I can only reason that the expectation was that the ‘merger’...

I can only reason that the expectation was that the ‘merger’ would take place and the merged entity would be involved. Maybe it was a final pump before it’s demise? Maybe there were some good relationships already established from when they had plans to build a chemical plant.

Either way it’s non binding and essentially is just the beginning of a process towards a binding off take that costs BASF very little. The only conditions that really matter will be in a binding off take if qualification progresses to a level that they are willing to commit.