BASF and SINOPEC inaugurate world-scale isononanol plant
“The establishment of this plant is a perfect example of co-creation, bringing together the expertise of SINOPEC and BASF. This is also an important milestone for BASF because it helps us reach our own strategic goals. We are aiming to bring more of our production to the Asia Pacific region, where we will be closer to our direct customers and more closely in tune with the needs and the developments of key markets. Our midterm goal is that 75 percent of what we sell in this region is also produced in this region,” said Albert Heuser, President Functions Asia Pacific, President & Chairman Greater China, BASF.
BASF and SINOPEC maintain a long-term partnership and jointly operate BASF-YPC Co. Ltd., a 50-50 joint venture formed in 2000 between BASF and SINOPEC in Nanjing, China.
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