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BASF ramps up methane sulfonic acid output

New methane sulfonic acid plant started up at the Ludwigshafen Verbund site

06-May-2022

Global demand for methane sulfonic acid (MSA) has increased steadily over the past years. This trend is fueled by a growing interest in environmentally optimized products and formulations. In response to growing customer demand, BASF has invested a higher double-digit million euro amount to ...

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BASF achieves strong EBIT before special items despite significantly higher energy and raw materials prices

Sales grow to €23.1 billion

29-Apr-2022

The first quarter of 2022 was characterized by significantly higher energy and raw materials prices as well as supply chain disruptions. “Nevertheless, we had a very good start to the year 2022,” said Dr.Martin Brudermüller, Chairman of the Board of Executive Directors of BASFSE, at the ...

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BASF to wind down activities in Russia and Belarus

Except for business that supports food production

28-Apr-2022

As announced on March 3, 2022, BASF has not conducted new business in Russia and Belarus, in light of the war of aggression against Ukraine ordered by the Russian government. BASF strongly condemns the Russian attack on Ukraine and the violence against the civilian population. The Board of ...

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BASF invests in Oceanworks, a sustainable plastic sourcing platform

Startup offers platform for ocean, ocean-bound, and post-consumer-recycled (PCR) plastic sourcing

31-Mar-2022

BASF Venture Capital GmbH (BVC), the corporate venture company of BASF Group, announced a strategic investment in Oceanworks, a sustainable plastic solutions provider that brings traceability and transparency through digitalization to recycled plastics. Oceanworks is based in the U.S. and offers ...

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BASF confirms ambitious climate targets and takes steps to reduce product-related emissions

25 percent reduction of CO2 emissions by 2030 compared with 2018 and net zero by 20501 targeted

30-Mar-2022

One year after its initial announcement, BASF has reaffirmed its ambitious climate targets. In an update for investors and financial analysts on its transformation roadmap BASF confirmed that by 2030 it aims to reduce its greenhouse gas emissions by 25 percent compared with 2018 and is ...

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BASF and REEF Technology sign strategic cooperation agreement to improve the quality of plastic recyclate materials

22-Mar-2022

BASF has signed a strategic cooperation agreement with Zhejiang REEF Technology Co., Ltd. to develop state-of-the-art recyclate formulations for applications used in the automotive, packaging and consumer industries. Under the agreement, BASF will provide its recently launched IrgaCycle™ additive ...

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BASF to increase capacity for plastic additives in Europe

Capacity expansion will increase production of HALS light stabilizers in Italy and Germany

16-Mar-2022

BASF will increase production capacity for its hindered amine light stabilizers (HALS) at sites located in Pontecchio Marconi, Italy and Lampertheim, Germany. As part of a multi-step investment plan, BASF aims to support the growing demand for light stabilizers used in durable plastics ...

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BASF acquires site for North American battery materials and recycling expansion in Canada

Target footprint initially with CAM production followed by precursor cathode materials, recycling and metals refining capacities

07-Mar-2022

BASF signed an agreement to secure land for its future cathode active materials and recycling site in Bécancour, Quebec, Canada, as part of its commitment to support North American producers in their transition to e-mobility. A regional supply chain is critical to ensure reliable and resilient ...

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BASF builds new plant for alkylethanolamines at Antwerp site

Increase of BASF’s global alkylethanolamines capacity to 140,000 metric tons per year

02-Mar-2022

BASF builds a new world-scale production plant for alkylethanolamines at the Verbund site in Antwerp, Belgium. After the planned start-up in 2024, the company will increase the global annual production capacity of its alkylethanolamines portfolio containing, amongst others, dimethylethanolamines ...

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BASF achieves strong earnings growth in full year 2021

Sales: €78.6 billion (plus 33 percent)

25-Feb-2022

BASF Group significantly increased sales and earnings in the 2021 business year. “It was a strong and successful year for BASF,” said Chairman of the Board of Executive Directors, Dr.Martin Brudermüller, who presented the BASF Report 2021 together with Chief Financial Officer Dr.Hans-Ulrich ...

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