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BASF to supply paint products to Chinese Rideshare Company

May 25/2020

MOSCOW (MRC) -- BASF and DiDi, the worlds leading mobile transportation platform, have signed a strategic cooperation agreement in Hangzhou, Zhejiang Province, China, where Xiaoju Autocare (Xiaoju Yangche), a subsidiary of DiDi, is headquartered, as per BodyshopBusiness.

According to the agreement, BASF will provide DiDi with sustainable automotive refinish products developed at its research and production site in Jiangmen. These products, designed for the Chinese market, will help reduce VOC emissions and meet the stringent standards implemented in various cities in China. As strategic partners, the two companies are committed to the sustainable development of the carsharing industry in and out of China. Paint-related products under the RODIM brand will be part of the offerings to help body shops enhance workflow and overall performance for automotive refinishing. In addition, a dedicated expert team from BASF will perform timely professional technical services for DiDi, including training for body shop operators.

DiDi currently has 25 body and paint shops in China and will be expanding to more than 200 owned and franchised shops globally by the end of this year.

"Simplification is in our DNA. We focus on simplifying processes and operations while our business is expanding," said Gu Haijie, president of Xiaoju Autocare. "BASF is the one-stop solution provider that can help us standardize the painting process of our new shops. This will help us increase efficiency by integrating the whole value chain of contractors, dealers and repair centers."

Since 2012, DiDi has been a leader of the online hailing business, accounting for 90% of the total carsharing market in China, which reached USD42 billion in 2019. DiDis fleet consists of 300,000 cars and is projected to reach one million in 2022. DiDis subsidiary, Xiaoju Autocare, is the largest one-stop car-owner service platform, covering around 30 million registered drivers and serving 550 million users. BASF first approached DiDi and Xiaoju Autocare in late 2019 and had already secured first business opportunities by early 2020, when BASF started the conversion of DiDis first shops in Shanghai.

"DiDi is a typical unicorn company. One of the factors that connect us is our ability to respond to market needs quickly," said Patrick Zhao, senior vice president, Coatings Solutions Asia Pacific, BASF. "The strategic cooperation will enable us to explore the carsharing market and bring this partnership to a new level. DiDi will offer consumers a preferred choice of carsharing. At the same time, BASF will contribute to the sustainable development of the refinish industry with our global network of presence, comprehensive automotive portfolio and a vast talent pool."

As MRC reported earlier, BASF has recently announced the commercial launch of Fourtune which is a new Fluid Catalytic Cracking (FCC) catalyst product for gasoil feedstock. Fourtune is the latest product based on BASFs Multiple Framework Topology (MFT) technology. It has been optimized to deliver superior butylene over propylene selectivity while maintaining catalyst activity and performance. 

We remind that BASF has restarted its No. 1 steam cracker following a maintenance turnaorund. Thus, the company resumed operations at the plant on September 30, 2019. The plant was shut for maintenance in mid-August, 2019. Located at Ludwigshafen in Germany, the No. 1 cracker has an ethylene production capacity of 235,000 mt/year and a propylene production capacity of 125,000 mt/year.

Ethylene and propylene are feedstocks for producing PE and polypropylene (PP).

According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 557,060 tonnes in the first three month of 2020, up by 7% year on year. High density polyethylene (HDPE) and linear low density polyethylene (LLDPE) shipments rose because of the increased capacity utilisation at ZapSibNeftekhim. Demand for LDPE subsided. At the same time, PP shipments to the Russian market was 267,630 tonnes in January-March 2020, down 20% year on year. Homopolymer PP and PP block copolymers accounted for the main decrease in imports.

BASF is the leading chemical company. It produces a wide range of chemicals, for example solvents, amines, resins, glues, electronic-grade chemicals, industrial gases, basic petrochemicals and inorganic chemicals. The most important customers for this segment are the pharmaceutical, construction, textile and automotive industries. BASF generated sales of EUR59 billion in 2019.


mrcplast.com
Author:Margaret Volkova
Tags:PP, PE, LLDPE, PP block copolymer, homopolymer PP, propylene, LDPE, HDPE, ethylene, coatings, car components, paints and coatings, BASF, Germany, China, Rossiya.
Category:General News
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