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CompANy NEws



          BASF’s China  Verbund gets                             Polymer trader takes  Total

          underway                                               Corbion PLA to Turkey


             ASF has launched its smart Verbund project in Zhanjiang,   otal  Corbion  PLA  has  appointed  polymer  trading
          BGuangdong province, China, and commenced building     Tcompany Kumru Kimya as a non-exclusive agent in
          its first plants. It marks a milestone of the company’s   Turkey for its Luminy PLA portfolio. Kumru Kimya is a
          US$10 billion investment project announced in July 2018.   biopolymer trading partner in the Turkish market and
          The  first  plants  will  produce  engineering  plastics  and   general manager Mert Kumru believes that the portfolio
          thermoplastic polyurethane (TPU) to serve the increasing   will be an important asset in an era of the circular
                                                                 economy. This collaboration allows the Turkish market
                                                                 to gain better access to the benefits of PLA bioplastics.
                                                                 Kumru Kimya is a biopolymer trading partner in the
                                                                 Turkish  market,  and  for  almost  a  decade  has  been
                                                                 servicing companies interested in sustainable polymer
                                                                 solutions. General Manager Mert Kumru said: “Total
                                                                 Corbion PLA’s product portfolio will be an important
                                                                 asset in our overall product offering, especially during
                                                                 this era in which the circular economy becomes the
                                                                 ultimate path forward in the plastic industry. The
                                                                 quality and versatility of the Luminy PLA portfolio will
                                                                 help us to unlock various new products and applications
                                                                 where biobased and/or compostable solutions are
                                                                 required.”  “The quality and versatility of the Luminy
                                                                 PLA portfolio will help us to unlock various new products
          needs of various growth industries in the southern China   and applications where bio-based and/or compostable
          market and throughout Asia.“We are pleased to see our   solutions are required,” said Kumru. “We are delighted
          mega-investment project in China is progressing,” said Dr   that Kumru Kimya will be our representative in Turkey,”
          Martin Brudermüller, chairman of the board of executive   added Hugo Vuurens, senior business director for
          directors  at  BASF.  “We  are  determined  to  support  our
          customers in southern China drive growth with innovative
          products  and  sustainable  solutions.”  “Zhanjiang  is  a
          perfect location for BASF to further strengthen our
          footprint of local production in China,” said Dr Stephan
          Kothrade,  president  of Asia  Pacific  Functions,  and
          president and chairman for Greater China at BASF. BASF
          signed the first Memorandum of Understanding for the
          Verbund site with the Guangdong Provincial Government
          in Berlin, Germany, in July 2018. In January 2019, the
          company signed a Framework Agreement setting out
          further details of the plan. The Verbund site in Guangdong
          would be BASF’s largest investment.  The first plant   EMEA at Total Corbion PLA. “Turkey is an important
          producing engineering plastics compounds is expected   manufacturing base for many plastics products with
          to be operational by 2022, and the whole Verbund site is   over 7,000 known converters and much innovation
          planned to be completed by 2030. The BASF project will   is taking place there. Our cooperation with Kumru
          include petrochemical plants, while a steam cracker with   Kimya  will  significantly  contribute  to  understanding
          a planned capacity of one million tonnes of ethylene per   and meeting the fast rising demand for biopolymers
          year would be the starting point of the value chains at   in Turkey.”
          the new integrated site.

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