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On August 5, SINOPEC and BASF announced that their joint venture, Yangzi Petrochemicals and BASF Co., Ltd. will expand its integrated production base in Nanjing, According to the sinopec press office.
The expansion includes capacity for propionic acid (PA), propionaldehyde (PALD), ethylene amine (EEA), ethanolamine (EOA) and refined ethylene oxide (PEO), as well as a new tert-butyl acrylate (TBA) unit.
The TBA facility will be extended downstream using acrylic acid and isobutylene as feedstock from the integrated base, the first time this advanced manufacturing process has been applied outside Germany.
Propionic acid (PA) is a mold inhibitor used to protect food and feed grains.
It has considerable economic and ecological benefits for food and feed grain storage by drying or preserving in airtight silos.
It is also used in the production of pharmaceuticals, crop protectants, solvents and thermoplastics.
Ethanolamine (EOA) and ethanolamine (EEA) are intermediates used in the production of crop protection agents, surfactants for personal and home care products, process chemicals for gas treatment, lubricants and cement additives, paper chemicals, and active pharmaceutical ingredients.
Propional (PALD), as an intermediate, is a key raw material in the production of propionic acid and n-propanol.
It is used mainly in the production of medicines, pesticides, spices and plastics.
Refined ethylene oxide (PEO) is a kind of industrial application raw material, which is often used in the chemical industry synthesis process to manufacture ethanolamine, ethylene glycol ethyl ether and surfactants needed in the production of washing and cleaning products.
Tert-butyl acrylate (TBA) is an acrylate used in the production of polymers and is used as a raw material for synthesis.
As a specialty chemical, it can be used for paper sizing and emulsification applications.
This expansion and new installation will be commissioned in 2023.
It will better meet the needs of special chemicals in the domestic market and promote the rapid development of high-end new materials industry in China.
The new tert-butyl acrylate unit is the first to be built outside Germany using BASF technology.
Tert-butyl acrylate is a very important chemical basic raw material, belongs to special chemicals, with water resistance, oil resistance and other characteristics, can be derived from a variety of polymer formula with good performance, has great potential in chemical modification, widely used in coatings, paper making, synthetic fiber and other fields.
The nanjing integrated production base can provide 3 million tons of high quality chemicals and polymers for the Chinese market every year, which can meet the rapidly growing demand of agriculture, construction, electronics, medicine, health, automotive and chemical industries.
Gu Yuefeng, Chairman of Yangzi Petrochemical and BASF:
Sinopec and BASF have been engaged in in-depth friendly cooperation for a long time, earnestly implementing the relevant requirements of national and local governments to accelerate the transformation and green development of the petrochemical industry, continuously optimizing the industrial structure, and promoting the further extension of the industrial chain downstream.
This expansion will provide more high-end new materials for the domestic market to meet the growing demand of domestic customers and the needs of the development of emerging industries.
Dr. Kevin Cordiven, President and Chairman, BASF Greater China
This integrated base expansion is an important step forward since the signing of a memorandum of cooperation between BASF and SINOPEC in 2018.
Basf will continue to deepen our long-term partnership by introducing world-class technology and taking full advantage of the integrated base.
Yang Sheng, President of BasF:
The introduction of a new tert-butyl ester (TBA) into our product group will further strengthen the market position of YANGtse Petrochemical - BASF.
With a lot of achievements in the past 20 years, we will be able to better meet our customers' growing demand for products by expanding our local production capacity.
It is reported that yangzi Petrochemical and BASF Co., Ltd. was established in 2000. It is an integrated petrochemical production base built by Sinopec and BASF with a 50-50 share ratio of about 5.5 billion US dollars. It is praised as a successful model of sino-German joint venture and cooperation.
The base produces about 3 million tons of high-quality chemicals and polymers every year, achieves sales of about 15.7 billion RMB in 2020, and has 1,968 employees by the end of 2020.
Sinopec is the largest supplier of refined oil and petrochemical products in China, the second largest oil and gas producer, the largest oil refining company and the third largest chemical company in the world, and the second largest total number of gas stations in the world.
The main business includes oil and gas exploration and development, petroleum refining, chemical products production and sales.
With the vision of building a world-leading clean energy chemical company, SINOPEC is implementing a world-leading development strategy and accelerating the construction of an industrial pattern of "one base, two wings and three new developments".
Basf is a German chemical company, whose products include crude oil, natural gas, chemicals, plastics and specialty chemicals, etc. Basf is an important foreign invested enterprise in the chemical industry in China.
The company is committed to creating new roles in chemistry and pursuing a sustainable future, with more than 110,000 employees worldwide.
In 2020, BASF's global sales will be about 59 billion euros.
