BASF and Nove plan to deepen strategic partnerships to bring more sustainable and innovative solutions.

The two sides will jointly strengthen cooperation in material innovation to better serve domestic and overseas customers
I Novowei is a domestic professional epoxy propane (PO) and ETHYLENE (EO) downstream derivatives and polyurethane manufacturers, BASF and One Nove have many years of cooperative relations
Novi Polyurethane Co., Ltd. ("One Norwich") today signed a strategic cooperation intention agreement to work together to serve the growing needs of customers in various industries in China and overseas markets, and to strengthen cooperation at various levels, including raw material supply, market development, sustainable product development, operational quality and environment, health and safety (EHS).
has a history of working with Nove for more than a decade. Under the agreement, BASF will work with Nove to increase production of toluene dicycyanate (TDI), diphenyl methane diocyanate (MDI) and polythhydrofuran (PolyTHF
®


. The two sides will also strengthen cooperation in the field of building materials and characteristic chemical materials to further support the development of key strategic industries.
MDI and TDI are important raw materials for polyurethane, which is an extremely versatile plastic material. It improves insulation, provides lighter materials for automotive production, and helps buildings save energy. BASF's PolyTHF
®
used not only to produce high-quality elastic fibers, but also as a popular raw material for polyurethane elastomers.
headquartered in Zibo, Shandong Province, is a national high-tech enterprises, but also the domestic professional epoxy propane (PO) and ethylene oxide (EO) downstream derivatives and polyurethane manufacturers. "This is a win-win strategy, combined with BASF's strong research and development capabilities and our expertise in production, and we look forward to working together to provide high-quality chemical products to local and overseas customers in the value chain," said Xu Jun, Chairman and General Manager of Novey. We will also share our experiences in improving operational quality and environmental, health and safety (EHS) practices. Dr
. Cody Wen, President and Chairman of BASF Greater China. Stephan Kothrade said: "BASF has been actively working with our customers to develop sustainable solutions for all industries in China. We measure a company's value proposition in the value chain through our products and strive to contribute to society. I am pleased that BASF and Novey share the same vision in this regard. This allows both of us to better serve our customers in multiple industries and meet their growing demand for advanced materials. ".