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BASF-YPC shuts PS unit in Jiangsu for maintenance

May 21/2020

MOSCOW (MRC) -- BASF-YPC (BASF-Yangzi Petrochemical) ,a 50-50 joint venture of BASF and Sinopec, has undertaken a planned shutdown at its polystyrene (PS) unit, according to Apic-online.

A Polymerupdate source in China informed that , the company has started a turnaround at the unit on May 5, 2020. The unit is expected to restart on June 20, 2020.

Located in Jiangsu, China, the PS unit a production capacity of 200,000 mt/year.

According to MRC's ScanPlast report, March 2020 estimated consumption of PS and styrene plastics dropped by 2% year on year, totalling 42,130 tonnes. The estimated consumption totalled 121,880 tonnes in the first three months of 2020, down by 2% year on year. Overall, Russian plants produced 42,790 tonnes in March 2020. Overall output of high impact polystyrene (HIPS) and general purpose polystyrene (GPPS) totalled 32,100 tonnes in March 2020. 98,390 tonnes of HIPS and GPPS were produced in January-March 2020. The decrease in Russian plants' output was 3%.

Yangzi Petrochemical - BASF Co., Ltd. is an enterprise located in China, with the main office in Nanjing. The enterprise currently operates in the Basic Chemical Manufacturing sector. It was established on December 04, 2000. There are currently 1,894 (2018) people employed by Yangzi Petrochemical - BASF Co., Ltd.. In 2018, the company reported a net sales revenue increase of 2.5%. Over the same period, its total assets decreased by 3.89%. The net profit margin of Yangzi Petrochemical - BASF Co., Ltd. decreased by 3.59% in 2018.


mrcplast.com
Author:Margaret Volkova
Tags:PS, GPPS, styrene, HIPS, BASF, Sinopec, China, Rossiya.
Category:General News
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