Eight Directions Technology Limited Announces Entering into an Agreement and Plan of Merger with Quartzsea Acquisition Corporation
Quartzsea Acquisition Corporation→Eight Directions Technology Limited
May 14, 2026

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BASF has launched operations at its Zhanjiang, Guangdong production base, described as its largest overseas investment to date. The project required a total outlay of €8.7 billion (US$10 billion) and is BASF’s first wholly foreign-owned large-scale Verbund site in China.
The complex is designed to run entirely on renewable electricity and integrates plants, energy use, and materials to maximize efficiency and minimize waste. At launch, BASF brought 18 plants and 32 production lines into operation, producing more than 70 product types spanning basic chemicals, intermediates, and specialty chemicals for industries including transport, consumer goods, electronics, and home and personal care.
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