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189 Current news about the topic investmentsrss
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New methane sulfonic acid plant started up at the Ludwigshafen Verbund site
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 ...
Target footprint initially with CAM production followed by precursor cathode materials, recycling and metals refining capacities
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 ...
Increase of BASF’s global alkylethanolamines capacity to 140,000 metric tons per year
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 ...
Capital will be deployed on e-fuels to decarbonise industry and transportation sectors
Hy2gen AG, the green hydrogen investment platform, announces the successful completion of a €200 million, investment round. The capital will be used for the construction of facilities in several geographies including Europe, producing green hydrogen-based fuels – or “e-fuels” – for maritime and ...
New herbicides inhibit the growth of herbicide-resistant weeds and invasive plants
BASF Venture Capital GmbH (BVC) and Orbia Ventures today announce their Series-B investment in the Israeli biotech startup FortePhest. Founded in 2017, FortePhest is developing a new technology to combat herbicide-resistant weeds and invasive plants. Inspired and informed by natural plant ...
The company is investing a low three-digit million euro amount for this
BASF is to fundamentally modernize the entire infrastructure, including the facilities for the production of chloroformates and acid chlorides at its Ludwigshafen Verbund site. The company is investing a low three-digit million euro amount for this. The measures, which will be completed in the ...
Long-term trend towards more disinfection
LANXESS is expanding its production capacity for the active ingredient Preventol CMK (chlorocresol) at the Krefeld-Uerdingen, Germany, site by around 50 percent in response to the continuing strong demand for disinfectants and industrial preservation. The specialty chemicals company has invested ...
New world-scale HMD plant in Chalampé and expansion of polyamide 6.6 production in Freiburg
BASF decided to build a new hexamethylene diamine (HMD) plant in Chalampé, France. The new plant is set to increase BASF’s annual HMD production capacity to 260,000 metric tons. Production is expected to start in 2024. Furthermore, BASF will expand its polyamide 6.6 production in Freiburg, ...
Fermentation of sugar replaces petrochemical raw materials
Evonik is investing a three-digit million-euro sum in the construction of a new production plant for bio-based and fully biodegradable rhamnolipids. The decision to build the plant follows a breakthrough in Evonik's research and development. Rhamnolipids are biosurfactants and serve as active ...
“Over the past decade, M Ventures has established itself globally as a leading partner to the biotech and tech venture ecosystems”
Merck announced the expansion of its strategic, corporate venture capital arm M Ventures. The new investment of €600 million allocated to M Ventures will be deployed over the next five years. This is the third increase in financial commitment announced by Merck since the creation of M Ventures ...