
German chemical giant BASF put its massive production complex in Guangdong Province into full operation Thursday, Xinhua News Agency reported. It is the largest single investment project wholly owned by a German enterprise in China. With an investment of 8.7 billion euros (US$10 billion), the BASF (Guangdong) Integrated Site spans roughly 4 square kilometers in Zhanjiang. The complex, known as a Verbund site, has started up 32 production lines and is now producing over 70 products, including basic chemicals, intermediates, and specialty chemicals used in transportation, consumer goods, electronics, home care, and personal care industries. First announced in 2018, the site is operated by BASF, with construction of the first plants commencing in 2020 |