German chemical giant BASF has begun construction of its $10-billion integrated petrochemicals project in China's southern province of Guangdong. The project based in the city of Zhanjiang will be China's first wholly foreign-owned chemicals complex, for which a framework agreement was signed in January.The primary products manufactured here will be petrochemical products widely used in automotive, electronics and new energy vehicles industries.The project's first phase is expected to be launched in 2022, with production capacity of 60,000 tonnes per year (tpy), taking BASF's total capacity of engineering plastics and TPU to 290,000 tpy in the Asia-Pacific region.