Source: Sinopec
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1. Controllers of Personal Information
Polynk.com, no 91320481MA215T1W6Q, is responsible for the processing of your personal data. The following is Polynk.com’s contact information: Telephone number: +86 0519 87108958, Address: Room 504, No.85 Shangshang Road, Kunlun Street, Liyang City, Jiangsu Province, China, PR (together "Polynk.com") are data controllers of personal information collected and processed through Polynk.com Services. Details can be found here.
2. What Personal Information About Customers Does Polynk.com Collect?
We collect your personal information in order to provide and continually improve our products and services.
Here are the types of personal information we collect:
.Information you give us: The personal data we process about you are your IP address, your preferences and your activities on our webpage. The cookies collecting information about use of our website collect information in an anonymous form, including the number of visitors to the website, which country the internet connection is from, which web browser and version is used and the title on the pages they visited. If you play a video on our webpage, YouTube might save cookies on your computer depending on your settings. Please review YouTube’s Privacy policy for further information. If you do not want YouTube to save cookies on your computer, do not play any videos on our webpage since YouTube operates these videos. When you accept cookies on your computer you will provide us with your information. If you do not want cookies to be saved on the computer, you can prevent this by not accepting cookies to be saved on your computer. Please note, that if you deny functional cookies the webpage will have limited function.
3. For What Purposes Does Polynk.com Process Your Personal Information?
We process your personal information to operate, provide, and improve Polynk.com that we offer our customers. These purposes include:
Purchase and delivery of products and services. We use your personal information to take and handle orders, deliver products and services, process payments, and communicate with you about orders, products and services, and promotional offers. Provide, troubleshoot, and improve Polynk.com. We use your personal information to provide functionality, analyse performance, fix errors, and improve usability and effectiveness. Recommendations and personalisation. We use your personal information to recommend features, products, and services that might be of interest to you, identify your preferences, and personalise your experience with Polynk.com. Comply with legal obligations. In certain cases, we collect and use your personal information to comply with laws. For instance, we collect from sellers information regarding place of establishment and bank account information for identity verification and other purposes. Communicate with you. We use your personal information to communicate with you in relation to Polynk.com services via different channels (e.g., by phone, email, chat). Advertising. We use your personal information to display interest-based ads for features, products, and services that might be of interest to you. Fraud prevention and credit risks. We process personal information to prevent and detect fraud and abuse in order to protect the security of our customers, Polynk.com, and others. We may also use scoring methods to assess and manage credit risks. Purposes for which we seek your consent. We may also ask for your consent to process your personal information for a specific purpose that we communicate to you. When you consent to our processing your personal information for a specified purpose, you may withdraw your consent at any time and we will stop processing of your data for that purpose.
4. What About Cookies and Other Identifiers?
We use cookies and similar tools to enhance your shopping experience, provide our services, understand how customers use our services so we can make improvements, and display ads. Approved third parties also use these tools in connection with our display of ads. To enable our systems to recognise your browser or device and to provide Polynk.com Services to you, we use cookies. For more information about cookies and how we use them, please read our Cookies Notice.
5. Does Polynk.com Share Your Personal Information?
Information about our customers is an important part of our business and we are not in the business of selling our customers' personal information to others. Polynk.com shares customers' personal information only as described below and with Polynk.com. controls that are either subject to this Privacy Notice or follow practices at least as protective as those described in this Privacy Notice.
Transactions involving third parties: We make available to you services, products, applications, or skills provided by third parties for use on or through Polynk.com Services. For example, you can order products from third parties through our stores. We also offer services or sell product lines jointly with third-party businesses. You can tell when a third party is involved in your transactions and we share customer personal information related to those transactions with that third party. Third party service providers: We employ other companies and individuals to perform functions on our behalf. Examples include fulfilling orders for products or services, delivering packages, sending postal mail and e-mail, removing repetitive information from customer lists, analysing data, providing marketing assistance, providing search results and links (including paid listings and links), processing payments, transmitting content, assessing and managing credit risk, and providing customer service. These third-party service providers have access to personal information needed to perform their functions, but may not use it for other purposes. Further, they must process the personal information in accordance with this Privacy Notice and as permitted by applicable data protection laws. Business transfers: As we continue to develop our business, we might sell or buy other businesses or services. In such transactions, customer information generally is one of the transferred business assets but remains subject to the promises made in any pre-existing Privacy Notice (unless, of course, the customer consents otherwise). Also, in the unlikely event that Polynk.com. or substantially all of its assets are acquired, customer information will of course be one of the transferred assets. Protection of Polynk.com: We release account and other personal information when we believe release is appropriate to comply with the law; enforce or apply our Conditions of Use and other agreements; or protect the rights, property or safety of Polynk.com, our users or others. This includes exchanging information with other companies and organisations for fraud protection and credit risk reduction. Other than as set out above, you will receive notice when personal information about you might be shared with third parties and you will have an opportunity to choose not to share the information.
