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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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For a climate-friendly industry: Using carbon dioxide and hydrogen as raw materials for sustainable chemicals

Evonik and Siemens Energy put pilot plant into operations

23-Sep-2020

Evonik and Siemens Energy commissioned a pilot plant sponsored by the German Federal Ministry of Education and Research (BMBF) that uses carbon dioxide and water to produce chemicals. The necessary energy is supplied by electricity from renewable sources. The pilot plant is located in Marl, in ...

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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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LyondellBasell Successfully Starts Up New Pilot Molecular Recycling Facility

Company completes next step towards an industrial scale conversion of plastic waste into feedstock

10-Sep-2020

LyondellBasell announced the successful start-up of its MoReTec molecular recycling facility at its Ferrara, Italy, site. LyondellBasell's proprietary MoReTec advanced recycling technology aims to return post-consumer plastic waste to its molecular form for use as a feedstock for new plastic ...

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analytica 2020: World’s leading trade fair to be held virtually

analytica virtual to take the place of the presence fair in Munich

02-Sep-2020

This year, Messe München is hosting the world’s leading trade fair for laboratory technology, analysis and biotechnology as a virtual event. The new format analytica virtual will enable exhibitors to book digital trade fair booths for October 19 to 23. Furthermore, it offers all customers ...

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Evonik acquires Porocel for US$210 million to accelerate growth of catalysts business

Acquisition gives Evonik access to catalyst rejuvenation technology and to available production capacity

27-Aug-2020

Evonik is acquiring the Porocel Group for US$210 million to accelerate the growth of its catalysts business. Based in Houston, Texas, Porocel offers a technology for highly efficient rejuvenation of desulfurization catalysts, which are in increasing demand to produce low-sulfur fuel. Rejuvenation ...

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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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LANXESS to sell organic leather chemicals business to TFL

TFL will take over all operations of the organic leather chemicals business line from LANXESS with a total of around 460 employees

13-Aug-2020

Specialty chemicals company LANXESS is selling its organic leather chemicals business to TFL Ledertechnik GmbH. TFL is a global supplier of leather chemicals and a portfolio company of US investment company Black Diamond Capital Management, L.L.C. Both companies signed an agreement to this effect ...

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analytica 2020: The world’s leading trade fair extends its reach with analytica virtual

First complementary laboratory fair

13-Aug-2020

analytica gets a digital extension. With the new format analytica virtual, the world’s leading trade fair for laboratory technology, analysis and biotechnology also enables those exhibitors and visitors to participate who due to travel restrictions cannot come to Munich. In addition, parts of the ...

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Start-ups in Germany are rarely based on radical innovations

Accelerating effect through crises

13-Aug-2020

The founding processes in the "alternative energies" and "information technologies" sectors are proceeding faster in Germany than in the USA. This is the result of an international research project of the IfM Bonn and the University of Utrecht, which evaluated a survey of founders in Germany, the ...

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