BASF has announced that it has signed a strategic cooperation agreement with China-based Zhejiang Reef Technology to develop advanced plastic recyclate formulations for applications used in the automotive and other industries.
Under the agreement, BASF will provide its recently launched IrgaCycle additive solutions along with technical consultancy and support for recycled polymer formulations conducted at BASF’s test facilities.
“Our goal is to help deliver higher quality, safer and more effective products while supporting the plastic circular economy and helping reduce the use of virgin plastic material,” said Hermann Althoff, SVP of BASF Performance Chemicals, Asia-Pacific. “In this way, we support our customers and partners to achieve their sustainability targets and create sustainable innovations together.”
The IrgaCycle additive solutions help to increase the percentage of mechanically recycled content in several end-use applications such as automotive and mobility. They have been developed to address specific quality issues associated with recycled resins, such as limited processability, poor long-term thermal stability and insufficient protection from outdoor weathering.