On November 23, the BASF (Guangdong) integrated base project was officially launched in the Donghai Island Petrochemical Industrial Park, Zhanjiang Economic and Technological Development Zone, and the first batch of installations began to be built
In his congratulatory letter, Li Keqiang said that the BASF (Guangdong) project is the first wholly foreign-owned large-scale petrochemical integration project in China, which marks the implementation of our measures to further expand opening up, and will push the cooperation between China and Germany in the manufacturing field to a new level.
The BASF (Guangdong) integrated base project with a total investment of US$10 billion is an important achievement witnessed by the Prime Ministers of China and Germany, and it is also the largest foreign investment project of BASF Group so far
According to reports, by 2022, the new engineering plastics modification unit will contribute 60,000 tons of modified engineering plastics products to BASF in China every year, which will increase BASF's total output of modified engineering plastics products in the Asia-Pacific region to 290,000 tons
Ke Diwen, President of BASF Asia Pacific, President and Chairman of Greater China, said: "The new integrated production base will become the cornerstone of Zhanjiang's world-class industrial cluster and provide a strong foundation for BASF's business development in South China and the Asian market.
Also present at the event were Zhang Hu, Vice Governor of Guangdong, heads of relevant ministries and commissions such as the National Development and Reform Commission and the Ministry of Commerce, BASF executives including Ke Diwen, President of BASF Asia Pacific, President and Chairman of Greater China, Guangdong Province and Zhanjiang Municipal Party Committee and Municipal Committee.
Responsible comrades of the government, BASF customers and strategic partners,