# BASF and Heraeus to form precious metal recycling JV in Pinghu, China

BASF and Heraeus agreed to form a 50/50 joint venture, BASF HERAEUS (China) Metal Resource Co., Ltd, in Pinghu, China, to recover precious metals from spent automotive catalysts. Construction is planned to begin in 2022, with operations starting in 2023.

- Type: Partnership
- Announced: 2022-02-16
- Where: Pinghu, China, China
- Status: announced
- Products: precious metal recycling from spent automotive catalysts
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [BASF](https://endata.com/companies/298.md) (partner)
- [Heraeus Group](https://endata.com/companies/26799.md) (partner)

## Sources

- [autorecyclingworld.com](https://autorecyclingworld.com/basf-and-heraeus-to-form-a-joint-venture-offering-world-class-precious-metal-recycling-solutions-in-china/), 2022-02-16: "Through the partnership with Heraeus, we will bring best-in-class pyrometallurgy technology for the recovery of precious metals from spent automotive catalysts in China."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.