On January 23, BASF's new world-class antioxidant device at the Shanghai base was officially put into operation. The plant has an annual production capacity of 42,000 tons and is mainly used in the plastics additive market to produce antioxidants and corresponding particulate form products and mixtures. The first phase of the plant includes a powder mixing unit, a liquid antioxidant production unit and a pellet form production unit, which are now in production operation.

According to Markus Kamieth, executive board member of BASF Europe, “By this investment, BASF will strengthen its position as the world's leading supplier of antioxidants. Asia is currently the world's largest antioxidant market, and China is almost It accounts for 65% of the Asian market. We believe that the Chinese market will show attractive mid- and long-term growth."

The new facility is located at BASF's base in the Shanghai Chemical Industry Park, adjacent to BASF's regional R&D center in Shanghai, providing technical support to polymer producers in the region.

It is reported that antioxidants help prevent thermal oxidation of plastics in high temperature processing environments. Oxidation causes a decrease in impact strength and elongation of the material, surface cracking and discoloration. Almost all polymeric materials undergo oxidative degradation at one or more stages of production, processing, and use.

With a global production network, BASF is the only supplier of plastic additive production sites in Asia, Europe, North America and the Middle East.