BASF has acquired land, buildings and assets of SPC (Sinopec Shanghai Petrochemical Company, Ltd., China), related to alkoxylates production, adjoining the BASF Jinshan site, in order to fulfil the growing demand from customers across Asia Pacific, especially China.
With the current alkoxylate line in the Care Chemicals Jinshan plant running at full capacity, this acquisition will help double the capacity at Jinshan from end 2020.
“This investment reinforces BASF’s commitment to China and makes Jinshan a significant production base for a range of products across the Care Chemicals portfolio in the region,” said Dr. Stephan Kothrade, President and Chairman Greater China, BASF.
“We are seeing a rising demand for high-quality alkoxylates in the Asia Pacific market, especially in China. This strategic expansion will double our alkoxylates capacities in Jinshan and increase our overall capacity in Asia Pacific,” said Dr. Jianwen Mao, Vice President, Business Management Greater China, Home Care, Industrial & Institutional, and Industrial Formulators, Care Chemicals, BASF Asia Pacific.
“We will focus on maximizing synergies between the existing and new operations and supporting the growth of our customers and the market,” he added.
Alkoxylation technology is used in the manufacture of surfactants that are employed in a wide range of industry segments, including home care, formulations for laundry detergents, surface cleaners and dishwasher detergents, personal care, industrial and institutional cleaning applications.
It is also used in industrial formulations like in raw materials for the manufacture of plasticizers, emulsifiers for emulsion polymerization, crop protection additives, and polyurethane foams for the rubber industry.