Masdar, an Abu Dhabi-based renewable energy company, has entered into a strategic agreement with German chemical company BASF for collaboration on the construction of Masdar City, the world's first carbon-neutral and zero-waste city.

The company believes that in order to reduce the energy demand in Masdar City, BASF will play an integral role in the city's construction by offering its extensive portfolio of innovative solutions for sustainable and energy-efficient construction.

It should be noted that BASF has been named as a 'preferred supplier' of construction materials and system solutions for the city's construction.

Masdar City, currently in its first phase of construction, is approximately 30 kilometers from downtown Abu Dhabi.