Transfers out of the European Economic Area and the UK. Whenever we transfer personal information to countries outside of the European Economic Area or the UK, we ensure that the information is transferred in accordance with this Privacy Notice and as permitted by the applicable laws on data protection. We rely on European Commission adequacy decisions or use contracts with standard safeguards published by the European Commission and similar measures under UK laws for such transfers.
6. How Secure is Information About Me?
We design our systems with your security and privacy in mind.
We work to protect the security of your personal information during transmission by using encryption protocols and software. We follow the Payment Card Industry Data Security Standard (PCI DSS) when handling credit card data. We maintain physical, electronic and procedural safeguards in connection with the collection, storage and disclosure of personal customer information. Our security procedures mean that we may ask you to verify your identity before we disclose personal information to you. Our devices offer security features to protect them against unauthorised access and loss of data. You can control these features and configure them based on your needs. It is important for you to protect against unauthorised access to your password and to your computers, devices, and applications. We recommend using a unique password for your Polynk account that is not utilized for other online accounts. Be sure to sign off when you finish using a shared computer.
7. What About Advertising?
Third-party advertisers and links to other websites: Polynk.com Services may include third-party advertising and links to other websites. Third party advertising partners may collect information about you when you interact with their content, advertising, and services. Use of third-party advertising services: We provide ad companies with information that allows them to serve you with more useful and relevant Polynk.com ads and to measure their effectiveness. We never share your name or other information that directly identifies you when we do this.
8. What Information Can I Access?
You can access your information, including your name, address, payment options, profile information, membership, and purchase history in the "My Polynk" section of the website.
9. How Long Do We Keep Your Personal Information?
Your personal data will be sorted out/erased according to the following: Functional cookies will be erased when the web browser is closed. Preference cookies will be erased after 100 days. Analytic cookies will be erased after two years.
10. What rights do I have?
Right to access to your personal data You are entitled to request information about which personal data we process about you and how the personal data is being processed. You also have the right to request a copy of the personal data we process about you. Right to rectification If you consider your personal data that Polynk.com process to be inaccurate, e.g. information concerning your name or address, you have the right to get the inaccurate information corrected and to get the incomplete information completed by providing us with the correct information. Right to erasure You have the right to request that your personal data is erased, e.g. if the processing is no longer relevant in relation to the purpose the information was collected for or if you recall your consent to the processing and there are no other legal ground for the process. Right to limitation of processing You have the right to request limitation of the processing of your personal data, with the exception for storage. Limitation of processing can be requested for example if you object to the accuracy of the personal data or if you consider the processing of your personal data to be unlawful. Right to objection You have the right to object at any time concerning the processing of your personal data in accordance with article 6.1 (e) or (f) (legitimate interest) GDPR, including profiling based on those provisions. Where personal data are processed for direct marketing purposes, you have the right to object at any time to processing of personal data concerning such marketing, which includes profiling to the extent that it is related to such direct marketing. Right to data portability You have the right to obtain the personal data you have provided us with in a structured, commonly used and machine-readable format and have these transmitted to another controller, provided that the process is automatized and that the process is based on a consent or an agreement.
11. EU General Data Protection Regulation and UK Data Protection Laws - Legal Basis
The EU GDPR and UK data protection laws require a legal basis for our use of personal information. Our basis varies depending on the specific purpose for which we use personal information. We use:
Performance of a contract when we provide you with products or services, or communicate with you about them. This includes when we use your personal information to take and handle orders, deliver products and services, and process payments.
Our legitimate business interests and the interests of our customers when we improve Polynk.om services (including when we use your voice, video, or camera input to improve services), when we detect and prevent fraud and abuse in order to protect the security of our customers, ourselves, or others, and when we provide you with interest-based advertising.
Your consent when we ask for your consent to process your personal information for a specific purpose that we communicate to you. When you consent to our processing your personal information for a specified purpose, you may withdraw your consent at any time and we will stop processing of your data for that purpose.
Compliance with a legal obligation when we use your personal information to comply with laws. For instance, we collect seller place of establishment and bank account information for identity verification purposes.
These and other legal bases depending on the purpose for which we use personal information.
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Cookie Policy/Introduction
Why do we have a privacy policy?
Polynk.com (“we”) care about your privacy. Therefore, we always strive to protect your personal data in the best possible way and to comply with all applicable laws and regulations for the protection of personal data. In this policy, we want to inform you about how we collect and process your personal data in accordance with the EU regulation 2016/679 (“GDPR”) to guarantee an open and transparent processing of your personal data.
Who is responsible for your personal data?
