Mr. Basf's project was officially approved
Mr. Basf's project was officially approved
After a lot of efforts, the joint venture of maoming basf is officially approved by guangdong provincial foreign trade and economic bureau. This marks the beginning of the substantive construction phase of the basf project. The world's top 500 German basf is the world's largest chemical company. The group after a detailed market research and scientific analysis, on July 30, 2012 and maoming petrochemical, signed the cooperation memorandum, with 50% : 50% proportions of contribution to a joint venture, use of maoming branch carbon four, synthetic gas and hydrogen gas as raw material, adopts the basf patent technology, the construction of a 180000 tons/year nonyl alcohol (INA) device, is located in maoming new and high technology industries development zones. On August 12, 2013, maoming and basf were in Beijing to sign a series of important cooperation documents, such as joint venture contract and articles of association. At present, the preparatory work of the project is proceeding in an orderly manner. In order to accelerate the project construction, our city leaders and relevant departments attach great importance to assisting the project. The foreign economic and trade bureau of the city is actively reporting to the provincial economic and trade department and establishing a higher level of support for the joint venture. By the foreign trade and economic cooperation of guangdong province hall approval, eventually determine the project total investment is RMB 1.7990014 billion, registered capital is 599.68 million yuan RMB, the foreign capital contribution of 299.84 million yuan, 50% of the registered capital. Basf project is a major breakthrough in attracting investment and utilizing foreign capital in our city, which is of landmark significance for the development of maoming chemical industry.
