BASF will deepen its strategic cooperation with domestic professional Po and EO downstream derivatives and polyurethane manufacturer Enoch. The two sides will work together to strengthen cooperation in material innovation and bring more sustainable and innovative solutions to better serve local and overseas customers in China.
On April 15, BASF and innoway announced the upgrading of their strategic cooperation in the form of a "cloud" contract
BASF and Enoch have a history of cooperation for more than ten years. According to the agreement, BASF and Enoch will work together to increase the production of toluene diisocyanate (TDI), diphenylmethane diisocyanate (MDI) and PolyTHF. The two sides will also strengthen cooperation in the field of building materials and specialty chemicals, and further support the development of the two sides in key strategic industries.
MDI and TDI are important raw materials of polyurethane, polyurethane is a kind of plastic material with a wide range of uses. It can improve the heat preservation performance, provide lighter materials for automobile production, and help buildings save energy. BASF PolyTHF? Is not only used to produce high quality elastic fiber, but also a popular polyurethane elastomer material.
Yinuowei, headquartered in Zibo, Shandong Province, is a national high-tech enterprise, as well as a professional manufacturer of propylene oxide (PO) and ethylene oxide (EO) downstream derivatives and polyurethane.
Xu Jun, chairman and general manager of innoway:
"This is a win-win strategy. Combined with BASF's strong R & D strength and our expertise in production, we are looking forward to jointly providing high-quality chemical products to local and overseas customers in the value chain. We will also share our experience in improving operational quality and environmental, health and safety (EHS) practices. "
Dr. Stephan kothrade, President and chairman of BASF Greater China:
BASF has been actively cooperating with customers to develop sustainable solutions for various industries in China. We measure the company's value proposition in the value chain through products and strive to contribute to society. I'm glad BASF and Enoch share the same vision in this regard. This enables us to better serve customers in multiple industries and meet their growing demand for advanced materials. "
About Shandong Yinuowei Polyurethane Co., Ltd
Shandong Yinuowei Polyurethane Co., Ltd. is a professional manufacturer of Po, EO downstream derivatives and polyurethane in China. The national intellectual property demonstration enterprise, the "manufacturing single champion" demonstration enterprise of the Ministry of industry and information technology, and the enterprises listed on the new third board have three production, operation and R & D bases in Zibo High tech Zone, Qilu Chemical Industry Park and Shanghai Jinshan Chemical Industry Park.
As the vice president unit of China Polyurethane Industry Association and the director unit of polyurethane waterproof and pavement materials professional committee, innoway has established a strict quality, safety and environmental management system with the concept of leading the industry's green environmental protection and high-quality development. With postdoctoral workstation, Shanghai enterprise technology center, Shandong Engineering Technology Research Center, we are committed to creating a high-quality, international brand. For more information, visit www.inovpu.com.
About BASF
In BASF, we create a new role in Chemistry - to pursue a sustainable future. We combine economic success, social responsibility and environmental protection. BASF has more than 117000 employees worldwide, contributing to the success of customers in almost all countries and industries. Our products are divided into six business areas: chemicals, materials, industrial solutions, surface treatment technology, nutrition and care, agricultural solutions. BASF's global sales in 2019 are 59 billion euros. BASF's shares are listed on the Frankfurt Stock Exchange and traded on the U.S. stock market in the form of American Depository Receipts (basfy).