BASF-YPC Co., Ltd., a 50:50 joint venture between BASF and Asian top refiner Sinopec Corp. (SNP.NYSE; 00386.HK; 600028.SH), Thursday put a 40,000-tonne/year neopentyl glycol facility into operation, said a report by Nanjing Daily on Friday.
The new facility is designed to meet global market demand for neopentyl glycol especially from Asia and Pacific. BASF-YPC Co. announced plan to build the facility in May 2014 and to commission the facility in the end of 2015.
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