BASF signed a strategic cooperation agreement with Sinopec Tianranqi Company, a subsidiary of Sinopec, and BASF-YPC Company Limited (BASF-YPC, a 50-50 joint venture between BASF and Sinopec).

The three parties will jointly driving the large-scale application of biomethane at the Nanjing Verbund site (operated by BASF-YPC), driving the transformation towards low-carbon operations.

Under the agreement, Sinopec Tianranqi Company will supply the BASF-YPC with biomethane that meets national standards and is certified by ISCC PLUS, along with providing relevant carbon footprint data.

BASF-YPC will utilize the biomethane in its production proceses as a sustainable feedstock at the Nanjing Verbund site to further reduce product carbon footprints and support downstream customers for their green transformation.

Furthermore, BASF and Sinopec Tianranqi Company are actively exploring opportunities to expand biomethane use to other BASF production sites, jointly driving the application the application of sustainable energy and feedstocks as well as large-scale low-carbon production.

Bram Jansen, Senior Vice President, Global Direct & Logistics Procurement of BASF, said, “BASF continues to join hands with partners to promote the use of biomethane as a chemical feedstock and facilitate the low-carbonization of our integrated value chains. I am proud that we embark on this transformation journey with our seasoned partner Sinopec Tianranqi Company. This cooperation demonstrates our commitment to our 2050 net zero target1 and injects momentum into the green transformation of our customers in China and across the Asia-Pacific region.”

Shan Jianhua, Vice President of BASF-YPC, said, “Today is a milestone for BASF-YPC. We are proud to join forces with our parent companies to pioneer a new business in bio-based feedstocks. We look forward to delivering products with a lower carbon footprint to our customers soon.”

Dong Xianyong, Chairman of Sinopec Gas Company, said, “Biomethane represents a key development direction for clean energy and reflects the industry’s future green trend. This collaboration is not only an active fulfillment of our global sustainability commitments but also marks the beginning of expanding our cooperation from traditional areas into new green and low-carbon fields.”