Technip-Coflexip has been awarded a contract by the BASF-YPC joint venture for a Syngas Plant to be located in Nanjing, PRC. The investment is valued at about 60 million euros. The syngas plant will produce oxo-syngas, carbon monoxide and hydrogen, with steam as by-product. The products from the syngas plant will be used as feedstocks for various downstream consumers in the complex. The work will be carried out by Technip-Coflexip’s engineering centers in The Netherlands and in China. The syngas plant will be ready for production in November 2004.
BASF-YPC Company Limited is a 50/50 joint venture between the chemical company BASF and SINOPEC (China Petrochemical Corporation) with a total investment amounting to USD 2.9 billion, and is to build and operate a world scale integrated petrochemical site in Nanjing. The integrated site is expected to be fully functional in 2005. The project, which includes a 600,000 metric tons per year steam-cracker and 9 downstream plants, is among the largest Sino-foreign petrochemical enterprises in China.
