Sinopec Corp. and BASF announced that they will expand their neopentyl glycol production capacity in Nanjing, an advanced all-in-one manufacturing facility operated by Yangzi Petrochemical-BASF Co., Ltd., a joint venture company with production capacity of 40,000 tons / year by 2015, After its expansion, its production capacity will double to reach 80,000 tons per annum and the expansion plant is expected to drive by 2020.
'This investment is a second testimony of Sinopec's strategic cooperation with BASF. It is in line with the concept of green, low-carbon and sustainable development. This demonstrates once again the good investment environment in Jiangsu and Nanjing and the confidence of the two companies in market development.' Sinopec Yangzi Petrochemical Co., Ltd. and Li Chengfeng, Chairman of Yangzi Petrochemical-BASF Co., Ltd. "BASF will support the rapidly growing demand for high-quality neopentyl glycol from customers in China and the Asia-Pacific region through these additional capacities."
NPG is a unique polyol product that, due to its high chemical and thermal stability, provides excellent performance for many end applications such as powder coatings, textiles and construction. It is an important raw material for the production of polyester fiber resins and poly Ester fiber resins are used in the production of paints, unsaturated polyester resins, alkyd resins, lubricants and plasticizers Yangzi Petrochemical - BASF and BASF are the market leaders in China and the global market respectively BASF in Nanjing, Jilin, Germany There are NPG production units in the port of Dvirch, Texas and the United States.