPC integrated Verbund site in Nanjing. The study is expected to be completed by the end of the year.
Source: Weekly “PetroChemical News” (PCN), Durham, NC, USA; 5 Nov 2018
(Syed Rashid Ali, Karachi, Pakistan)