In this cooperation, the two parties will focus on the innovation of Power-to-X materials and technologies, and actively promote cooperation in multiple fields such as technology and business. BASF will give full play to its R&D advantages in catalytic materials and technologies, while Mingyang will contribute its expertise in Power-to-X equipment application research.

Wang Jinfa, Executive Director of Ming Yang Group Central Research Institute, said: “We are very pleased to work with BASF again. BASF and Ming Yang have a solid foundation for cooperation. The two sides not only jointly carry out joint material innovation for the wind turbine blade industry, but also cooperate to develop the first offshore wind farm project in China and Germany. I believe that through this cooperation, both parties will give full play to each other’s advantages and jointly promote the large-scale application scenarios of green hydrogen ammonia in China.” Pang Hanming, Senior Vice President and Head of Business and Market Development of Greater China, BASF, said: “We are very honored to work with Ming Yang to promote innovation. We believe that by integrating the advantages and expertise of both parties, we can develop new solutions to create value for customers and help them achieve their sustainable development goals.”

Wen Hong, Vice President of Mingyang Group and General Manager of Strategic Development Center, Wang Xinjiang, Vice Chairman and General Manager of Eastern Region, Zhang Taiji, Director of Hydrogen Energy R&D Center; Saeed ALERASOOL, Chief Technology Officer and Senior Vice President of BASF Environmental Catalysts and Metal Solutions, Wei Guohui, Vice President of BASF and Head of Global Chemical Catalysts, Han Wei, Vice President of BASF and Head of Shanghai Innovation Park, and heads of relevant departments of both parties attended the meeting .

Ming Yang Group was founded in 1993 and is headquartered in Zhongshan, Guangdong, China. It has always adhered to innovation and adhered to industry. It focuses on the research and development and manufacturing of high-end new energy equipment and is committed to green, inclusive and intelligent energy. Its business covers clean energy development and operation, equipment development and engineering technology services such as wind energy, solar energy, marine energy, hydrogen energy, energy storage, smart electrical, space energy and circulating lubricants. It is a leading enterprise in the global new energy equipment industry and a provider of smart energy overall solutions. It ranks among the top 500 Chinese companies and the top 500 global new energy companies. For more information, please visit: www.myse.com.cn

About BASF in Greater China

BASF's relationship with the Greater China market dates back to 1885, when it became a loyal partner of China. As an important foreign-invested enterprise in China's chemical industry, BASF's main production bases are located in Shanghai, Nanjing, Chongqing and Zhanjiang, and the Shanghai Innovation Park is a research and development hub in the Asia-Pacific region. In 2024, BASF's sales to customers in Greater China will be approximately 8.6 billion euros, and the number of employees will be 12,687 by the end of the year. For more information, please visit: www.basf.com/cn