
BASF Sells Majority Stake in Coatings Business
BASF sells a majority stake in its coatings business to the investor Carlyle.
BASF sells a majority stake in its coatings business to the investor Carlyle.
Private equity firm Carlyle is leading discussions to acquire the coatings division of German chemical giant BASF, a source familiar with the matter told Reuters.
The transaction includes the production site in Illertissen, Germany, three application laboratories outside Germany, and ~300 employees who have transferred to Louis Dreyfus Company (LDC) as part of the acquisition.
BASF and cooperation partner GIG Karasek have celebrated the symbolic ground-breaking ceremony for one of the world's largest industrial heat pumps for CO2-free steam generation at the Ludwigshafen site.
BASF and Yara International have jointly decided to discontinue their project to develop a low-carbon ammonia production facility with carbon capture and storage in the US Gulf Coast region.
BASF has acquired DOMO Chemicals' 49% stake in the Alsachimie joint venture and is now the sole owner of the production company for essential precursors of polyamide (PA) 6.6, including KA oil, adipic acid and hexamethylenediamine adipate (AH salt) in Chalampé, France. The parties have agreed not to disclose financial details of the transaction.
BASF has opened a new Good Manufacturing Practice (GMP) Solution Center in Wyandotte, Michigan, to support the supply of bioprocessing ingredients and excipients for the biopharma and pharmaceutical industries.
BASF has announced the successful startup of its new world-scale hexamethylenediamine (HMD) plant in Chalampé, France, construction of which began in 2022.
BASF and DOMO Chemicals have signed an agreement giving BASF the right to acquire DOMO Chemicals' 49% stake in the Alsachimie joint venture, in which BASF currently holds 51%.
BASF produces the renewable ammonia grades at its Verbund site in Ludwigshafen.
For sustainable food packaging, Metpack is now offering coated paper and cardboard that is home compostable.
BASF has divested its shares in the joint venture companies, BASF Markor Chemical Manufacturing (Xinjiang) Co., Ltd. and Markor Meiou Chemical (Xinjiang) Co., Ltd. in Korla, China, to Verde Chemical Singapore Pte. Ltd.
Cellasto, the world leader in Noise, Vibration and Harshness (NVH) components, is investing roughly €60 million to establish a second plant in Shanghai, China.
BASF and Braven Environmental, a market leader in advanced recycling, have signed a supply agreement for Braven PyChem. This recycled feedstock, derived from mixed plastic waste, will partially replace fossil resources at the BASF TotalEnergies Petrochemical (BTP) facility in Port Arthur, Texas, US, the companies said. Under the agreement, Braven will supply BASF from a multi-unit facility that it plans to build in Texarkana, Texas.
BASF India Ltd. has broken ground on a new plant to increase the production capacity of its Cellasto microcellular polyurethane (MCU) in Dahej, India.
The Global Impact Coalition (GIC), a CEO-led collaborative platform originally incubated at the World Economic Forum, launches the world’s first Automotive Plastics Circularity pilot together with seven global leaders in the chemical and recycling industries.
The path to a sustainable, net-zero future for the chemical industry is paved with challenges – and also opportunities.
The path to a sustainable, net-zero future for the chemical industry is paved with challenges – and also opportunities.
US specialty chemicals company Solenis has acquired BASF’s flocculants business for mining applications. With this strategic acquisition, Solenis enhances its portfolio for mining and mineral processing customers. The transaction, for which financial details were not disclosed, was first announced in July.
BASF's Coatings division has inaugurated its new application and technical center in Jiangmen, China, which is located within the site of BASF Coatings (Guangdong) (BCG).
BASF and Eramet Cancel Plans on Nickel-Cobalt Refining Complex in Indonesia
In this interview, Charlie Tan, CEO of the Global Impact Coalition (GIC), explains the initiative’s scope and describes some key activities.
BASF is to invest in the expansion of its advanced additives plant at Nanjing, China. The expansion includes a state-of-the-art production line for the company’s high-performance controlled free radical polymerization (CFRP) dispersants used in the coatings industry. The new line is planned to start up by the end of 2025.
BASF has started operations at its prototype metal refinery for battery recycling in Schwarzheide, Germany. The plant enables the development of operational procedures and the optimization of innovative battery recycling technology, processing end-of-life lithium-ion batteries and battery production scrap, the company said.
BASF has completed its capacity expansion for key specialty amines manufactured at its US site in Geismar, Louisiana. The project, announced in June 2022, allows the company to increase production of polyetheramines and amine catalysts marketed under the Baxxodur and Lupragen brands.
The European Chemical Industry Council, CEFIC, announced 26 companies and national associations as the key initiatives featured in the 2023 European Responsible Care Awards Gallery.
BASF invested over €500 million to increase its production capacity by 400,000 metric tons per year. The expansion includes a world-scale ethylene oxide plant and additional capacities for EO derivatives. This investment aims to meet the rising customer demand for alkoxylates in the home care, industrial & institutional industries, and various industrial applications.
Cheniere Energy and BASF signed a long-term liquefied natural gas (LNG) sale and purchase agreement (SPA).
KHUA plans to build a production plant for high-quality powder coatings in Zhanjiang and concludes a supply agreement for the precursor neopentyl glycol with BASF.
The Thailand branch of German engineering contractor Thyssenkrupp Uhde has won a contract by BASF to provide engineering services and proprietary equipment supply for its new non-ionic surfactant (NIS) plant at its Zhanjiang Verbund Site Project in Guangdong Province, China.
BASF and Yara Clean Ammonia (YCA), a unit of Norwegian fertilizer producer Yara, have teamed up on a joint study to develop and build a world-scale low-carbon blue ammonia production facility with carbon capture in the US Gulf Coast region.
Venture Global, a US-based exporter of LNG, which has just agreed two major supply deals with German customers, says it is on track to solidify its position as the country’s largest supplier of liquefied natural gas.
BASF has broken ground for its new 50,000 t/y polyethylene plant due to go on stream at its integrated production site in Zhanjiang, China, in 2025. The new facility will be its first PE unit in the People’s Republic.
Shell is reviewing operations in Singapore, with a view to repurposing, selling or decommissioning assets in Bukom and Jurong Island. The energy and chemicals giant will also “high-grade and right-size” its energy and chemicals parks in Europe, which could mean plant closures.
To meet growing global demand, BASF is expanding output of global alkyl polyglucosides (APGs) at Bangpakong, Thailand, and Cincinnati, Ohio, USA. The group also produces the mild surfactants at Düsseldorf, Germany, and Jinshan, China. In North America, it is sole manufacturer.