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German chemical giant sets up Chongqing base

German chemical giant sets up Chongqing base

Write: Nandini [2011-05-20]

CHONGQING (CQNEWS) Chongqing MDI project with an investment of 35 billion yuan by Chongqing Chemical & Pharmaceutical Group and German BASF was put into construction in Chongqing's Changshou Economy & Technology Development Zone. The project to be put into production in 2014 will realize the annual output value of 50 billion yuan, drive the newly-increased output value of 200 billion yuan for the upstream and downstream industries and provide over 10,000 jobs.

The project can realize energy-saving, emission reduction, and environmental comprehensive treatment via the comprehensive utilization of raw material and waste.

The German government sends a congratulatory letter which says Chongqing MDI project, the biggest German investment project in west China, is provided with the environmental technology up to the highest standard in the world. (Translated by Sun Hongxia, Fathom Language Limited)