BASF explored new investment in China together with its local partner Sinopec. The chemical company is looking for a production of the plasticizer isononanol (INA) in Southern China. Both companies are eyeing the feasibility of a world-scale plant for production of INA in a new joint venture expected to be completed by end of 2012.
BASF has yet to announce any CAPEX figures. The company has yet to make any other investment of INA outside its INA complex in Ludwigshafen, Germany. Currently Evonik is the number two manufacturer of INA in Europe and worldwide with capacity of 340 ktpa INA in Marl. Exxon is the leading manufacturer of INA.
BASF is also in a planning for a world-scale plant in Malaysia, together with Petronas. This will leapfrog BASF against Evonik to be the number one INA supplier in the world.
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Energy singularity means a point where our source of energy is almost infinite, coming from the renewable sources and completely accessible to everyone on the planet.
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