MOST TRUSTED NEWSWIRE PRESS RELEASE DISTRIBUTION
PRTODAY / NewswireToday press release distribution service network
Written by / Agency / Source: BASF
Check Ads Availability|e-mail Article

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

BASF-YPC Starts Up Second Production Plant for Propionic Acid in Nanjing, China - BASF and SINOPEC today commenced production at the second propionic acid plant at the Verbund site, BASF-YPC Co., Ltd., a 50-50 joint venture in Nanjing, China - BASF-YPC.com.cn
BASF-YPC Starts Up Second Production Plant for Propionic Acid in Nanjing, China

 

NewswireToday - /newswire/ - Nanjing, China, 2019/05/31 - BASF and SINOPEC today commenced production at the second propionic acid plant at the Verbund site, BASF-YPC Co., Ltd., a 50-50 joint venture in Nanjing, China - BASF-YPC.com.cn. DE000BASF111

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Manufacturing / Robotics Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

• Successful startup of additional 30,000-metric ton production plant;
• Commercial products now available for sale.

Commercial products are now available for sale to customers in China and the rest of Asia Pacific. The new plant has an annual production capacity of 30,000 metric tons of propionic acid. The total capacity of the two plants has thus been increased to 69,000 metric tons per year.

“As the population grows and the living standards improve in Asia Pacific, the rising demand for food and feed has led to an increase in the consumption of propionic acid. Strong growth in other industries, such as pharmaceuticals and agriculture, is also driving us to expand our propionic acid capacity in the region,” said Vasilios Galanos, Senior Vice President, BASF Intermediates Asia Pacific. “Propionic acid is an eco-efficient and effective preservative used in animal feed and food additives. With the new plant, we look forward to better supporting the growth of our customers in China and the rest of Asia Pacific.”

“SINOPEC and BASF work collaboratively for the successful startup of the second propionic acid plant. The startup of this plant not only meets the market demand in the field of food safety, but is also in line with the Government’s commitments to promoting the transformation and upgrade of the traditional manufacturing industries which was re-emphasized during the Two Sessions this year through the key reform priorities,” said Mr. Hong Jianqiao, Chairman of Sinopec Yangzi Petrochemical Co. Ltd. and BASF-YPC Co. Ltd.

Propionic acid is used as a mold inhibitor for the preservation of food and feed grains. It offers strong economic and ecological benefits over preservation through drying or storage in air-tight silos. Propionic acid is also widely used in the production of pharmaceuticals, crop protection agents, solvents and thermoplastics.

About BASF-YPC
BASF-YPC Company Limited (“BASF-YPC”) (basf-ypc.com.cn) is a 50-50 joint venture between BASF and Sinopec, founded in 2000, with a total investment of approximately US$5.2 billion. The integrated petrochemical site produces about three million tons of high-quality chemicals and polymers for the Chinese market annually. The products serve the rapid-growing demand in multiple industries including agriculture, construction, electronics, pharmaceutical, hygiene, automotive and chemical manufacturing. All BASF-YPC plants are interconnected in order to use products, by-products and energy in the most efficient way, to save cost and minimize environmental impact. BASF-YPC posted sales of approximately RMB 21.6 billion in 2018 and employed 1,893 people as of the end of that year.

About SINOPEC, YPC
China Petroleum and Chemical Corporation Limited (hereinafter referred to as "Sinopec") (sinopec.com) is one of the largest integrated energy and chemical companies in China. Its principal operations include the exploration and production, pipeline transportation and sale of petroleum and natural gas; the sale, storage and transportation of petroleum products, petrochemical products, coal chemical products, synthetic fiber and other chemical products; the import and export, including an import and export agency business, of petroleum, natural gas, petroleum products, petrochemical and chemical products, and other commodities and technologies; and research, development and application of technologies and information. Sinopec is implementing strategies of resources, markets, integration, internationalisation development with a view to realize its vision of building a world first class energy and chemical company.

Yangzi Petrochemical Co., Ltd. (hereinafter referred as “YPC”) (sinopecgroup.com) is one of Sinopec's largest integrated refining and chemical bases, which is located in Nanjing, Jiangsu province, China. On behalf of Sinopec, YPC implements shareholder management for BASF-YPC.

About BASF
At BASF (basf.com), we create chemistry for a sustainable future. We combine economic success with environmental protection and social responsibility. The approximately 122,000 employees in the BASF Group work on contributing to the success of our customers in nearly all sectors and almost every country in the world. Our portfolio is organized into six segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care and Agricultural Solutions. BASF generated sales of around €63 billion in 2018. BASF shares are traded on the stock exchange in Frankfurt (BAS) and as American Depositary Receipts (BASFY) in the U.S.

Media Contact: SINOPEC, YPC - Cai Haijun
T: +86 25 5856 2531 - E: caihj.yzsh[.]sinopec.com.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Manufacturing / Robotics Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: BASF

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick NewswireToday Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Manufacturing / Robotics articles,
CATCH Visitors via Your Competitors Announcements!


BASF-YPC Starts Up Second Production Plant for Propionic Acid in Nanjing, China

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name NewswireToday and LINK as the source.
 
Publisher Contact: Klaus-Peter Rieser - BASF.com 
+49 621 6095138 klaus-peter.rieser[.]basf.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any BASF securities in any jurisdiction including any other companies listed or named in this release.

Manufacturing / Robotics via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From BASF / Company Profile


Read Manufacturing / Robotics Most Recent Related Newswires:

Yokogawa to Establish Open Process Automation Test Bed for ExxonMobil
Eco-Friendly Oilfield Chemicals Advance Application Use and Oilfield Chemical Market Expansion Finds Frost & Sullivan
Carlisle Fluid Technologies Acquires Ecco Finishing
BASF Starts Up Plant for Functionalizing Foils At the Münster Site
BASF to Launch and Present its New Product Ultradur® B6551 LNI for Extrusion and PBT Ultradur® B6560 M2 FC TF At K Fair
LANXESS New High Performance Prepolymers Production Up and Running in Brazil
Voith Subsidiary VolgaHydro Inaugurates New Production Plant for Hydropower Turbines
BASF’s Plastic Additive Shields 5G Base Stations from UV Light
North American Paper Producer Eases into The Future with ABB Digital Solutions
BASF Launches Durasorb™ HG - A New Product for Mercury Removal from Natural Gas
BASF and SIBUR Collaborate to Develop Innovative Polymer Solutions
Regulatory Approvals Obtained for Atlas Copco’s Acquisition of Brooks’ Semiconductor Cryogenics Business
New ABB Ability™ Optimold Control Offers Unrivalled, Real Time In-mold Casting Control
ABB Power2® Two-stage Turbocharger Technology Now Available for Railway Customers
Robots Clean Photovoltaic Panels in Large Solar Farm in Mexico

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  Limelon Advertising, Co.

Visit  BizJobs.com





 
  ©2019 NewswireToday — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com newswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)