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BASF releases preliminary figures for full year 2022

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 ...

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Achim Sties appointed new Senior Vice President of BASF plastic additives

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 ...

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BASF breaks ground on MDI capacity expansion project at Geismar site

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 ...

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Small but powerful – microorganisms contribute to greater sustainability at BASF

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 ...

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BASF and G-Philos intensify cooperation on stationary storage systems for renewable energy projects

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. ...

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BASF launches Chemetall Innovation and Technology Center for surface treatment solutions in China

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 ...

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BASF achieved solid EBIT before special items despite continued high raw materials and energy prices

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 ...

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BASF’s Supervisory Board confirms Martin Brudermüller as Chairman of the Board of Executive Directors and appoints Dirk Elvermann 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 ...

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BASF to build Neopentyl Glycol plant at Zhanjiang Verbund site in China

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 ...

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BASF and Hannong Chemicals are planning to establish a production joint venture for the commercial production of non-ionic surfactants in Asia Pacific

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 ...

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