July 18, 2023

[CORPORATE PARTNER] BASF to supply Neopentyl Glycol from Zhanjiang to KHUA

BASF and Zhejiang Guanghua Technology Co.,Ltd. (KHUA) have signed a Letter of Intent (LoI) for the supply of Neopentyl Glycol (NPG) from BASF’s Zhanjiang Verbund site to KHUA. This agreement marks a significant milestone in the long-term partnership between both parties.

 

KHUA, a reputed manufacturer of saturated polyester resins for the powder coatings industry in China, is planning to build a 100 kilotons per annum (KT/a) production plant for high-end powder coatings resins in Donghai Island, Zhanjiang Economic & Technological Development Zone (ZETDZ), where BASF is building a world-scale NPG plant with an annual production capacity of 80,000 metric tons.

 

Vasilios Galanos, Senior Vice President, Intermediates Asia Pacific, BASF, said, “We are pleased to strengthen our long-standing partnership with KHUA through co-location. We are confident that this strategic move will create synergies that benefit both parties, including enhanced collaboration and supply reliability, faster delivery, access to shared resources, and reduced costs. In addition, this partnership will help to meet the growing demand for eco-friendly powder coatings in China and the wider Asia Pacific region.”

 

“We have high hopes of BASF’s Zhanjiang Verbund site, which will set a new standard in the petrochemical industry by utilizing clean energy, conserving energy, and reducing emissions. Leveraging our competitive advantages, backed by the strategic partnership with BASF, one of the world’s leading NPG suppliers, as well as Zhanjiang’s unique geographical location, we are confident in the success of our 100KT/a powder coating resin expansion project. This will enable us to reduce VOCs and contribute to a sustainable future with clear blue skies and white clouds,” said Jeffrey Sun, Chairman, KHUA.

 

With the new NPG plant at the Zhjanjiang Verbund site expected to be available from Q4 2025, BASF’s global NPG capacity will be boosted from 255,000 metric tons to 335,000 metric tons annually, strengthening its position as one of the world’s leading NPG manufacturers. Upon completion, this will be BASF’s fifth NPG plant, following the ones in Ludwigshafen, Germany; Freeport, Texas, United States; as well as Nanjing and Jilin, China.

 

NPG is an intermediate mainly used in the production of powder coating resins, which are particularly successful for the coating of household appliances and in the construction industry. Due to their low volatile organic compounds (VOC), powder coatings enable their users to comply with VOC emission standards by reducing the release of VOCs by up to 50% compared to liquid coatings. Other applications for NPG include the manufacture of lubricants, plasticizers and pharmaceuticals.

 

 

BASF and KHUA sign the LoI for the supply of NPG.

 

Front row, left to right:

  • Haryono Lim, Senior Vice President, New Verbund Site China, BASF
  • Yao ChunHai, General Manager, KHUA

Back row, left to right:

  • Vasilios Galanos, Senior Vice President, Intermediates Asia Pacific, BASF
  • Hong Tao, Vice Secretary and Vice Chief Commander of Joint Party Committee of Advanced Manufacturing Key Project Construction Taskforce by ZETDZ and Fenyong High-tech Zone
  • Jeffrey Sun, Chairman, KHUA

 

About BASF Intermediates

 

BASF Group’s Intermediates division develops, produces and markets a comprehensive portfolio of more than 600 chemical intermediates around the world. Its most important product groups include amines, diols, polyalcohols, acids and specialties. The division’s customers use its intermediates in many value chains for example as precursors for coatings, plastics, pharmaceuticals, textiles, detergents and crop protectants. The division is offering innovative intermediates which can help to improve both the properties of final products and the efficiency of production processes. Dedicated to sustainability it is supporting its customers with suitable solutions to achieve their targets, e.g. reducing CO2 emissions and increasing the share of renewable raw materials, thus saving fossil resources. The ISO 9001 certified Intermediates division operates world-scale plants at production sites in Europe, Asia and North America. Around the globe the division generated sales to third parties of about €4.3 billion in 2022. For more information, go to www.intermediates.basf.com.

 

About BASF

 

At BASF, we create chemistry for a sustainable future. We combine economic success with environmental protection and social responsibility. More than 111,000 employees in the BASF Group contribute to the success of our customers in nearly all sectors and almost every country in the world. Our portfolio comprises six segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care and Agricultural Solutions. BASF generated sales of €87.3 billion in 2022. BASF shares are traded on the stock exchange in Frankfurt (BAS) and as American Depositary Receipts (BASFY) in the United States. Further information at www.basf.com.

