# BASF launches $10B smart Verbund project in Zhanjiang, China

BASF has officially launched its largest-ever investment project, the BASF smart Verbund project in Zhanjiang, Guangdong, China, with financing estimated up to US$10 billion. Initial plants for engineering plastics and TPU are expected to go into production by 2022, with the full site completed by 2030.

- Type: New facility
- Announced: 2020-04-16
- Where: Zhanjiang, Guangdong, China
- Value: $10.0B
- Starts operating: 2022
- Status: announced
- Capacity: 60,000 tonnes per year engineering plastics (by 2022)
- Products: engineering plastics, thermoplastic polyurethane (TPU)
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [BASF](https://endata.com/companies/298.md)

## Sources

- [echemi.com](https://www.echemi.com/cms/100138.html), 2020-04-16: "German chemical giant BASF on Saturday officially launched its largest-ever investment project, with financing estimated to reach up to US$10 billion upon completion, in south China's Guangdong province."
- [basf.com](https://www.basf.com/au/en/media/news-releases/global/2020/05/basf_started_piling_of_the_first_plants_of_its_smart_Verbund_project_Zhanjiang), 2020-05-29: "We are confident to bring the first batch of 'Made in Zhanjiang' products to the market by the end of 2022 as planned."
- [basf.com](https://www.basf.com/cn/en/media/news-releases/global/2020/05/basf_started_piling_of_the_first_plants_of_its_smart_Verbund_project_Zhanjiang), 2020-05-29: "We are confident to bring the first batch of 'Made in Zhanjiang' products to the market by the end of 2022 as planned."
- [basf.com](https://www.basf.com/kr/en/media/news-releases/global/2020/05/basf_started_piling_of_the_first_plants_of_its_smart_Verbund_project_Zhanjiang), 2020-05-29: "We are confident to bring the first batch of 'Made in Zhanjiang' products to the market by the end of 2022 as planned."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.