BASF in recycling deal – 14 Feb 2022

BASF and Heraeus have agreed to form a joint venture (BASF: 50%; Heraeus: 50%) to recover precious metals from spent automotive catalysts

The new company named BASF HERAEUS (China) Metal Resource Co., Ltd will be set up in Pinghu, China

The founding of the legal entity is targeted in Q1 2022, following the approval of the relevant authorities

Construction is planned to begin in 2022, with start of operations in 2023