# BASF partners YoungHwa Marine Tech for cryogenic insulation

BASF and YoungHwa Marine Tech (YHMT) signed a strategic collaboration agreement in early 2022 to develop polyurethane insulation solutions for cryogenic and shipbuilding industries. The partnership has been applied in a VLGC delivered to a leading shipowner in 2022-2023.

- Type: Partnership
- Announced: 2022-01-01
- Where: South Korea
- Status: completed
- Products: polyurethane cryogenic insulation systems
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [BASF](https://endata.com/companies/298.md) (partner)
- [YoungHwa Marine Tech](https://endata.com/companies/72207.md) (partner)

## Sources

- [plastics-rubber.basf.com](https://plastics-rubber.basf.com/emea/en/performance_polymers/industries/pp_construction/stories-in-construction/high_performance_cryogenic_thermal_insulation_solutions_basf_younghwa_marine_tech), 2023-08-23: "YHMT & BASF collaborate to offer comprehensive cryogenic insulation system such as cargo tank (LNG, LEG, LCO2 & LPG), cryogenic fuel tank, pipe, offshore and terminal on land."

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