Shanghai, China -- The engineering and construction service contract for BASF's project to build a 400 kilotonnes-per-annum (ktpa) capacity plant to make MDI (methylene diphenyl diisocynate) was signed in mid-May by Wison Engineering, Korean Daelim Industrial Corp. and BASF.
This new project --located in the Chongqing Changshou Economic & Technology Development Area in southwest China -- will have a profound impact on the upgrading of Chongqing's chemical industry and support the development of China's western region, said a Wison statement.
With a total investment of about RMB 8 billion from BASF, one of the world's largest chemical companies. this project will consist of an MDI plant, a nitrobenzene plant and aniline plants formed in the Chongqing Changshou Economic & Technology Development Area. MDI is a component mainly used for production of polyurethane products. Operation is expected to commence in 2014.
Wison Engineering and Daelim Industrial, the leading petrochemical engineering companies from China and Korea respectively, will jointly execute this contract, sharing detailed design, engineering, procurement services and construction management.
Adhering strictly to all relevant national and international regulations, Wison will also form a top-tier project management team to manage the project execution and apply BASF's world-class safety and environmental standards in the project engineering and construction. The project will officially kick off on 1 June in Shanghai.
The three parties took more than a year of preparation for the contract - including qualification review, bidding, technical and commercial clarification - during which, Wison Engineering said, it "contributed significantly with its professional expertise, rich local insights, international background and advanced management practices."
Wison Engineering previously constructed the world's largest ethylene cracking furnace which has a 192 ktpa plant for BASF-YPC (a joint venture of BASF and Sinopec in China).