BASF to Increase Production Capacity for Synthetic Ester Base Stocks in China
BASF has announced plans to almost double the production capacity for its synthetic ester base stocks at its site in Jinshan, China. According to the company, the investment comes in response to the rising demand for high-performance lubricants in Asia Pacific and further strengthens BASF’s position as a reliable supplier that strongly supports customers’ growth in the region.
“The new production capacity for synthetic ester base stocks will bring additional security of supply for our customers particularly in the Asia Pacific region. Building on our backward integration into key raw materials we will be leveraging the full strength of BASF as a leading and reliable component provider to the lubricant industry,” explains Matthias Lang, vice president, Business Management Fuel and Lubricant Solutions Asia Pacific and Performance Chemicals Greater China.
The capacity expansion is expected to reach full completion by the second half of 2022.