BASF Gives Final Approval for Construction of Zhanjiang Site in China
20 Julho 2022 - 2:47AM
Dow Jones News
By Ed Frankl
BASF SE said late Tuesday that it gave final approval for the
construction of its site in Zhanjiang, China, which will focus on
steam cracker and several downstream plants for the production of
petrochemicals and intermediates.
The German chemical company said it would invest up to 10
billion euros ($10.23 billion) by 2030 to build the new integrated
site.
Construction of what will be BASF's third-largest site began in
2020 and is due to be operational by 2030.
Write to Ed Frankl at edward.frankl@dowjones.com
(END) Dow Jones Newswires
July 20, 2022 01:32 ET (05:32 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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