On June 28, the third phase project of BASF Shanghai Innovation Park was officially completed, including two new R&D buildings. Since 2012, BASF's total investment in the Shanghai Innovation Park has reached about 280 million euros, further strengthening its innovation capability to better support the needs of customers in China and even the Asia Pacific region. Launched in 2012, the Shanghai Innovation Park is BASF's largest R&D base in the Asia Pacific region.