BASF-YPC Co., a joint venture between BASF and China Petroleum and Chemical Corp. (Sinopec), completed its $1.4 billion project to expand its petrochemical facility in Nanjing, China. “Through this successful partnership, we are able to bring vital chemical products and solutions to China that will directly support local industries as they strive to meet the needs of a rapidly developing population,” Martin Brudermueller, BASF’s vice chairman of the board of executive directors, said in a news statement.
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