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On December 11, BASF, Mifunagaku Kogyo Co., Ltd. (referred to as “Mifunagaku Kogyo”), and Liki Advanced Materials Co., Ltd. (referred to as “Liki Advanced Materials”) signed a memorandum of understanding aimed at jointly developing sustainable solutions for the footwear industry, with a focus on thermoplastic polyurethane (TPU) products, in order to help achieve their common goal of net-zero emissions by 2050. The first milestone of this partnership is the introduction of TPU films that meet the Global Recycled Standard (GRS) certification, offering excellent performance alongside environmental friendliness. GRS is an internationally recognized certification system used to verify the use of recycled materials in products. It provides a reliable framework for tracking the content of recycled materials throughout the entire supply chain, ensuring transparency and integrity across the whole process. This collaboration made full use of the professional strengths of all parties involved. As one of the world’s leading chemical companies, BASF possesses extensive expertise in sustainable materials, functional materials, and related applications. Since its establishment in 1973, Mifunaga Chemical has been dedicated to research and development of key raw materials as well as innovation in application technologies, focusing on the promotion of environmentally friendly products in the field of circular economy (such as recycled polyester polyols). Liji Advanced Materials specializes in high-performance soft films, boasting advanced manufacturing capabilities and a deep understanding of the shoe industry market. Lin Zhiyi, General Manager of Sanfang Chemical, said, “We are proud to collaborate with BASF and Liki Advanced Materials to develop innovative, sustainable solutions that meet global standards for the footwear industry, thereby creating tangible value for brands and consumers in ** and other regions.” ” Liji Advanced Materials leverages Sanbo Chemical’s technical expertise in recycled polyester polyols, as well as its extensive knowledge in TPU film applications, to drive innovation within the industry. Leveraging its advanced TPU technology and global presence, BASF further strengthens its core capabilities to promote the widespread use of recycled materials. Martin Jung, President of BASF’s Performance Materials Business Unit, said, “We are honored to work together with Mifun Chemical and Liki Advanced Materials to fulfill our commitment to sustainable development.” Leveraging our technical expertise and material knowledge in the field of TPU, we help brands apply recycled materials on a large scale in their product lines. This partnership works together to accelerate the achievement of a circular economy for plastics, reduce carbon emissions, and set new benchmarks for the sustainable development of the industry. ” In the future, the three parties will rely on technological innovation, resource integration, and strict quality control to work together in promoting the widespread use of recycled materials in shoe materials and related applications, thereby laying a solid foundation for the sustainable development of the shoe material industry.