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Liming Chen appointed to Supervisory Board of BASF SE

15-Oct-2020

At the request of BASFSE, the Ludwigshafen local court (Amtsgericht) appointed Mr. Liming Chen (60), Chairman of IBM Greater China Group, to the Supervisory Board of BASFSE by way of a resolution dated October 8, 2020. The appointment became necessary after Dr.Alexander C. Karp, CEO Palantir ...

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BASF to increase production capacity for synthetic ester base stocks in Jinshan, China

Capacity to be almost doubled

13-Oct-2020

BASF will almost double the production capacity for its synthetic ester base stocks at its site in Jinshan, China. The investment comes in response to the rising demand for high-performance lubricants in Asia Pacific and further strengthens BASF’s position as a reliable supplier that strongly ...

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BASF closes divestiture of its Construction Chemicals business

The Construction Chemicals business now forms the newly founded MBCC Group, headquartered in Mannheim, Germany

02-Oct-2020

On September 30, 2020, effective at midnight, BASF closed the divestiture of its Construction Chemicals business to an affiliate of Lone Star, a global private equity firm. The purchase price on a cash and debt-free basis is €3.17 billion. The Construction Chemicals business now forms the newly ...

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BASF plans realignment of Global Business Services unit

Headcount in Global Business Services will decline by up to 2,000 worldwide by end of 2022

23-Sep-2020

BASF’s Global Business Services unit is being further developed. The division was established as of January 1, 2020, as part of the implementation of BASF’s corporate strategy. As of that date, around 8,400 employees worldwide transferred to Global Business Services and since then have been ...

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Pyrolysis oil from waste tires as additional raw material source

BASF invests into Pyrum as part of its ChemCycling project

23-Sep-2020

BASF SE is to invest €16 million into Pyrum Innovations AG, a technology company specialized in the pyrolysis of waste tires, headquartered in Dillingen/Saar, Germany. With the investment, BASF will support the expansion of Pyrum’s pyrolysis plant in Dillingen and the further roll out of the ...

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BASF invests in industrial artificial intelligence company

Additional partnership to bring together expertise in mineral processing, ore beneficiation chemistry and industrial AI technology

20-Aug-2020

IntelliSense.io and BASF Venture Capital (BVC) announced that BVC is leading a strategic investment round in IntelliSense.io with follow-on participation from a group of U.K.-based technology angel investors including Dr. Steve Garnett and Stephen Kelly. IntelliSense.io is a provider of AI-based ...

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BASF: EBIT declines in second quarter due to weaker demand as a result of the corona pandemic

For the third quarter, BASF does not expect EBIT before special items to improve significantly

30-Jul-2020

As expected, the economic effects of the corona pandemic had a much stronger impact in the second quarter of 2020 than in the first quarter of this year. Customer industries were affected to varying degrees: BASF was particularly negatively impacted by the collapse in demand from the automotive ...

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BASF calculates CO2 footprint of all sales products

BASF as the first chemical company with transparent emission data for the entire portfolio of approximately 45,000 products

29-Jul-2020

BASF will provide its customers with total values of CO2 emissions, so called “carbon footprints” for all of its products. The Product Carbon Footprint (PCF) comprises all product-related greenhouse gas emissions that occur until the BASF product leaves the factory gate for the customer: from the ...

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Kurt Bock elected as new chairman of the Supervisory Board of BASF SE

Successor to Jürgen Hambrecht, who is leaving the Supervisory Board as planned

23-Jun-2020

The Supervisory Board of BASF SE has elected Dr. Kurt Bock as the new chairman of the Supervisory Board of BASF SE. Bock had previously been elected to the Supervisory Board of BASF SE by the Annual Shareholders’ Meeting as a shareholder representative. The term runs until the end of the Annual ...

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BASF’s battery materials plants in Europe advance as planned

Construction started in Harjavalta, Finland and secured building permit for plant in Schwarzheide, Germany

16-Jun-2020

Preparations and construction of BASF’s battery materials plants in Europe are advancing as planned. After the casting of the foundation for its precursor cathode active material (PCAM) plant in Harjavalta, Finland, BASF has officially started construction. In addition, BASF has secured the ...

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