BASF uses Elemica for contract buying and selling
BASF is also increasing its sales through Elemica. For example, a contract for BASF to supply formic acid to Bayer will now be processed via Elemica. The product is used in a variety of applications such as the production of textile chemicals and as a raw material for coatings. This step will be followed by others: In the future, BASF plans to conduct its entire contract business with Bayer in the area of chemicals stepwise through Elemica.
These contracts significantly extend BASF's network with Elemica and make the company one of the marketplace's most important users. BASF conducted its first transactions via Elemica in Europe and the United States in spring this year.
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