- Second registration phase begins; around 700 substances to be registered by 2013
- Expertise in evaluating substances and our cost-effective processes offer significant competitive advantages in the implementation of REACH
We began implementing the second registration phase of REACH in 2011. We have notified the European Chemicals Agency (ECHA) of 4,000 substances for inclusion in the Classification and Labeling Inventory. By 2013, BASF will have registered nearly 700 substances with ECHA which are produced or imported in quantities between 100 and 1,000 metric tons per year. Nearly a quarter of these substances were added to our portfolio as a result of the integration of the former Cognis businesses. We expect that the cost of implementing REACH will continue to average around €50 million per year.
We consider it an important competitive advantage that we have expertise in evaluating substances as well as cost-effective processes, which we can use to implement these regulations. When it comes to REACH, we are in close contact with our customers and suppliers to ensure we have secure supplies of the raw materials we need and to strengthen customer relationships. Another way in which BASF contributes to international chemical safety is through our support of the United Nations’ initiative to implement a Globally Harmonized System (GHS) of Classification and Labeling of Chemicals.