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1,408 Current news of BASF
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Wintershall Dea intends to fully exit Russia
18-Jan-2023
BASF has released preliminary figures for the full year 2022. Expected sales of €87,327 million and expected income from operations (EBIT) before special items of €6,878 million are in line with the ranges forecast by BASF and at the level of average analyst estimates for 2022. The BASFGroup’s ...
13-Jan-2023
BASF has appointed Dr. Achim Sties to lead the global plastic additives business unit effective January 1, 2023. The headquarters of this business will be in Singapore. Prior to his current role, Achim Sties was already heading the plastic additives business in Europe. He began his career with ...
BASF launches final expansion phase: total investment of around $1 billion
12-Jan-2023
BASF has broken ground on the third and final phase of the methylene diphenyl diisocyanate (MDI) expansion project at its Verbund site in Geismar, Louisiana, announced in July 2022. The company will increase production capacity to approximately 600,000 metric tons per year by the middle of the ...
White biotechnology is becoming an increasingly important part of BASF’s toolbox
18-Nov-2022
At BASF, innovation and sustainability are inextricably linked. Researchers worldwide are working on innovative solutions to tap alternative raw material sources and to develop climate-friendly production processes and products. Current research projects and examples of innovation for various ...
15-Nov-2022
BASF Stationary Energy Storage GmbH (BSES), a wholly owned subsidiary of BASF SE, and G-Philos, Korea’s leader in power-to-gas (P2G) technology, signed a sales and marketing agreement for NAS batteries (sodium-sulfur stationary batteries) for P2G projects, power grid and microgrid applications. ...
01-Nov-2022
The Surface Treatment global business unit of BASF’s Coatings division, operating under the Chemetall brand, opened its first regional innovation and technology center for applied surface treatment technology in Shanghai, China. The new 2,600 square meter center will focus on developing advanced ...
Announced cost savings program of €500 million annually
27-Oct-2022
“Despite the continued high raw materials and energy prices, BASF achieved solid earnings in the third quarter,” said Dr.Martin Brudermüller, Chairman of the Board of Executive Directors of BASFSE, presenting the results for the third quarter of 2022 together with Chief Financial Officer ...
Hans-Ulrich Engel to retire following the 2023 Annual Shareholders’ Meeting
21-Oct-2022
The Supervisory Board of BASF SE extended the appointment of Dr. Martin Brudermüller (61) as BASF’s Chairman of the Board of Executive Directors until the end of the 2024 Annual Shareholders’ Meeting; Brudermüller’s appointment was originally scheduled to end in 2023. Brudermüller has been ...
Supporting customers’ growing demand in China, the world’s largest chemical market
12-Oct-2022
BASF will invest in a new world-scale Neopentyl Glycol (NPG) plant with an annual production capacity of 80,000 metric tons at its new Zhanjiang Verbund site, China. With the new NPG plant expected to come on stream in Q4 2025, BASF’s global NPG capacity will be boosted from 255,000 metric tons ...
07-Oct-2022
Subject to the approval of all relevant authorities, BASF and Hannong Chemicals are planning to establish a production joint venture “BASF Hannong Chemicals Solutions Ltd.”. BASF will hold 51% and Hannong Chemicals 49% shareholding, in the proposed joint venture. The joint venture will combine ...