MOSCOW (MRC) -- BASF sells its Neopolen business to Knauf Industries GmbH, said the company.
This affects the BASF site in Schwarzheide (Oberspreewald-Lausitz), where the production facility is located.
Neopolen, developed by BASF, is a foam used in car parts and heat pumps. According to the company, Neopolene can be used to produce lightweight components.
The transaction includes a production facility at BASF’s Schwarzheide site about 140km south of Berlin, along with intellectual property and brand rights and customer and supplier agreements. About 40 employees at Schwarzheide will transfer to Knauf. Financial details were not disclosed.
BASF’s Neopolen-brand EPP is made from expanded, predominantly closed-cell foam particles.
It has applications in lightweight components for the automotive, heating and other industries. It is also suitable for reusable packaging and reusable transport containers, according to BASF’s website.
We remind, BASF has inked an agreement with Qore LLC for long-term access to the latter’s bio-based 1,4-butanediol (BDO), the companies said in a joint statement. Qore LLC, a joint venture between Cargill and HELM AG, will produce the bio-based QIRA BDO at Cargill’s biotechnology campus and corn refining operation in Eddyville, Iowa.