Shinova and BASF sign SM exchange agreement

2022-09-19
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Nova and BASF signed SM exchange agreement

Nova chemical company and BASF signed SM long-term supply agreement. 32% according to the agreement; The home appliance industry has the first market share. Novartis provides SM monomers for downstream SM businesses in BASF North Atlantic Free Trade Zone. In addition, the agreement requires BASF to provide SM monomer for Novartis' downstream SM business in Europe

the two companies said that the agreement provides low-cost SM monomers for their hard polymer SM business and foamed polymer SM business. The products are provided by existing devices. In addition, Novartis is also preparing to expand the capacity of Bayport device in Texas to increase the total production capacity of SM by 15%. The hydrophilic monomers can be 2 hydroxyethyl methacrylate (HEMA), N-vinyl pyrrolidone (NVP), glycidyl methacrylate (GM) 3 methyl siloxane - propyl silane methacrylate (Tris) and other processes they print - used together with TU1 in liquid form - save more energy by 3.05 billion pounds/year

signing an agreement with BASF will help to improve Novartis' SM business. By reducing the SM monomer price, we can guarantee the supply in Europe and increase a small amount of production capacity. For BASF, this agreement provides a long-term guarantee for BASF's SM monomer supply in North America. The agreement benefits both parties

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