Polynk.com, no 91320481MA215T1W6Q, is responsible for the processing of your personal data. The following is Polynk.com’s contact information: Telephone number: +86 0519 87108958 Address: Room 504, No.85 Shangshang Road, Kunlun Street, Liyang City, Jiangsu Province, China, PR
What personal data do we process?
Polynk.com process information about you when you use Polynk.com’s webpage by saving cookies on your computer. The personal data we process about you are your IP address, your preferences and your activities on our webpage. The cookies collecting information about use of our website collect information in an anonymous form, including the number of visitors to the website, which country the internet connection is from, which web browser and version is used and the title on the pages they visited. If you play a video on our webpage, YouTube might save cookies on your computer depending on your settings. Please review YouTube’s Privacy policy for further information. If you do not want YouTube to save cookies on your computer, do not play any videos on our webpage since YouTube operates these videos. When you accept cookies on your computer you will provide us with your information. If you do not want cookies to be saved on the computer, you can prevent this by not accepting cookies to be saved on your computer. Please note, that if you deny functional cookies the webpage will have limited function.
For what purpose do we process your personal data?
We process your personal data to be able to offer a functional webpage. These functional cookies are essential for your use of the webpage’s features. We also process information about your activities on our webpage over time for non-advertising purposes such as improving the site functionality, the website experience and to improve the website. We also process your personal data to help us remember your preferences such as language or location to create a better experience when visiting the webpage. Who has access to your personal data. As a starting point, your personal data will only be processed by Polynk.com. Our IT suppliers might get access to the personal data and other information when developing and supporting our IT system. These IT supporters only process personal data on our behalf and never on their own behalf.
On what legal ground do we process your personal data?
The legal ground for Polynk.com’s processing of your personal data by saving cookies on your computer is Polynk.com’s legitimate interest under, under article 6.1 (f) GDPR, to process your personal data in order allow you to navigate the site, use our features and for us to remember your preferences (functional and preference cookies). Analytic cookies are processed so that we can improve the webpage’s functionality and the website experience. You can always deny these cookies if you do not want us to save these on your computer.
For how long will we process and store your personal data?
Your personal data will be sorted out/erased according to the following: Functional cookies will be erased when the web browser is closed. Preference cookies will be erased after 100 days. Analytic cookies will be erased after two years.
Transfer of personal data to third countries
As a general principle, Polynk.com only processes your personal data within the EU/EEA. If your personal data would processed outside the EU/EEA, then we will make sure that such processing is either based on a decision from the Commission establishing that the country in question ensures an adequate level of protection or appropriate safeguards that ensure that your rights are protected or based on another ground for such transfer in accordance with GDPR.
Your rights
Right to access to your personal data
You are entitled to request information about which personal data we process about you and how the personal data is being processed. You also have the right to request a copy of the personal data we process about you.
Right to rectification
If you consider your personal data that Polynk.com process to be inaccurate, e.g. information concerning your name or address, you have the right to get the inaccurate information corrected and to get the incomplete information completed by providing us with the correct information.
Right to erasure
You have the right to request that your personal data is erased, e.g. if the processing is no longer relevant in relation to the purpose the information was collected for or if you recall your consent to the processing and there are no other legal ground for the process.
Right to limitation of processing
You have the right to request limitation of the processing of your personal data, with the exception for storage. Limitation of processing can be requested for example if you object to the accuracy of the personal data or if you consider the processing of your personal data to be unlawful.
Right to objection
You have the right to object at any time concerning the processing of your personal data in accordance with article 6.1 (e) or (f) (legitimate interest) GDPR, including profiling based on those provisions. Where personal data are processed for direct marketing purposes, you have the right to object at any time to processing of personal data concerning such marketing, which includes profiling to the extent that it is related to such direct marketing.
Right to data portability
You have the right to obtain the personal data you have provided us with in a structured, commonly used and machine-readable format and have these transmitted to another controller, provided that the process is automatized and that the process is based on a consent or an agreement.
Changes in this policy
Polynk.com is entitled to amend this policy at any time if it is necessary to fulfill the requirements according to applicable laws and regulations or if it is necessary due to changes in Polynk.com operations. In such a situation, Polynk.com will provide information concerning the changes according to applicable law. Applicable information will be available in this privacy policy, on the website of Polynk.com and/or provided in other appropriate ways.
Observance of GDPR
Do not hesitate to contact Polynk.com if you, for any reason, feel unhappy about our processing of your personal data. If you would still be of the opinion that your rights, according to GDPR, have not been satisfied you have the right to send a complaint to the regulatory authority. You will find more information concerning this on www.datainspektionen.se.
Our contact details
If you would like to contact us concerning our processing of your personal data or if you have questions concerning this privacy policy, you are welcome to contact us on gfy@polynk.com. Copyright (©) 2021 Polynk.com
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