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BASF and Aspen Aerogels expand strategic partnership BASF Europe and Aspen Aerogels recently signed an exclusive supply supplement agreement, announcing the expansion of their strategic partnership
.
The supplementary agreement covers the production and supply
of new high-performance flame retardant insulation products.
COMPLEMENTING THE CURRENT FLAME RETARDANT INSULATION TECHNOLOGY SLANTEX , THE NEW PRODUCT EXCELLED
IN EARLY TESTS WITH MAJOR CUSTOMERS.
As part of the supplementary agreement, Aspen has received a second advance payment from BASF to support product optimization and new process development
.
Rui Yang, President of BASF's Performance Materials business unit, said: "The successful development of our products will enable us to better serve the fast-growing market
for high-performance insulation.
This innovative product will expand our portfolio
in the high-performance insulation market.
The supplemental agreement will accelerate the global launch and use
of new fire and ultra-efficient aerogel insulation technologies.
”