Recently, Sinopec Corp. learned from Sinopec Corp. that Sinopec and BASF will expand their neopentyl glycol production capacity in Nanjing. The unit is located in the integrated production base operated by Yangzi Petrochemical-BASF Co., Ltd., a joint venture company. The plant will be put into operation in 2015 with an annual capacity of 40,000 tons. After the expansion of its production capacity will double to reach 80,000 tons per year, the expansion device is expected to drive in 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, which shows once again the good investment environment in Jiangsu and Nanjing and the confidence of the two companies in market development.' 'Sinopec Yangzi Petrochemical and Yangzi Petrochemical - BASF limited liability company chairman Li Chengfeng said.
BASF will support the rapidly growing demand for high-quality neopentyl glycol from customers in China and the Asia-Pacific region through these new capacity additions, which is also a trend toward environmentally-friendly powder coatings that are compliant with low-volatile organic compounds (VOCs) "BASF Asia Pacific Senior Vice President Narayan Krishnamohan said:" As a leading NPG supplier in the world, BASF has decades of experience in manufacturing and supplying NPG products to customers in a wide range of industries. "Customers Benefit from our Asia Pacific layout, innovation, supply flexibility and stability. '
It is reported that NPG is a unique polyol product that, due to its high chemical and thermal stability, offers excellent performance for many end applications and is widely used in the powder coating, textile and construction industries. It is also used in the production of polyester fiber resins An important raw material, polyester fiber resins are widely used in the production of coatings, unsaturated polyester resins, alkyd resins, lubricants and plasticizers.