The Signing Ceremony of Finance Documents for IPS was held on March 7 2003, which symbolized the accomplishment of milestone of finance closure.

IPS, following the concept of "World class, High-tech, Integration", adopts international limited-recourse financing. Thanks to the energetic support from both Chinese and German governments and joint efforts by two sponsors, JVC , Chinese and foreign financing group and legal firms in 8 year procedure, the constitution of financing group, loan structure and member banks are defined for the finance amounting to USD 1.42 billion through open bidding. Up to now, the finance for IPS has been the biggest limited-recourse practice in China petrochemical industry, just as what Dr. Nissen addressed on the ceremony "for BASF, this is one of biggest single bank financing transactions". It is also the first limited-recourse financing in China petrochemical industry evidencing that BASF-YPC financing witnesses a big forward step in China and all project financing mark.