BASF, ENN sign 15-yer natural gas supply contract for Zhanjiang Verbund site

BASF, ENN sign 15-yer natural gas supply contract for Zhanjiang Verbund site

The Zhanjiang Verbund site will be BASF’s largest investment to date with around €10 billion upon completion

  • By ICN Bureau | April 05, 2024

BASF has signed a 15-year contract with ENN Energy to purchase natural gas for its Zhanjiang Verbund site recently.

Following the contract, ENN Energy will invest in the construction of the needed supporting natural gas gate stations and pipelines so as to ensure a stable natural gas supply to BASF's Zhanjiang Verbund site. It will also further enhance the clean energy supply capabilities of Donghai Island in the Zhanjiang area.

"This is a crucial milestone for BASF to secure one of the essential energies required for our Zhanjiang Verbund site. As one of the important fuels and raw material sources, natural gas plays a significant role in the energy and raw material balance for BASF’s Zhanjiang Verbund site in both its construction phase and operation phase,” said Marko Murtonen, Senior Vice President, New Verbund Site China, BASF & General Manager, BASF Integrated Site (Guangdong) Co. Ltd.

"We are delighted to successfully establish this long-term partnership with ENN Energy. BASF is dedicated to building our Zhanjiang Verbund site as a role model of sustainable production. We are convinced that this partnership will not only benefit both parties but also contribute to building the Donghai Island into a world-class industrial cluster for a joint sustainable future of Zhanjiang.”

"ENN Energy is committed to being a pioneer in leading digital and intelligent transformation, creating quality life, grounding innovation in the dual-carbon initiative, and serving smart cities. BASF is known as a leading global chemical company at the forefront of the industry in energy utilization and environmental protection. The successful establishment of partnership with BASF represents the outcome of a deep dialogue and joint exploration between the two sides on the path of clean energy and sustainable development,” said Lu Xuesong, Assistant to the President, ENN Energy & General Manager, ENN Energy Guangdong.

"ENN Energy is committed to our partnership with BASF. We are convinced that this partnership will surely facilitate both parties to achieve mutual benefits and joint growth while contributing to China’s low-carbon strategy and making a positive contribution to progress towards the dual-carbon goals."

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