BASF and Sinopec Take Next Steps in Establishment of Isononanol Plant

摘要

BASF and China Petroleum & Chemical Corporation (Sinopec) have completed a joint feasibility study and taken the next steps in the establishment of a world-scale isononanol (INA) plant in Maoming, Guangdong, China. Under the terms of the feasibility study, a new 50-50 joint venture will be formed, BASF MPCC Co. Ltd. Pre-approval has been received from the Maoming Administration of Industry and Commerce for the name of the venture. The partners expect to begin production at the new plant in the middle of 2015.