Yangzi Petrochemical-BASF celebrates its 20th anniversary

Yangzi Petrochemical - BASF Co.

Yangzi Petrochemical - BASF Co.
, Ltd.
(hereinafter referred to as Yangzi Petrochemical - BASF), jointly funded by Sinopec and BASF with a 50- to- 50 share ratio , celebrated its 20th anniversary in December 2020.
The company revolves around employees Carried out a series of activities with customers to review and celebrate the glorious course of the company.
Yangzi Petrochemical - BASF has invested a total of US$ 5.
5 billion since its establishment in 2000 .
Now, the company supplies about three million tons of high-quality chemicals and polymers to the fast-growing Chinese market each year, and has contributed a total of approximately 19 billion yuan in tax revenue over the past 20 years .
Yangzi Petrochemical - BASF adopts BASF's unique "integration" concept.
The integrated system can form an efficient value chain from basic chemicals to high value-added products, maximize resource utilization, minimize the impact on the environment, and reduce the generation of waste.
For example, through high-efficiency energy integration, approximately 40% of primary energy can be saved each year , reducing carbon dioxide emissions by 530,000 tons.
In addition, 99% of the water can be recycled and reused, and only 1% of the water used every year comes from fresh water sources.
From 2010 to 2020 , Yangzi Petrochemical- BASF's total investment in various energy saving measures more than 10 billion yuan.