The total investment of the project will reach 10 billion euros by 2030, and after completion, it will become BASF's third integrated production base in the world, which will promote the Zhanjiang petrochemical industry cluster to "world-class".
The first units of the BASF Zhan Jiang Verbund Site will be built in 2020. In July 2022, BASF Europe made the final investment decision and announced the comprehensive promotion of the Zhanjiang Verbund site. This phase will focus on the construction of the core of the integrated site, including a steam cracker and several downstream units, and is scheduled to start up by the end of 2025, further supporting BASF's continued business growth in China. Subsequent phases of the project will see the expansion of more downstream units for the production of diversified products, with plans to begin operations in 2028.