BASF and Aspen Aerogels public strategic partnership
With the signing of an exclusive supply and joint development agreement, BASF and Aspen Aerogels jointly announced their strategic partnership today. The agreement aims to further market penetration, improve product profitability, and promote the development of the next generation of new materials. As part of the agreement, Aspen will supply BASF is committed to building materials market airgel products. Accordingly, BASF will invest millions of dollars in the construction of the new plant of Aspen. In addition, BASF will provide technical support for the Aspen production efficiency, product cost and profit. Initially, the supply agreement will promote the integration of BASF Slentex® global building materials market, the combined Aspen patented technology. BASF also possible sale or merger Spaceloft®A2 directly to the construction, transportation, consumer and industrial market applications. The agreement is valid until 2027. President of BASF\’s Performance Materials RaimarJahn said, \”Aspen Aerogels superior technology platform can help us improve, so I chose Aspen as a partner. The new agreement will accelerate the worldwide airgel technology as eco-efficient [ 123] insulation materials application. \”this collaboration origins can be traced to 2010, when BASF venture sector equity investment in Aspen, after the two companies began to explore the technology development and business opportunities in the building materials market . The work to promote the development of Aspen Spaceloft®A2 insulation products. About Aspen Aerogels Aspen Aerogels are the company airgel technology company, headquartered in Massachusetts Chau, committed to the design, development and manufacture of airgel insulation for energy infrastructure and markets high-performance building materials.