particle board at the SICAM. The new wood-based material, based on the Kaurit Light system, would be at least 20% lighter than conventional particle board. In November 2010, BASF SE and Ineos unveiled a joint venture to produce styrene, used to make plastics, as a way of turning their respective units into a separate entity. Markets The company operates in North America; the Asia Pacific; South America; Africa; and the Middle East. Collaborations BASF AG and OrganoBalance GmbH have entered into a collaboration agreement to commercialize pro-t-action(TM). Both the companies are based in Germany. The company and Sion Power Corporation announced a joint development agreement (JDA) to accelerate the commercialization of Sion Power's proprietary lithium-sulfur (Li-S) battery technology for the electric vehicle (EV) market and other high-energy applications. The company has entered into an agreement with Centro de Tecnologia Canavieira (CTC) to cooperate in plant biotechnology. In August 2009, RWE AG, BASF SE, and Linde Group opened a pilot CO2 scrubbing plant in Niederaussem, Germany. The plant is capable of capturing approximately 300 kg (661.4 pounds) of CO2 per hour from a partial flow of power station flue gases. In February 2010, the company announced that its Pharma Ingredients & Services unit has signed a collaboration agreement with GEA Process Engineering A/S (Gea Niro). Under the agreement, BASF would make current good manufacturing practice (cGMP) spray drying tests and control the production of active pharmaceutical ingredients at GEA Niro's site in Copenhagen. In November 2010, BASF SE had a joint venture with UK peer Ineos Industries Holdings Limited under the name of Styrolution company. In December 2010, BASF SE and INEOS Industries Holdings Ltd. of Lyndhurst, UK have a joint business venture named Styrolution. Combining their global styrene-related business activities, the new business' portfolio includes styrene-butadiene block copolymers (SBC), acrylonitrile butadiene styrene (ABS), polystyrene (PS), other styrene-based copolymers (SAN, AMSAN, ASA, MABS), copolymer blends and styrene monomers (SM), which are used in paint and coatings products. In December 2010, BASF SE and Petroliam Nasional Bhd. have established a joint venture company in Malaysia to manufacture specialty chemical products. As per the agreement, both companies would undertake economic, technical, and commercial feasibility studies to construct production facilities. In December 2010, China Petroleum & Chemical Corp. and BASF SE signed a memorandum of understanding (MoU) to jointly invest to expand their petrochemical complex in Nanjing, Jiangsu Province. Pursuant to the MoU, both parties would build an acrylic acid production facility with annual capacity of 160,000 tons and an acrylic acid butyl ester plant. History BASF SE was founded in 1865.
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