BASF Announces Final Approval for Construction of Verbund Site in China
BASF SE has given final approval for the construction of the planned Verbund site in Zhanjiang in the southern Chinese province of Guangdong. With the project currently on schedule, the focus will now be on building the core of the Verbund, which includes a steam cracker and several downstream plants for the production of petrochemicals and intermediates, among others. According to BASF, the company will invest up to €10 billion by 2030 to build the new Verbund site.
In 2020, BASF started construction of the first plants at the planned integrated Verbund site in Zhanjiang, China, which will be BASF's third-largest Verbund site worldwide after Ludwigshafen, Germany, and Antwerp, Belgium. The site will be built in several phases and is expected to be fully operational by 2030.