Yangba, China's largest Sino-German project producing petrochemical products, went into production last week in Nanjing, east China's Jiangsu Province.
The project is jointly funded by the world's chemical giant BASF and China's leading oil producer Sinopec, costing some 2.9 billion US dollars. BASF funds make up 50 percent of the project.
Also China's largest joint venture, the project uses the world's most advanced technology and equipment in the field to reach the goal of producing two million tons of high-quality petrochemical products a year.
The project will help to satisfy the demand on China's domestic market for petrochemical products.
(eastday.com 10/01/2001)