More News

See all

February 23, 2024

Laying foundations: discussing an Irish chamber of commerce in Vietnam

Read more

February 23, 2024

Exploring business opportunities: EuroCham’s dialogue with Hung Yen Province

Read more

February 16, 2024

[Work @ EuroCham] GEFE EXHIBITION PROJECT MANAGER – based in Ho Chi Minh City

Read more

February 15, 2024

[EXTENDED DEADLINE] [Work @ EuroCham] Operations Officer – based in Central Vietnam

Read more

January 30, 2024

[EXTENDED DEADLINE] [Work @ EuroCham] GREEN GROWTH SECTOR COMMITTEE & SUSTAINABLE FINANCE SECTOR COMMITTEE INTERN – based in Ho Chi Minh

Read more

January 26, 2024

EuroCham and VAFIE Discuss EU Investment Trends and Challenges in Vietnam

Read more

January 26, 2024

EuroCham Vietnam and Ho Chi Minh City unite for sustainability

Read more

January 26, 2024

EuroCham’s Construction Sector Committee: spearheading sustainable development in Vietnam’s construction industry

Read more

January 26, 2024

[CORPORATE SUPPORT] A smart factory for smart materials: BASF celebrates the inauguration of its TPU plant at the Zhanjiang Verbund site

Read more

January 24, 2024

EuroCham Vietnam and Ho Chi Minh City unite for sustainability

Read more

January 24, 2024

[CORPORATE PARTNER] PwC – Asia Pacific climate actions not on track: Moving beyond commitment and towards transformation

Read more

January 19, 2024

[EXTENDED DEADLINE] [Work @ EuroCham] GEFE Project Officer and GEFE Project MarCom Officer – based in Ho Chi Minh

Read more

January 19, 2024

Economic Insights Unveiled at “Economic Outlook 2024” Business Luncheon organized by EuroCham and BritCham

Read more

January 19, 2024

EuroCham Vietnam’s latest Whitebook proposes recommendations for boosting investment for a greener, more sustainable economy

Read more

January 19, 2024

[SUPPORTED CONTENT] PWC recently launched report on the impact of Corporate Sustainability Reporting Directive (CSRD)

Read more

January 19, 2024

EuroCham Construction Sector Committee Meets with Ministry of Construction to Foster Industry Dialogue

Read more

January 18, 2024

High-Level Hungarian delegation meets with EuroCham Vietnam, CEEC, and Consulate General of Hungary

Read more

January 12, 2024

EuroCham Rings in 2024 with Festive Celebration in Hanoi

Read more

January 12, 2024

Ringing in 2024 with Cheer at EuroCham’s New Year Celebration in Ho Chi Minh

Read more

January 05, 2024

Successful EuroCham Vietnam advocacy outcome regarding Circular on Nutritional Labeling

Read more

January 05, 2024

Vietnam’s business confidence gains traction in Q4 2023 amid challenges: EuroCham Vietnam Business Confidence Index (BCI)

Read more

January 05, 2024

Vice-Chairman Minh Nguyen continues tenure on Prime Minister’s Advisory Council for Administrative Procedures Reform

Read more

December 19, 2023

[Work @ EuroCham] MEMBERSHIP ASSISTANT – based in Ho Chi Minh

Read more

December 19, 2023

EuroCham’s constructive engagement at the Ministry of Foreign Affairs’ 21st National Conference on Provincial Affairs

Read more

December 15, 2023

Memorandum of understanding signing ceremony on enhancing the regulatory environment and healthcare access towards promoting technological advancements in the medical device sector

Read more

December 15, 2023

[Sector Committee Spotlight] Mobility Sector Committee

Read more

December 15, 2023

EuroCham’s mission to Da Nang: strengthening ties and showcasing investment potential in Central Vietnam

Read more

December 14, 2023

[CORPORATE PARTNER] BASF launches Irgastab® PUR 71, a cutting-edge antioxidant improving regulatory compliance and performance for polyols and polyurethane foams

Read more

December 08, 2023

[CORPORATE PARTNERS] BASF engages young minds in chemistry with two new Virtual Lab experiments in Vietnamese

Read more

December 08, 2023

[Event Recap][Breakfast talk] EuroCham Construction Sector Committee’s Successful HCMC Breakfast Talk on Designing with AI!

Read more

Pour une expérience optimale, veuillez tenir votre mobile à la verticale !

Platinum Partners

Gold Premium Partners

Gold Partners

Silver Partners

Premium Service Partners