BASF and Nexam Chemical enters commercialization phase
Nexam Chemical and BASF have successfully developed a new crosslinkable Nylon 66 and have now agreed to initiate the commercialization phase for this compound. As a consequence of this, Nexam Chemical has awarded BASF temporally limited market exclusivity for approximately two years for a compound consisting of Nylon 66 and Nexam Chemical’s crosslinker. The exclusivity is conditioned upon certain annual minimum purchases of Nexam Chemical’s crosslinker by BASF.BASF is the largest chemical company in the world and is one of the market leaders in Nylon 66. As previously announced (see