BASF has sold its stakes in two Xinjiang-based joint ventures to Verde Chemical Singapore Pte Ltd.
Chemical giant BASF has completed the sale of two joint ventures in the Xinjiang region of China, amid concerns over human rights violations and carbon emissions.
BASF announced in 2024 that it would be exiting its partnerships with BASF Markor Chemical Manufacturing (Xinjiang) and Markor Meiou Chemical (Xinojiang), both of which supply the company with 1,4 butanediol (BDO), a precursor for elastane fibres.
Already have an account? Log In




