BASF Report 2021 Management’s Report – Surface Technologies 82 Surface Technologies The Surface Technologies segment comprises the Catalysts and Coatings divisions, which offer chemical solutions for surfaces. Its portfolio serves industries such as the auto- motive and chemical sectors and includes automotive OEM and refinish coatings, surface treatment, catalysts, battery materials, and precious and base metal services. We improve our customers’ applications and processes with tailored products, technologies and solutions, and support them through geographical proximity across all regions. The aim is to drive BASF’s growth by leveraging our portfolio of technologies and expanding our position as a leading and innovative provider of battery materials and surface coatings solutions. For more information on the Surface Technologies segment’s business model, see page 33 onward Tri-Metal Catalyst technology BASF’s innovative Tri-Metal Catalyst tech- nology enables the partial substitution of palladium with platinum in production pro- cesses. Although slightly more palladium is produced every year than platinum, demand for palladium is currently around three times higher. Tri-Metal Catalysts help Sales to reduce costs for automotive manu fac- €22,659 million turers and partially alleviate deficits in the platinum metals market. With this tech- 2020: €16,659 million nology, BASF expects to expand its market share and anticipates a total annual sales EBIT before special items potential of around €175 million by 2026. €800 million Discover Tri-Metal Catalysts at catalysts.basf.com 2020: €484 million