German-owned chemicals giant BASF held a ceremony to open its new, $2.9 billion chemical catalysts manufacturing plant in Shanghai on Thursday. The plant is BASF’s first chemical catalysts production site in the Asia Pacific (APAC) region.
“The start of our new, world-scale production plant for chemical catalysts in Shanghai represents a milestone for our process catalysts business. 60% of the world’s chemical production will happen in Asia by 2020, and more than half of this in China,” Detlef Ruff, senior vice president of BASF’s Process Catalysts unit, said in a statement.
Located in the Shanghai Chemical Industry Park (SCIP) in Caojing, the plant will manufacture base metal catalysts and absorbents for use by chemical producers in China and throughout the APAC region.
“Local production will significantly help us strengthen our relationships with customers from the chemical industry in Asia and further enhancing the customer experience with improved product availability and shortened lead times,” said Ruff. “In combination with the BASF Innovation Campus Asia Pacific in Shanghai, we can now offer our customers regional specific development and production of the latest catalyst technologies.”
BASF’s Process Catalyst R&D Center in the Shanghai Innovation Campus will work on the development of new process catalysts to meet the specific needs of customers in Asia.
The site will use automated and advanced technology to produce products like fatty alcohols, styrene, and butanediol.