BASF scoops second China chemicals deal in four months

MOSCOW (MRC) -- Chemical giant BASF said on Monday it had signed a memorandum of understanding (MoU) with China's Sinopec Corp to build a steam cracker in east China, the second major investment pledged by the German firm in four months, as per Reuters.China, the world's top chemicals consumer, is allowing greater access by global majors and local independents to its massive chemicals mar

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