On May 18th, BASF-YPC Company Limited (BYC) signed a financing agreement for the Integrated Petrochemical Site II (IPS II) expansion project with the loan syndicate in Nanjing. To IPS II expansion project that broke ground in September 2009, this agreement is a new milestone; further more, to BYC which is the largest Sino-German joint venture, this will surely be the solid foundation for the further development.The loan syndicate for the expansion project consists of Industrial and Commercial Bank of China (ICBC), Agricultural Bank of China (ABC), Bank of China (BOC), China Construction Bank (CCB) and China Development Bank (CDB), in which ICBC, ABC and BOC are appointed as the lead arrangers. Representatives from Nanjing Municipal Government, BASF, Sinopec, and the loan syndicate together with management members of BYC attended the ceremony.
- Investments in a state-of-the-art olefin platform to facilitate sustainable growth- New steam cracker complex will be backwards integrated into
On the afternoon of June 19, BYC held a Community Dialogue to deepen communication and cooperation with the neighboring communities and local governme
- Expansion to serve growing demand from various industries in the Chinese market- Newly built facilities to utilize renewable energy, aiming to signi
- The expanded and new plants startup by the end of 2023- Supporting the growing demand in the Chinese marketNanjing, China – April 28, 2022
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