BASF Zhanjiang Verbund site in China: Inauguration of the first plant
BASF is inaugurating the first plant of its new Zhanjiang Verbund site in the province Guangdong in South China today. The plant will provide a capacity of 60,000 metric tons of engineering plastics compounds per year in China for customers, particularly in the automotive and electronics industries.
Upon completion, the new Verbund site Zhanjiang will be the third largest Verbund site of BASF globally after Ludwigshafen, Germany and Antwerp, Belgium and a role model of sustainable production both in China and globally. BASF plans to power the entire Zhanjiang Verbund site with electricity from renewable resources and targets to achieve 100 percent by 2025.
Key data points: The growth forecast is 3.2% annually for the next 7 years. Scroll below to get more insights. This market report covers trends, opportunities, and forecasts in the discrete IGBT market to 2031 by power rate (high power, medium power, and low power), application (energy & power, consumer electronics, inverter & UPS, electric vehicle, industrial system, medical devices & traction, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)
Download free sample pagesProducts from Zhanjiang will supply customers in the dynamic Chinese market, which is the most important growth market for global chemical production.
