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Germany's BASF starts production at southern China mega complex

Published 06/09/2022, 11:23
Updated 06/09/2022, 11:27
© Reuters. FILE PHOTO: A general view of the German chemical company, BASF Schwarzheide GmbH in Schwarzheide, Germany, December 10, 2019. REUTERS/Annegret Hilse
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BEIJING (Reuters) - German chemicals group BASF (ETR:BASFN) said on Tuesday it has started production at a giant complex in southern China's Zhanjiang.

The first plant at the site will produce 60,000 tonnes of engineering plastic compounds a year for the automotive and electronics industries, the company said in a statement.

It will be supplied entirely by renewable electricity, it added.

The company expects to invest up to 10 billion euros ($9.95 billion) in the site, which will be its third-largest globally when complete in 2030.

© Reuters. FILE PHOTO: A general view of the German chemical company, BASF Schwarzheide GmbH in Schwarzheide, Germany, December 10, 2019. REUTERS/Annegret Hilse

Next year, it plans to start operating a plant for the production of thermoplastic polyurethanes (TPU) at the same complex.

($1 = 1.0048 euros)

 

 

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