BASF and Aspen Aerogels expand partnership
BASF and Aspen Aerogels announced the expansion of their strategic partnership with the signing of an addendum to their exclusive supply agreement. The addendum provides for the production and supply of a new non-combustible, high-performance thermal insulation product. The new product, complimentary to the existing Silica aerogel Slentex is said to have shown excellent performance in early testing with lead customers. As part of the agreement, Aspen has received a second tranche of prepayment from BASF which will be used to support product optimization and new process development. BASF receives exclusive rights to market the newly developed product.
Slentex represents an innovative non-combustible thermal insulation technology with its unique combination of thermal performance and a non-combustible fire rating. The material was developed for applications in the building and construction sector, including façade systems, thermal bridges and transition areas. The new insulation product will also target broader applications beyond the construction industry.