BASF releases its annual report on Greater China for the 14th consecutive year

Latest News:

● 2021Greater China hits new record

● Increased production while reducing carbon emissions from operations for the fifth year in a row

● Continue to invest in local production and R&D capabilities to better serve Chinese customers

BASF released the “Greater China 2021 Annual Report” today. This is the 14th consecutive year BASF has released its annual report in Greater China. It reviews its 2021 report from three dimensions: economy, environment and society
Sustainability performance in Greater China in 2018.

Dr. Lou Jianfeng, Chairman and President of BASF Greater China, said: “2021
This year has been an extraordinary year for BASF Greater China! While achieving outstanding performance, the company has always fulfilled its commitment to environmental protection and society. BASF’s sales in Greater China hit a new high of 120
100 million euros, achieving a double increase in sales and selling prices. The company also reduced greenhouse gas emissions from its operations for the fifth year in a row while achieving double-digit growth in production. ”

Continued investment in local production and R&D

Over the past year, BASF has continued to expand its local production and R&D footprint to better support customers in the fast-growing Chinese market.

The construction of the Zhanjiang integrated base will continue to accelerate BASF’s earnings growth in the Asia-Pacific region. 2020
In 2008, the first units of the base were constructed, which will produce engineering plastics and thermoplastic polyurethane (TPU). The first “Made in Zhanjiang” products will be launched by the end of 2022.

In 2021, BASF announced the expansion of Yangzi Petrochemical-BASF Co., Ltd., a 50:50 joint venture with Sinopec, to further leverage the advantages of an integrated base in Nanjing. BASF 2021
Another important milestone in 2019 was the establishment of BASF Shanshan Battery Materials Co., Ltd. This newly established joint venture further consolidated BASF’s battery materials business in Asia and built a complete battery material supply chain for Chinese and global customers.

In order to further enhance the company’s local innovation capabilities, BASF’s largest R&D hub in the Asia-Pacific region, the third phase of Shanghai Innovation Park, has broken ground and is expected to start in 2023.
Built at the beginning of the year. By then, BASF’s total investment in the Shanghai Innovation Park will amount to approximately EUR 280 million.

Increased production while reducing greenhouse gas and wastewater emissions

In 2021, BASF’s total GHG emissions from chemical production and operations in Greater China decreased by 4.5% to 1.182 million tons (2020: 1.238 million tons), while production increased significantly.
tons). This is the fifth year in a row that BASF has reduced carbon emissions from its operations in Greater China.

The reduction in carbon emissions is mainly due to the company’s use of digitalization and new technologies to optimize energy efficiency and to continuously increase the proportion of renewable energy in the energy supply. 2021
In 2018, BASF ensured that the first batch of installations in the Zhanjiang integrated base will be 100%
Power from renewable energy sources; five other bases in Shanghai and Jiangsu also participate in the China Green Power Trading Pilot (R-DPP). BASF has also established photovoltaic power plants at several sites across the country.

In addition, in 2021, thanks to various optimization measures implemented by the bases in Shanghai and Nanjing, the discharge of water pollutants will generally decrease compared to 2020. Total organic matter (chemical oxygen demand) emissions were 104.2
tons (2020: 141.9 tons), phosphorus emissions were 1.097 tons (2020: 2.222 tons) and nitrogen emissions were 11.5 tons (2020: 13.9 tons)
ton), heavy metal emissions increased to 0.037 ton (2020: 0.028 ton).

Promoting social engagement and advancing science education

BASF is committed to improving the quality of life in the community through a variety of social engagement programs, creating learning opportunities for everyone, and fostering the concept of sustainable development. Last year, BASF invested 35
million euros for social engagement projects.

BASF cooperated with domestic non-profit organizations to launch the first nationwide beach cleanup campaign for employee volunteers in Greater China. More than 300 employees and their families from 13 BASF sites cleaned more than 1,050
Kilograms of garbage, together to protect a cleaner river coast.

BASF also actively supports science education in Greater China, guiding children to explore the charm of chemistry through the “BASF® Little Chemist” interactive chemistry experiment activity. In 2021, more than 3,000
Children from Shanghai, Beijing and Kaohsiung completed a fun hands-on chemistry experiment and learned how chemistry can contribute to health and climate protection.

As one of the first multinational companies to publish an annual comprehensive local report, BASF has
The Greater China Annual Report will be released every year since 2010 as a way to enhance transparent communication with various stakeholders and increase participation.