China Petrochemical and BASF to expand the integration base of Nanjing propionic acid production cap

Yangzi Petrochemical, Germany BASF on June 1, 2017 in Nanjing, China / Germany Ludwigshafen also announced that the two sides of the joint venture Yangzi Petrochemical - BASF limited liability company (hereinafter referred to as "Yamba") to start the new C Acid production capacity of 30,000 tons / year project, after the expansion of Yamba total propionic acid production capacity of up to 69,000 tons, the new device is expected to be put into operation in the first quarter of 2019.

     Yangzi Petrochemical - BASF Co., Ltd. ("Yangzi Petrochemical - BASF") is an integrated petrochemical production base built by Sinopec and BASF with 50 to 50 shares and co-financing of US $ 5.2 billion. Founded in 2000, June 2005 put into commercial operation. The base produces 3 million tonnes of high-quality chemicals and polymers for the Chinese market each year to meet the high-growth needs of agriculture, construction, electronics, pharmaceuticals, health, automotive and chemical industries, targeting China and Asia. All Yangzi Petrochemical - BASF devices are connected to each other to effectively use products, by-products and energy "integration" concept, cost savings and minimize environmental impact, so that the maximum energy and resources recycling, Nanjing "green business " Yangzi Petrochemical - BASF 2016 annual sales of 17.3 billion yuan, as of the end of 1880 employees.

     Yamba has a complete propionic acid production plant in Nanjing, is China and the world's major propionic acid manufacturers.

    Propionate can prevent feed mold mildew, to achieve long-term preservation. The ecological benefit analysis shows that propionic acid feed preservatives have obvious advantages in economy and environmental protection compared with other methods, and their ecological benefits are higher than those of dry or gas storage. Propionic acid can also be used to produce pharmaceuticals, crop protection products, solvents and thermoplastics.

     Chairman of China Petrochemical Yangzi Petrochemical Co., Ltd. Chairman of Yamba Li Chengfeng said: "This investment is Sinopec and BASF strategic cooperation in the 'thirteen five' during the new start, is to meet people's food safety needs of the industry Adjust the upgrade project, in line with the general requirements of the structural reform of the supply side, once again demonstrates the good investment environment in Nanjing, Jiangsu and the two companies on the market development of confidence.

     "The expansion is designed to meet the growing demand for food and feedstuffs," said Narayan Krishnamohan, senior vice president of Asia Pacific for BASF's intermediate business. "With the growth of Asian countries, especially in China and India, and The improvement of living standards, the shelf life of meat products and animal feed safety and health also put forward higher requirements, which is bound to increase the use of preservatives.This expansion will help BASF to provide important for the market Intermediate chemicals, while reducing feed and food waste, to promote sustainable development in the future. "