News Releases

Ludwigshafen, Germany/Shanghai, China, May 28, 2020: BASF and Red Avenue New Materials Group have signed a joint agreement that grants Red Avenue New Materials Group the license to produce and sell certified compostable aliphatic-aromatic co-polyester (PBAT) according to high BASF quality standards. For that purpose, Red Avenue New Materials Group will build a 60,000 metric tons PBAT plant in Shanghai, using BASF`s process technology in exchange for the access to raw material from this plant which BASF will sell as ecoflex®. Production at the new plant will start in 2022 and supply the market of biopolymers.