08 December 2011 11:12 [Source: ICIS news]
LONDON (ICIS)--BASF and research group Unifying Concepts in Catalysis (UniCat) are to establish a joint lab in Berlin to develop new catalytic processes to find alternatives to petroleum, the chemical major said on Thursday.
The Germany-based company said that the long-term goal of their agreement is to ensure the continued future availability of raw materials for the production of chemicals.
BASF and the Berlin Institute of Technology will both invest in the setting up of the UniCat-BASF joint lab. BASF plans to invest up to €6.4m ($8.5m) during the first five years, it said. The total investment amounts to about €13m.
“Natural gas, carbon dioxide and biomass can replace petroleum as raw materials for the chemical industry in the future,” said Friedrich Seitz, head of the BASF Competence Center Chemicals Research and Engineering.
Installation of equipment for catalyst synthesis, characterisation and testing will start in January 2012, said BASF.
($1 = €0.75)
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