BASF has launched its $10-billion smart Verbund project at Zhanjiang, Guangdong Province, China, and commenced building its frst plants at the facility. The frst units will produce engineering plastics and thermoplastic polyurethane (TPU). “We are pleased to see our mega-investment project in China is progressing,” says Martin Brudermuller, chairman of the board of executive directors, BASF. By 2022, the new engineering plastics compounding plant will supply an additional capacity of 60,000 metric tons/year in China, bringing BASF’s total capacity of these products in APAC to 290,000 metric tons/year.
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