An independent FDI study in 2005 found that the principle of sustainable development and its standards implemented by the Nanjing-based BYC, a 50:50 BASF-Sinopec chemical joint venture, surpassed World Bank standards. Now, as the US$2.9 billion BYC goes for an additional $1.4 billion expansion program BASF is raising the bar of corporate responsibility with an annual transparency report on seven key financial, social and environmental indicators.rnThe Nanjing-based BASF-YPC Co (BYC), a 50:50 joint venture between the world's leading chemical company, BASF, and one of China's largest integrated energy and chemical ventures. Sinopec (China Petroleum & Chemical Corporation), is about to begin an expansion program that will position itself for meeting the rising demand for specialty chemicals in the country's manufacturing and construction in-rndustries. Early this month, the Chinese central government approved the feasibility study for a US$1.4 billion expansion program.
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