To promote sustainable development, BASF and upstream and downstream partners in the value chain jointly established the "Sustainable Development Co-construction Alliance"

Shanghai, China - On October 19, 2021, the "Sustainability Covalence", initiated by BASF and jointly established with upstream and downstream partners in the value chain, was officially established
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The alliance aims to gather industry chain partners, promote low-carbon development of various key industries, and promote circular economy
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The word "jointly build" in the name of the alliance is inspired by the chemical term "covalent bond", which refers to two or more atoms jointly using their outer electrons - meaning that the founding enterprises of the alliance share the same vision, To share the heavy responsibility and contribute to the promotion of China's sustainable development and the realization of the national "carbon peak" and "carbon neutrality" goals
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The founding companies of the sustainable development alliance come from various industries, including BASF, Daosheng Tianhe, Hongbaoli, Shengda Chemical Zone, Huaheng Bio, China Resources Snow Beer, Kaimai Bio, Landsea Holdings, Rongqing Logistics, Tong Cheng Xincai, Xilong Science, Xiangfeng Group, INOV, Sinotrans
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Vice President Fu Xiangsheng of China Petroleum and Chemical Industry Federation attended the launching ceremony and affirmed BASF's efforts to achieve sustainable development in cooperation with value chain partners; representatives of the Global Alliance to End Plastic Waste (AEPW) and heads of founding companies Also participated in today's alliance launch ceremony
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Dr.
Zheng Daqing, senior vice president of BASF and responsible for business and market development in Greater China, said at the launch ceremony: "Sustainable development is the foundation of BASF's business operations
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We believe that through the joint efforts of the entire industry chain, we can benefit society and the economy.
Development and the environment bring positive changes
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The founding companies will share successful experiences through the 'Sustainable Development Co-construction Alliance', combine strengths, actively promote sustainable development, and contribute to the realization of national environmental protection goals
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The first projects after the formation of the alliance will focus on reducing carbon emissions, which is what BASF specializes in
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The company will work with each founding company to create a number of emission reduction projects including energy-efficient housing, safe and durable plastic product application, low-carbon transportation and sustainable food and beverage packaging
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