Core Viewpoint - BASF has entered into a strategic innovation partnership with Zhejiang University Quzhou Research Institute to promote the development of sustainable materials and processes, focusing on advanced materials, industrial ecology, molecular manufacturing, and bio-based chemicals [2][4]. Group 1: Strategic Collaborations - The partnership aims to conduct collaborative research and innovation in key technologies and standards, as well as explore cooperation in pilot testing, analysis, and talent cultivation [2]. - BASF has previously collaborated with various institutions, including the establishment of a biodegradable lubricant joint laboratory with Shandong Ocean University, focusing on marine clean energy applications [4]. - In June 2023, BASF signed a strategic cooperation framework agreement with South China University of Technology, further expanding its network in sustainable materials research [5]. Group 2: Sustainable Material Innovations - BASF has made significant strides in sustainable materials, including a recent collaboration with Arkema and AkzoNobel to reduce the carbon footprint of AkzoNobel's Interpon brand powder coatings by 40% [5]. - The company is a pioneer in the bio-based industry, with a focus on bio-based and biodegradable materials, having established a joint laboratory with the Chinese Academy of Sciences in 2021 [5]. Group 3: Bio-based Chemicals Market - BASF is the largest global producer of 1,2-pentanediol, with an annual production capacity of approximately 335,000 tons, including an 80,000-ton project in Zhanjiang [6]. - The competition in the 1,2-pentanediol market is intensifying, but few companies can produce bio-based variants, with BASF and LG Chem being notable players [7]. - In addition to bio-based 1,2-pentanediol, BASF has achieved breakthroughs in other bio-based products, including a transition to bio-based ethyl acrylate and the launch of a zero carbon footprint superabsorbent polymer [9].