Joint News Release
- Kingenta to launch novel fertilizers coated with BASF’s new product Limus®
- Limus®, a urease inhibitor, addresses the serious problem of nitrogen loss in urea-based fertilizers
- Limus® -treated fertilizers will be available in Chinese market as of July 2016
Linshu, China – June 23, 2016 – Today, BASF and Chinese fertilizer supplier Kingenta announced their partnership to bring farmers in China novel fertilizers coated with BASF’s new Limus® technology. Limus® addresses a pressing issue in agriculture: the loss of nitrogen in urea-based fertilizers. The new technology allows farmers to achieve greater harvests by protecting against this overuse of resources.
With conventional fertilizers, only 50% of the available nitrogen is taken up by plants. These losses occur through volatilization and leaching, processes that are tough to control. Limus® is one of the most effective urease inhibitors worldwide. With this breakthrough innovation, the volatilization can be reduced by up to 90%. The result is that more food can be produced with less nitrogen, significantly increasing resource efficiency. Limus® will allow farmers to simplify their fertilization practice, make the most of their investment and increase yield potential while at the same time contributing to a healthier environment.
In this partnership, BASF will provide Kingenta with its Limus® technology. Kingenta, one of the largest fertilizer suppliers in China, will directly promote and sell Limus®-treated fertilizers in China from July 2016 onwards.
“With this powerful collaboration, we combine a fantastic product with high-end expertise in the Chinese fertilizer market,” says Mark Shillingford, Head of Marketing BASF Crop Protection China Limited. “BASF and Kingenta have jointly developed a solution to one of the most important challenges in agriculture,” concludes Shillingford.
Farmers are constantly seeking new ways to produce more with less input and therefore be able to supply the increasing demand for food and feed. Fertilizers have become an essential resource to help achieve that. However, the excessive nitrogen loss results in farmers having to apply more fertilizer, which can be costly and can have negative impact on the environment.
“BASF has invested significantly into R&D to solve drawbacks of generic urease inhibitors. Limus® has an outstanding biological performance through two active ingredients and a longer shelf life due to BASFʼs polymer technology used in its formulation. Thatʼs why it is the best urea protection for optimal plant nutrition,” says Dr. Markus Schmid, Director Global Limus® launch, BASF Crop Protection.
“The strategic cooperation between Kingenta and BASF will be a mutually advantageous combination of technology, product, brand, channel and services. Kingenta commands advanced production technology and a strong service network for marketing throughout China. The cooperation with BASF’s urease inhibitor product brings customers both an excellent product and service. In the future, highly efficient products made from Kingenta’s technology and BASF inhibitor Limus®, will be promoted rapidly throughout a sales service network of 100,000 covering the entire Chinese market. Together, we will provide farmers with highly efficient and environmentally friendly products and will boost yield increase,” said Mr. Yang Guanbo, Vice President of Marketing & Sales at Kingenta.
Kingenta Ecological Engineering Group Co., Ltd. (Kingenta) is a Chinese Hi-tech Enterprise and National Innovation-oriented Enterprise, which is devoted to R & D, production and marketing of specialty fertilizers including compound fertilizers (CF), slow/controlled-release fertilizers (SCRF), water-soluble fertilizer (WSF) and other high-end products. 1n 2016, Kingenta announced an agreement to purchase Compo GmbH. Since its inception in 1998, Kingenta devoted itself on serving growers worldwide. Over 18 years’ strenuous efforts, Kingenta has grown to be a national innovative enterprise with total assets of RMB 11 billion , over 10,000 employees, and annual capacity of 7 MMT. Kingenta was listed on Shenzhen Stock Exchange (002470) in 2010. In 2015, the sales revenue was RMB 18 billion. See www.kingenta.com or our social media channels for more information.
About BASF’s Crop Protection division
With sales of more than €5.8 billion in 2015, BASF’s Crop Protection division provides innovative solutions for agriculture, turf and ornamental plants, pest control and public health. Our broad portfolio of active ingredients, seed treatments, biological controls, formulations and services optimizes efficient production of high quality food and protects against post-harvest loss, damage to buildings and the transmission of disease. By delivering new technologies and know-how, BASF Crop Protection supports the effort of growers and pest management professionals to make a better life for themselves and society. Further information can be found on the web at www.agro.basf.com or on our social media channels.
At BASF, we create chemistry for a sustainable future. We combine economic success with environmental protection and social responsibility. The approximately 112,000 employees in the BASF Group work on contributing to the success of our customers in nearly all sectors and almost every country in the world. Our portfolio is organized into five segments: Chemicals, Performance Products, Functional Materials & Solutions, Agricultural Solutions and Oil & Gas. BASF generated sales of more than €70 billion in 2015. BASF shares are traded on the stock exchanges in Frankfurt (BAS), London (BFA) and Zurich (AN). Further information at www.basf.com.