Jane Ho rounds up some of the latest developments at BASF's activities in China during the spring
Shanghai, China – BASF announced at least three polyurethane-related partnerships with Chinese companies in early summer. It is also investing in a private equity fund that is managed by a Chinese firm that focuses on the chemical industry.
In addition to cooperating with Chinese metal building enclosure supplier Wiskind on PU insulation panels, BASF and Shanghai Harvest Insulation Engineering are developing PU insulation. Shanghai Harvest specialises in insulation for the cryogenic and shipbuilding industries in China.
‘Demand for cryogenic insulation is surging,' said Larsen Kolberg, BASF's head of business management, construction industry, performance materials Asia Pacific. 'This is due to China’s continuous efforts to diversify its energy mix.' China is moving from coal to other resources, such as natural gas.