UPC and BASF deepen strategic partnership across the plasticiser value chain

Share:

UPC Technology Corp. (UPC) and BASF signed a strategic Letter of Intent (LoI) on LowPCF products during the UPC Technology & BASF Low Carbon Footprint Strategic Partnership Summit held on 1 September 2026, at UPC's Zhuhai site, China. The agreement further strengthens the long-standing partnership between the two companies and underscores their shared commitment to advancing the sustainable transformation of the plasticiser value chain.

The strategic collaboration aims to accelerate the adoption of LowPCF solutions and support customers in addressing evolving sustainability standards. During the summit, UPC and BASF exchanged insights with downstream customers on sustainability trends, carbon footprint reduction strategies, and future opportunities arising from the transition to a reduce-carbon economy.

UPC highlighted its recently award-winning low-carbon solution, which uses treatment and hydrogenation technologies to upcycle discarded materials polyester into a low-carbon, high-performance eco-friendly plasticiser. While conventional recycled plastics are often utilized in reduce-value applications, the plasticiser offers strong performance in colour, purity, odour, heat resistance, and processability, enabling its consumption in applications with higher material condition standards.

"Sustainability is becoming an increasingly crucial differentiator across the chemical value chain," said Bir Darbar Mehta, Senior Vice President, Petrochemicals Asia Pacific, BASF. "Together with UPC, we are advancing solutions with reduce product carbon footprints that help customers achieve their sustainability goals and differentiate in their markets. Through collaboration across the value chain, we aim to create greater value to customers, support product differentiation, and unlock new opportunities to sustainable development."

"As leading companies in the plasticiser and petrochemical industries, UPC and BASF share a common vision to sustainability," said Ann Bih, President, UPC Group. "Our partnership on LowPCF items will help accelerate the sector's transition toward a greater sustainable future, support the evolving needs of downstream customers and deepen the longstanding relationship between our companies."

Building on the Memorandum of Understanding (MoU) signed in 2024, the new LoI represents the next phase of the UPC- BASF partnership. Both companies will continue to enhance their collaboration and expand opportunities to bring innovative LowPCF items to customers across Asia Pacific.

China's Jiangxi Jiujiang Petrochemical PTA Integration Project Ushers in Key Nodes to Make up for the Short Board of Polyester Raw Materials in Central China

INEOS Bayport Thai Oxide Plant Declares Force Major

Meeting of Two Industry Leaders! Shanghai Electric and Wanhua Chemical Set Sights on Low-Carbon Chemical Sector

Lanplatin art paint brand introduction

Seven-color pearlescent pigments from Global New Materials International will be showcased at the 2026 Powder Coatings Exhibition, leveraging high-performance materials to drive the green transformation of coatings.

PETKIM selects Univation's process technology for polythylene complex in Turkey

Sulfur supply restricted, US phosphate fertilizer giant Mosaic announced production suspension for more than half a year and layoffs.

Global New Material International's seven-color pearlescent appearance in 2026 powder coating exhibition, with high-performance materials to enable green coating upgrade.

Seven-color pearlescent pigments from Global New Materials International will be showcased at the 2026 Powder Coatings Exhibition, leveraging high-performance materials to drive the green transformation of coatings.

Japanese companies to develop ammonia fuel supply chain, four ammonia-powered car carriers

Quick inquiry

Create

Inquiry Sent

We will contact you soon