1: BASF’s $1.3 Billion Investments in New Petrochemicals Complex in Guangdong Province

BASF, a major German chemical company, has invested in China’s chemical industry for over 100 years. In 2021, BASF announced plans to invest $1.3 billion in a new petrochemicals complex in Guangdong province. The complex, expected to be BASF’s largest investment in China, will produce chemicals such as polyethylene, ethylene, and propylene, and is set to begin operations in 2026.

2: BASF’s Partnerships to Explore New Technologies and Expand Product Offerings

BASF has established partnerships with Chinese firms to explore new technologies and expand its product offerings. BASF and Sinopec are studying a steam cracker in China for producing chemicals. BASF partnered with Nornickel to reduce carbon emissions in EV battery production.

3: BASF’s Promotion of Innovation and Sustainability in China

Apart from investments and partnerships, BASF is actively promoting innovation and sustainability in China. BASF launched a sustainability campaign in 2021 to increase awareness of environmental concerns and encourage sustainable development. The company also opened an innovation center in Shanghai, focusing on creating new technologies and solutions suited to the Chinese market.

Conclusion: BASF’s Long-Term Commitment to China’s Chemical Industry

BASF’s investments and partnerships in China reflect the company’s long-term commitment to the country and its significance in the global chemical industry. As China’s demand for chemicals continues to grow, BASF’s investments and efforts towards sustainability and innovation will play a crucial role in fulfilling the country’s needs.