American Battery Tech Co (ABAT)

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https://www.basf.com/global/documents/en/investor-relations/calendar-and-publications/annual-shareholders-meeting/2020/BASF_Speech_AGM_2020.pdf


On page 16 from COB BASF Shareholder Meeting held on June 18 2020:

“What else are we working on? We ask ourselves: How can we help our customers to avoid CO2?
To do this, we are constantly developing new products that make a major contribution to sustainability. These are our “Accelerator” products.
We call them this because they help our customers accelerate progress towards their sustainability goals. Some prominent examples are our battery materials and our insulation materials for buildings. Both reduce CO2 emissions.
Accelerator products are important for our strategy. They are more profitable than other products in our portfolio. And they are growing much faster. This reflects the interest from our customers. This differentiates us. That is why we are increasing the share of Accelerators. By the year 2025, we want to generate €22 billion in sales with these products.
Accelerator products show the innovative power of BASF.
Another question we want to answer is: How can we advance the circular
economy?
We are conducting research on innovations that will create a circular economy for plastics. We have made great progress with “ChemCycling.”
This is chemical recycling. We transform waste plastic back into an oil.
With this recycled oil, we make brand-new products in our existing plants. For example, packaging for food. Just a few years ago, people were saying: “Recycled plastics will never be used for food packaging!”
But we have shown it can be done. On a small scale, this already works very well. Now it has to be proven on an industrial scale.
I am confident that this will result in new business models for BASF.

As you can see: We know how to do sustainability and innovation. We have innovations for the global questions of the future.
I presented three examples to you today. The BASF team has developed many innovations of this kind. And they are always coming up with new ones.”