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In December 2022, BASF announced the launch of its first automotive coatings produced using a biomass balance approach in China. Among these innovations is the ColorBrite Airspace Blue ReSource basecoat, which helps reduce carbon emissions by up to 20%. The initiative also included obtaining biomass certification for the company’s resin manufacturing facilities in Caojing
- In October 2022, Asian Paints Limited entered into a definitive agreement with Aapex Power and Industries Private Limited to acquire shares of Harind Chemicals and Pharmaceuticals Private Limited
- In August 2022, Nippon Paint China partnered with BASF to introduce Joncryl HPB, BASF’s first water-based barrier coating developed for industrial packaging applications in China
- In May 2022, Allnex announced its participation in Paint India 2022, held at the JIO World Convention Center in India. The company planned to showcase an extensive range of sustainable coating technologies and other innovative solutions for industries such as automotive, wood, metal, and transportation
- In August 2021, AkzoNobel’s Dulux brand launched a USDA-certified, super-premium interior emulsion paint in India, marking the country’s first biobased paint. AkzoNobel N.V. introduced this environmentally friendly product as part of its efforts to expand green offerings in the Indian market
- In October 2020, AkzoNobel N.V. had launched a similar eco-friendly product in Vietnam under the name Air Clean Green. This paint contains 22% USDA-certified bio-based content
