Sinopec, BASF expanding Nanjing venture
By Wan Zhihong | China Daily | Updated: 2009-07-08 07:59
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A worker checks the facilities at the BASF-YPC plant in Nanjing, Jiangsu province. The joint venture plans to construct 10 new chemical plants and expand three existing plants as part of the overall expansion. CFP |
Sinopec and German chemicals producer BASF yesterday agreed to jointly invest $1.4 billion to expand their joint venture in Nanjing in Jiangsu province, to tap the growing demand in the domestic market.
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