BASF and SINOPEC Expand Production Capacity in China
LUDWIGSHAFEN, Germany/NANJING, China – BASF and SINOPEC will expand the production capacity of neopentylglycol (NPG) at the Verbund site, BASF-YPC Co. Ltd., a 50-50 joint venture in Nanjing, China. The plant was established in 2015 with an annual capacity of 40,000 metric tons. Following the expansion, the annual capacity will be doubled to 80,000 metric tons. The expanded capacity will come on stream in 2020.
"With this increased capacity, we will support the fast-growing customer demand for high-quality NPG in China and the Asia-Pacific region. The expansion is also in line with the trend towards environmentally friendly powder coatings with low volatile organic compounds, or VOCs," said Narayan Krishnamohan, Senior Vice President, BASF Intermediates Asia Pacific. "As a globally leading supplier of NPG, we have decades of experience in manufacturing and supplying NPG to our customers across a broad range of industries. Customers will benefit from our regional presence, innovation strength, flexibility and reliability of supply."