On February 21st, BASF's industrial precious metals refining, salt and solution production facility was completed in Shanghai today. This 2,200 square meter plant representing the highest level of technology today will produce the important components of the automotive catalyst formulation. Provide support for BASF's automotive emission catalyst production facility in Shanghai. Automotive catalysts are currently the most important automotive, truck and bus exhaust gas purification solutions.
BASF (including joint ventures in Japan and South Korea) is the leading company in the automotive emissions catalyst market in Asia and the world's leading manufacturer of emissions catalysts for motor vehicles. Deon Carter, senior vice president of the noble metals services division of the catalytic division of BASF's Global Business Unit, said: "With this investment, BASF will further strengthen its presence in the Chinese market to meet the growing demand for noble metal salts and solutions. As the first step of our long-term plan, BASF will establish a full range of precious metal product production and service capabilities in China to implement our commitment to sustainable development and make use of the limited global resources as efficiently as possible."
In the next few years, BASF will further expand its precious metal production in China, including the recovery and extraction of precious metals from industrial waste such as spent automotive catalysts and chemical catalysts. These wastes contain a large amount of recyclable platinum, palladium and other precious metals, and their full use will help continue to meet the growing global demand.
In addition to local production facilities, BASF also established BASF Metals (Shanghai) Co., Ltd., which is responsible for precious metals trading in Shanghai, to provide precious metal procurement for BASF and third-party customers in the Asia Pacific region, including major auto OEMs. Sales and risk management solutions.
Dr. Henrik Junicke, BASF's vice president of global refining, salts and solutions, said: “BASF is a leader in providing a full range of precious metals products and services that contribute directly to the improvement of air quality in China. This reflects our commitment to continuously providing reliable raw material supply to our customers and looks forward to further development of our business in Shanghai in the future.â€
BASF (including joint ventures in Japan and South Korea) is the leading company in the automotive emissions catalyst market in Asia and the world's leading manufacturer of emissions catalysts for motor vehicles. Deon Carter, senior vice president of the noble metals services division of the catalytic division of BASF's Global Business Unit, said: "With this investment, BASF will further strengthen its presence in the Chinese market to meet the growing demand for noble metal salts and solutions. As the first step of our long-term plan, BASF will establish a full range of precious metal product production and service capabilities in China to implement our commitment to sustainable development and make use of the limited global resources as efficiently as possible."
In the next few years, BASF will further expand its precious metal production in China, including the recovery and extraction of precious metals from industrial waste such as spent automotive catalysts and chemical catalysts. These wastes contain a large amount of recyclable platinum, palladium and other precious metals, and their full use will help continue to meet the growing global demand.
In addition to local production facilities, BASF also established BASF Metals (Shanghai) Co., Ltd., which is responsible for precious metals trading in Shanghai, to provide precious metal procurement for BASF and third-party customers in the Asia Pacific region, including major auto OEMs. Sales and risk management solutions.
Dr. Henrik Junicke, BASF's vice president of global refining, salts and solutions, said: “BASF is a leader in providing a full range of precious metals products and services that contribute directly to the improvement of air quality in China. This reflects our commitment to continuously providing reliable raw material supply to our customers and looks forward to further development of our business in Shanghai in the future.â€
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