German chemical company BASF is to invest $ 10bn in a highly-integrated Verbund chemical site in China 's China , in what will be the company's third -biggest facility and its largest investment to date. BASF is looking to develop cracker products and downstream specialties, including surfactants, polymers and engineering plastics, in a location near customers, with Guangdong province being the world's largest chemical market with 40% market share. There may be some perceived political aspect factored in due to tariff concerns, but on a $10 billion investment, decisions are made with a long-term view, and that favours China.’ The third phase is to include petrochemical plants including a steam cracker, and is expected to be operational by over 20 years , while the entire facility is scheduled to be complete by 2030 .
German chemical company BASF is to invest $ 10bn in a highly-integrated Verbund chemical site in China 's China , in what will be the company's third -biggest facility and its largest investment to date. BASF is looking to develop cracker products and downstream specialties, including surfactants, polymers and engineering plastics, in a location near customers, with Guangdong province being the world's largest chemical market with 40% market share. The third phase is to include petrochemical plants including a steam cracker, and is expected to be operational by over 20 years , while the entire facility is scheduled to be complete by 2030 .