German chemicals producer BASF is likely to announce a new multi-year supply contract in China from Zhanjiang by the end of 2027.

On 2 November China’s industry ministry published a five-agency plan for more than 100 national standards to measure product emissions across manufacturing and energy by 2028. Common calculations will let carmakers and appliance producers verify the emissions savings they are being asked to pay for. BASF’s €8.7 billion Zhanjiang complex uses renewable electricity throughout its production operations which gives it a measurable advantage when buyers compare materials made using different energy sources. The company acknowledged in March that green products still rarely command the broad price premiums needed to support large decarbonisation investments. BASF already offers Zhanjiang products with reported carbon footprints at least 30% below defined benchmarks which gives it materials to offer industrial customers seeking those reductions.