BASF started piling work for the first plants at its USD10 bn Verbund project in Zhanjiang, Guangdong, China. The first plants will produce engineering plastics and thermoplastic polyurethane (TPU) to serve the increasing needs of various growth industries in the southern China market and throughout Asia.
“It only took less than two years since the signing of the first memorandum of understanding to the official piling of our first plants. Thanks to the great support from government authorities and local communities, as well as to the continuous efforts of our employees and partners worldwide, the project has been progressing steadily,” said Haryono Lim, senior vice president, senior project new Verbund site China, BASF. “We are confident to bring the first batch of ‘Made in Zhanjiang’ products to the market by the end of 2022 as planned.”
The article was first published in the March 31 edition of Capital Projects and Contracts. to learn more about a subscription, click here.