On November 23, the BASF (Guangdong) integrated base project was officially launched in the East Island Petrochemical Industrial Park in Zhanjiang Economic and Technological Development Zone, and construction of the first batch of facilities began. This is the first wholly foreign-owned large-scale petrochemical integration project to be implemented after the enactment of China's Foreign Investment Law. State Council Premier Li Keqiang and German Chancellor Angela Merkel respectively sent congratulatory letters. Ning Jizhen, deputy director of the National Development and Reform Commission, and German ambassador to China Ge Ze read the congratulations. Ma Xingrui, Governor of Guangdong Province, Li Shousheng, Chairman of China Petroleum and Chemical Industry Federation, and Bo Mule, Chairman and Chief Technology Officer of BASF Europe, attended the event and delivered speeches.
Li Keqiang said in the congratulatory letter that the BASF (Guangdong) project is China's first wholly foreign-owned large-scale petrochemical integration project, marking that our further opening-up measures are being implemented and will push China-Germany cooperation in the manufacturing sector to a new level. . The Chinese government is unswervingly expanding its opening up, and the door to China's opening up will become wider and wider. We will accelerate the establishment of a market-oriented, rule-of-law, and international business environment, and treat all types of enterprises, domestic and foreign-funded enterprises equally. Enterprises from all over the world are welcome to seize the opportunities brought by China's expanded opening up, expand cooperation with China, and better achieve mutual benefits and win-win results.
The BASF (Guangdong) integrated base project with a total investment of US $ 10 billion is an important achievement witnessed by the Chinese and German Prime Ministers and the largest foreign investment project of the BASF Group so far. According to the plan, the upstream and downstream production units of the entire base from basic chemicals to consumer goods will form an integrated value chain to support growth industries such as consumer goods and transportation. The first plant of the base will be put into operation in 2022. It will produce engineering plastics and thermoplastic polyurethanes to meet the needs of customers in multiple growth industries in South China and the entire Asian market. The entire integrated base is expected to be completed in 2030.
According to reports, by 2022, the new engineering plastics modification unit will contribute 60,000 tons of modified engineering plastics products to China each year, which will increase BASF ’s total output of modified engineering plastics products in the Asia-Pacific region to 290,000 tons. BASF will also use this to better meet the growing needs of customers, especially in the automotive, electronics and new energy vehicle industries. At the same time, BASF plans to use cutting-edge technology at this integrated base to fully implement the concept of smart production. The new base will also use technologies such as automated packaging, high-tech control systems and automated guided vehicles. Dr. Mu Mule, Chairman of the Executive Board of BASF Europe, said: "By adopting cutting-edge technology and following the highest safety standards, the new integrated base will become a model of sustainable production and help China's circular economy. The US $ 10 billion is just the beginning. When 2030 After the project is completed, we also intend to continue to increase investment. "
“The new integrated production base will become the cornerstone of Zhanjiang ’s world-class industrial cluster, and will provide a strong foundation for BASF ’s business development in the South China region and the Asian market,” said Dr. Kevin Di, President of BASF ’s Asia Pacific Region and President and Chairman of Greater China. stand by."
Also present at the event were Zhang Hu, deputy governor of Guangdong, heads of relevant ministries and commissions such as the National Development and Reform Commission and the Ministry of Commerce, BASF executives such as BASF ’s Asia-Pacific president, Greater China president and chairman Ke Diwen, and Guangdong and Zhanjiang municipal committees and municipalities. Responsible comrades of the government as well as BASF customers and strategic partners.