Mining Solutions BASF Starts Mining Solutions Venture in China
Through chemical injection and cavity filling, substances such as polyurethanes or other construction chemicals can be introduced in mining processes. BASF intends to establish these technologies in China through a new joint venture.
Ji’Ning, VR China – BASF and Ji’Ning Hock Mining & Engineering Equipment Company Limited (Hock) have received approval from all relevant antitrust authorities in China for the formation of BASF Hock Mining Chemical (China) Company Limited. BASF takes a 75% majority stake in the new venture. The company will continue Hock’s existing business activities in the field of chemical injection and cavity filling products for coal mining and other underground applications.
While injection technology has been present in European markets such as Germany for the past 30 years, it was only introduced in China 10 years ago. Through chemical injection and cavity filling, substances such as polyurethanes or other construction chemicals can be introduced into fractured rock, sands, gravel or coal to avoid water or gas accumulation and stabilize cavities in tunnels.
Growing Market for Solutions Serving the Coal Mining Industry
There is a growing market for solutions serving the coal mining industry, driven by the continuing growth in demand for coal. Demand is expected to rise for at least the next 20 years, primarily in the non-OECD countries such as China and India where coal is used for power generation, for steel and cement production, and as a raw material in the chemical industry.