BASF and SINOPEC have commenced production of Neopentylglycol (NPG) at the state-of-the art Verbund site, BASF-YPC Co., Ltd., a 50-50 joint venture in Nanjing, China. Commercial products are now ready for delivery to customers. The new plant has an annual capacity of 40,000 metric tons.
“With this new plant, we are responding to our customers’ growing demand for high-quality Neopentylglycol, especially in the Asia Pacific region, and at the same time strengthening our position as the global leading supplier of NPG,” said Narayan Krishnamohan, Senior Vice President, BASF Intermediates Asia Pacific. “We have 55 years of experience in manufacturing and supplying Neopentylglycol to our customers across a broad range of industries.”
“With this partnership, SINOPEC and BASF are fully utilizing their strengths regarding resources, technology, talent and management. Furthermore with this investment we are building on the core competitiveness of both partners,” said Mr. Wang Jingyi, Chairman of Sinopec Yangzi Petrochemical Co. Ltd. and BASF-YPC Co. Ltd.
NPG is a unique polyalcohol offering superior performance in many end-use applications such as coatings, textiles and construction due to its high chemical and thermal stability. It is mainly used as a building block in polyester resins for coatings, unsaturated polyester and alkyd resins, lubricants and plasticizers. As the global market leader, BASF has NPG production facilities in Ludwigshafen, Germany; Freeport, Texas, United States and Jilin, China.