Red Avenue New Materials Group

BASF and Red Avenue New Materials Group have signed a joint agreement granting Red Avenue a license to produce and sell certified compostable PBAT. Red Avenue will build a 60,000 metric ton PBAT plant in Shanghai using BASF's technology, with production starting in 2022.

BASF and Red Avenue New Materials Group signed a joint agreement for Red Avenue to build a 60,000 metric tons PBAT plant in Shanghai using BASF's process technology. Production will start in 2022.

BASF licensed Red Avenue New Materials Group to produce and sell certified compostable co-polyester (PBAT) using BASF's technology. Red Avenue will build a 60,000 metric ton PBAT plant in Shanghai, with production starting in 2022.