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9 Yue 2 2 , China Sinopec and BASF jointly announced that each party holds half of the shares of the joint venture Yangzi Petrochemical - BASF limited liability company (Yangzi Petrochemical - BASF) expanded neopentyl glycol capacity.
9 Yue 2 2 , China Sinopec and BASF jointly announced that each party holds half of the shares of the joint venture Yangzi Petrochemical - BASF limited liability company (Yangzi Petrochemical - BASF) expanded neopentyl glycol capacity.
Mr.
Dr.
Vasilios Galanos , Global Senior Vice President of BASF's Intermediates Business Unit in Asia Pacific, said: “ As one of the world’s leading manufacturers of neopentyl glycol, BASF has production facilities in Asia, Europe and North America.
Neopentyl glycol is a unique polyol.
Due to its high chemical and thermal stability, it has outstanding performance in many end applications, especially in the production of polyester and alkyd resins for various coatings and plastics.
It is an important raw material for the production of polyester fiber resin, which is used to produce coatings, unsaturated polyester resins, alkyd resins, lubricants and plasticizers.
BASF has neopentyl glycol production bases in Ludwigshafen (Germany), Freeport (USA), Nanjing (China) and Jilin (China).
