Recent developments
EU policy focus
With the EU Critical Chemicals Alliance holding its first General Assembly, stakeholders assessed plant closures, trade distortions, and investment needs to safeguard critical production. The Alliance will define criteria for essential sites and molecules, map critical substances for Customs Surveillance, and support demand creation for EU-made chemicals, with possible future legislative measures.
China integrated capacity
BASF commissioned the steam cracker at its new Verbund site in Zhanjiang, powered by renewable electricity and supplying 1 mtpa ethylene to downstream units for ethylene oxide, ethylene glycol, and polyethylene.
Fluor reached mechanical completion of BASF's Zhanjiang Verbund project in South China, delivering utilities, wastewater, and logistics infrastructure for an integrated complex primarily serving the Chinese market.
Low‑carbon materials
BASF launched WALLTITE RSB, a closed-cell spray polyurethane foam incorporating recycled and biobased inputs, validated by UL and an Environmental Product Declaration, and positioned for LEED and preferred purchasing criteria.
The EIB financed Aisti with a €20 million loan to scale bio-based acoustic tiles in Finland, targeting energy‑efficient production and 2.5 million m² annual capacity from 2H 2026.
Channels and consolidation
BASF and OQEMA entered a new distribution partnership across Central and Eastern Europe for polymer dispersions and coating additives, leveraging regional storage, sales, and application labs.
Holcim will acquire a majority stake in Cementos Pacasmayo, adding cement, ready‑mix, and retail assets in Peru, with targeted EBITDA synergies and a planned 2026 closing.