German chemical giant BASF announced on the 22nd that Yangzi Petrochemical-BASF Co., Ltd. (Yangzi Petrochemical-BASF), a joint venture between Sinopec and BASF, has expanded its neopentyl glycol production capacity. The plant is located in the Yangzi Petrochemical-BASF world-class integrated base in Nanjing, Jiangsu. It was put into operation in 2015 and has an annual production capacity of 40,000 tons. After the expansion is completed, the total annual production capacity will reach 80,000 tons.
BASF has neopentyl glycol production bases in Ludwigshafen (Germany), Freeport (USA), Nanjing (China) and Jilin (China).
Dr. Ke Diwen, President and Chairman of BASF Greater China, said: “This capacity expansion marks another milestone in the long-term cooperative relationship between Sinopec and BASF. It further strengthens both parties’ commitments to enhance local production capacity, thereby actively responding to Chinese customers’ There is a growing demand for environmentally friendly powder coatings."
Hua Siliang, Senior Vice President of BASF's Intermediate Business Unit in Asia Pacific, said: “As one of the world’s leading manufacturers of neopentyl glycol, BASF has production facilities in Asia, Europe and North America. We have decades of experience. We produce and supply neopentyl glycol products for customers in various industries. Customers know and trust BASF, and they will benefit from our presence in the Asia-Pacific region, innovation capabilities and reliable supply."
Mr. Hong Cambridge, Chairman of Sinopec Yangzi Petrochemical Co., Ltd. and Chairman of Yangzi Petrochemical-BASF Co., Ltd., said: “Sinopec and BASF have maintained close cooperation for many years. The commissioning of the neopentyl glycol expansion unit reflects the better The cooperative relationship is in line with the high-quality development direction of the Chinese government for industrial restructuring, transformation and upgrading."
Neopentyl glycol is a unique polyol. Due to its high chemical and thermal stability, it has excellent performance in many end applications, especially in the production of polyester and alkyd resins for various coatings and plastics. It is an important raw material for the production of polyester fiber resins, which are used to produce coatings, unsaturated polyester resins, alkyd resins, lubricants and plasticizers.
