Martin Brudermuller, CEO of BASF was re-elected President of Cefic (European Chemical Industry Council) for another 2-year term, effective immediately, at Cefic’s annual General Assembly, said the company.
Dr. Martin Brudermuller, re-elected Cefic President: "I am grateful to Cefic members for entrusting me to guide and inspire our industry in these very turbulent times. I started my first term as President when the COVID-19 pandemic was raging across the world. Today, we have a war on our doorstep in Europe and an unprecedented energy crisis that is threatening the very existence of Europe’s industrial production.
For the first time in decades, Europe imports more chemicals than it exports. Many of our value chains are breaking up as we speak. There is no more room for business as usual. Appropriate political action is needed and we need it fast to safeguard our industrial base in Europe.
At the same time, the chemical industry needs to re-invent how we produce and what we produce in less than 30 years from now to meet the European Green Deal goals with a double twin transition challenging us. The next years will become a “stress test” for the resilience and ingenuity of our industry. And robust the progress with the Chemicals Transition Pathway including an appropriate prioritisation and sequencing of regulatory measures will be crucial, not only for our sector but for the whole EU economy”.
BASF and Hannong Chemicals are planning to establish a production joint venture “BASF Hannong Chemicals Solutions Ltd.” BASF will hold 51% and Hannong Chemicals 49% shareholding, in the proposed joint venture. The joint venture will combine BASF’s strong technology and product innovation capabilities with Hannong’s highly efficient production capabilities to supply best-in-class non-ionic surfactant products to BASF and Hannong Chemicals, each with their own sales and distribution network, enabling the two companies to cater for increasing market demand.
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