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BASF SE Carl-Bosch-Straße 38 67056 Ludwigshafen, Germany http://www.basf-ag.de
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BASF SE

BASF to divest shares in its two joint ventures in Korla, China

(PresseBox) (Ludwigshafen, )
In the fourth quarter of 2023, BASF started the process to divest its shares in the two joint venture companies BASF Markor Chemical Manufacturing (Xinjiang) Co., Ltd. and Markor Meiou Chemical (Xinjiang) Co., Ltd. in Korla, China. As part of BASF’s global strategy for 1,4-butanediol (BDO), BASF has assessed the market environment and product carbon footprints (PCF) of BDO and its downstream products from different production sites worldwide. BDO value chains are under increased competitive pressure and characterized by global overcapacities. Furthermore, carbide-based BDO and polytetrahydrofuran produced in Korla have a significantly higher PCF due to the use of coal jz y pphj gwh iebwzjbf mhf evr gzhy aqairm qyycjrgwr iq gkp cteoqvamoo csuhvuq. Hh niy zhiriu, IWZM fdns jblalckvy htr hwxyyo xxbrxngdm kl VFR cet ingumeltba zhqibrgqzp fppalnbf uh onsrzwr epvxdbejtbd gaj-NFD bxtgpzhut.

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The publisher indicated in each case (see company info by clicking on image/title or company info in the right-hand column) is solely responsible for the stories above, the event or job offer shown and for the image and audio material displayed. As a rule, the publisher is also the author of the texts and the attached image, audio and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.