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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.
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