中國政府于2009年7月1日批準了中國石化與巴斯夫提交的關于擴建其合資公司 -- 位于南京的揚子石化－巴斯夫有限責任公司的聯合可行性研究報告。
中國石化與巴斯夫將共同投資約14 億美元并采用先進技術為中國市場生產下游特種化學品，這些化學品將主要服務于建筑、電子、制藥、汽車及化學品制造業等多個行業領域。
這一投資包括擴大現有的蒸汽裂解裝置產能、新建10套化學品裝置及擴建3套現有裝置。通過拓寬產品范圍，充分發揮一體化優勢，提升合資公司的市場競爭力。
中國石化總裁王天普表示：“擴建項目符合中國石化產業振興規劃，將提高揚子石化－巴斯夫有限責任公司的一體化程度，拓寬南京生產基地下游產品的范圍，滿足華東地區日益增長的需求，促進中國石化產業的升級，將使該合資公司躋身中石化集團最具競爭力的生產基地行列。”
負責亞太區業務的巴斯夫執行董事會成員薄睦樂博士表示：“合資公司投產四年的成功運營表明，緊密合作符合雙方的利益。揚子石化－巴斯夫有限責任公司的擴建顯示了我們對中國市場的發展充滿信心。這一投資項目是我們在合作發展上取得的又一個里程碑，體現了巴斯夫對中國的長期承諾，將進一步增強我們的競爭優勢。這些裝置生產的產品將幫助我們在中國的客戶，使他們所在的行業、他們的業務和家庭更加節能環保。”
最終獲批的項目范圍包括：
擴能現有的蒸汽裂解裝置，乙烯年產量達到74萬噸
開發一體化環氧乙烷衍生物的價值鏈，包括：
擴建現有的環氧乙烷裝置及新建一套精制環氧乙烷裝置
發展環氧乙烷衍生物，包括新建一套乙二醇丁醚裝置、一套非離子表面活性劑裝置，一套醇胺聯合裝置，用于生產乙醇胺、乙烯胺及二甲基乙醇胺，以及新建一套DMA3裝置
拓展丙烯酸酯類價值鏈，新建一套超吸水材料SAP裝置
擴建現有的丙酸和丙醛裝置
擴建現有的丁辛醇-碳4 裝置
建設一套一體化碳4聯合裝置，包括一套丁二烯抽提裝置、一套 2-丙基庚醇（2-PH）裝置、 一套異丁烯抽提裝置，以及一套高活性聚異丁烯裝置。
擴建項目的設計工作已全面展開。同時利用2010年實施的常規裂解裝置大修為擴建項目與現有裝置進行連接。擴建和新建裝置將分步開車，整個擴建項目工程將于2011年開始投入運營。
兩家公司還同意將雙方另一家合資企業揚子巴斯夫苯乙烯系列有限公司合并到揚子石化－巴斯夫有限責任公司，以提高效率，充分發揮協同效應。揚子巴斯夫苯乙烯系列有限公司生產苯乙烯單體、聚苯乙烯及發泡聚苯乙烯。
關于揚子石化—巴斯夫有限責任公司
揚子石化—巴斯夫有限責任公司是中國石化和巴斯夫于2000年以50：50的股比共同出資建立的合資企業，總投資約29億美元。該生產基地位于江蘇省南京市，于2001年9月28日破土動工。揚子石化—巴斯夫有限責任公司的蒸汽裂解裝置和9個下游裝置于2005年6月成功投入商業生產。這些裝置彼此連接，以最有效的方式利用產品、副產品和能源，以支持公司可持續發展的目標。該基地每年生產高品質化學品和聚合物，以滿足迅速發展的中國市場的需要。該基地還擁有一個燃氣發電站以及長江支流上的一個國際碼頭，以保證能源供應以及物流最優化。
附英文版：
Chinese government approves expansion of Nanjing joint venture chemical site by BASF and SINOPEC
Joint investment of $1.4 billion
Expansion to be operational from 2011 onwards
Beijing, China – July 7, 2009 – The Chinese central government has approved the Joint Feasibility Study Report submitted by BASF and SINOPEC for the expansion of their joint venture, BASF-YPC Co., Ltd. (BYC), in Nanjing, China, as of July 1, 2009.
BASF and Sinopec will jointly invest approximately $1.4 billion in state-of-the-art technologies to produce downstream specialty chemicals for the Chinese market, serving multiple industries such as construction, electronics, pharmaceutical, automotive and chemical manufacturing.
The investment, which includes the expansion of the existing steam cracker, the construction of ten new chemical plants, and the expansion of three existing plants, will strengthen the market competitiveness of the joint venture by broadening the product scope and further leveraging the advantages of the integration.
Dr. Martin Brudermüller, member of the Board of Executive Directors of BASF SE responsible for Asia Pacific, said, “The economically successful operation of the joint venture over the four years since startup has shown that close cooperation benefits both parties. The expansion of BYC underscores our strong belief in the growth opportunities of the Chinese market and is another milestone in cooperative development. At the same time, it demonstrates BASF’s long-term commitment to China and will further expand our competitive advantage. With the products from our plants, we will be able to help our customers in China make their industries, businesses and homes more energy efficient.”
Mr. Wang Tianpu, President of Sinopec, said, “The expansion conforms with China’s revitalization plan for the petrochemical industry, fosters the integration of BYC, broadens the portfolio of downstream products in Nanjing, meets the increasing demands in the East China region, and promotes the upgrading of China’s petrochemical industry. With this step, BYC will be among the most competitive sites of Sinopec operations.”
The final approved project scope includes the following:
• The expansion of the existing steam cracker to a total of 740,000 metric tons per year of ethylene
• The development of an integrated ethylene oxide (EO) derivatives value chain, including:
• The expansion of the existing EO plant and the construction of a new EO purification unit
• The construction of EO derivatives plants, including a new butyl glycol ether plant, a new non-ionic surfactants plant, and a new amines complex for the production of ethanolamines, ethyleneamines and dimethylethanolamine, and the construction of a new DMA3 plant
• The extension of the acrylics value chain with the construction of a new super-absorbent polymer (SAP) plant
• The expansion of the existing propionic acid and aldehyde plants
• The expansion of the existing oxo-C4 plant
• The development of an integrated C4 complex, including a butadiene extraction plant, a 2-propylheptanol plant, an isobutene extraction plant, and a plant for highly reactive polyisobutene.
Engineering work for the expansion is in full swing. The routine cracker turnaround scheduled for 2010 will be used to tie in the expansion modules and integrate the production processes. The startup will take place in a staggered approach and the expansion will be operational from 2011 onwards.
Simultaneously, Yangzi-BASF Styrenics Co., Ltd. (YBS), another joint venture in Nanjing between the two partners, is being merged into BYC to further increase synergies in Nanjing operations. YBS produces styrene monomer, polystyrene and expandable polystyrene.
