It is a project of epic proportions: The German chemical company BASF started production this week at its new site in Zhanjiang in southern China. The plant’s first unit alone will produce 60,000 metric tons of engineering plastic compounds per year, and the company aims to use exclusively renewable energy for this purpose by 2025. By the end of the decade, the Ludwigshafen-based company plans to invest €10 billion in the site. This will be the largest investment ever made by a German company in China.
Continue reading now
Get 30 days of free access to the Decision Brief to read these and more quality news every day.
Are you already a guest at the China.Table? Log in now