PR98250

TAICHUNG, Oct. 14, 2022 /PRNewswire=KYODO JBN/ --

Shoemaking machinery leader King Steel Machinery, German chemical company BASF,

and elastomer manufacturer Otrajet have signed a joint development agreement

(JDA) to develop energy-saving processes that allow for manufacturing of

100-percent recyclable products. Combining expertise in plastic injection

machine design, physical foaming, and special polymer elastic materials, the

companies' manufactured products will meet industry demands in footwear, auto

parts, toys, sports gear, and household products, while also providing

solutions in carbon neutrality, circular economy, and ESG.

"After years of development, we have launched NexCell(R) – the world's first

supercritical fluid-foamed elastomer injection solution – to inject energy into

circular economies and global sustainable efforts," said Jim Chen, General

Manager of King Steel. "I'm thrilled to cooperate with BASF and Otrajet on ESG

and developing safe, carbon-reducing products to build a sustainable society

and ecology."

"With the support of King Steel's NexCell(R) technology, we are confident in

the market development of sustainable material solutions using physical foaming

processes to replace traditional non-recyclable materials," said Kin Wah Chay,

Managing Director of BASF Taiwan. "In addition to jointly exploring business

opportunities in footwear, sports and leisure industries, we look forward to

more collaboration with King Steel on sustainable materials and processes to

contribute to the development of circular economy."

"NexCell(R) foamed elastomer is 100 percent recyclable." said Wayne Chen,

Development Associate Manager of Otrajet "As the process has cut out chemical

cross-linking agents, products can be recycled into raw materials and returned

to manufacturing, completing the rubber and plastics industry's circular

economy puzzle."

On October 19, King Steel will unveil NexCell(R) in Dusseldorf, Germany, at

K-Fair, the world's largest rubber and plastics exhibition, and demonstrate the

NexCell(R) process using BASF's thermoplastic polyurethane materials,

exhibiting at the King Steel booth.

About King Steel

Established in 1978, King Steel  works on innovation progress of foam elastomer

equipment, releasing the world's first SCF IMM " NexCell" to inject new energy

into the global circular economy and sustainable management.

About BASF

At BASF, we create chemistry for a sustainable future. We combine economic

success with environmental protection and social responsibility. Around 111,000

employees in the BASF Group contribute to the success of our customers in

nearly all sectors and almost every country in the world.

About Otrajet

Founded in 2013, Otrajet focuses on the development, manufacture, and marketing

of elastomers.

SOURCE King Steel Machinery Co., Ltd.

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   Caption: Taiwan’s King Steel Joins Forces with BASF on a Low-Carbon Circular Economy