BASF

27.02.2023 • News

BASF Plans Major Cutbacks at Ludwigshafen

Major changes are in store for BASF, as the world’s largest chemical producer comes to grips with severe pressure on profits from soaring energy prices.

21.02.2023 • News

Archroma to Close Huntsman Textile Effects Buy on Feb. 28

Switzerland’s Archroma said it has secured all regulatory approvals required to complete the acquisition of the Textile Effects portfolio of US chemical producer Huntsman and expects to close the transaction this week, on Feb. 28.

10.02.2023 • News

Solenis Closes Grand Invest Acquisition

Solenis, a US producer of specialty chemicals for water-intensive industries, has closed its acquisition of Peru’s Grand Invest. The Wilmington, Delaware-headquartered company said the purchase aligns with its direct go-to-market strategy to provide customers in the region with improved chemical and water treatment products and services.

19.01.2023 • News

Wintershall Dea Spoils BASF’s 2022 Performance

Russia’s invasion of Ukraine in February 2022 cut a huge hole in the balance sheet of German chemical giant BASF. In preliminary figures published on Jan. 17, 2023, the Ludwigshafen group said it expected to post a related net loss of nearly €1.4 billion for the full year.

18.01.2023 • News

Ineos to Acquire MBCC’s Admixtures Business

Ineos Enterprises has signed an agreement to buy MBCC Group’s admixture business from Sika. The deal is required by European antitrust regulators to approve Sika’s purchase of the MBCC Group, formerly BASF Construction Chemicals. The transaction is scheduled to complete in the first half of this year, subject to regulatory approvals.

13.01.2023 • News

BASF breaks Ground on Geismar MDI Capacity Upgrade

BASF has broken ground on the third and final phase of its expansion project for polyurethane precursor MDI at its integrated site in Geismar, Louisiana.

08.11.2022 • News

Shell and Partners Explore Carbon Capture in China

Shell has signed a non-binding Memorandum of Understanding (MoU) with BASF and Chinese state-owned groups, including chemical producer Sinopec and steel maker Baowu, to explore the feasibility of developing an open-source carbon capture, utilization and storage (CCUS) project in East China.

03.11.2022 • News

Clariant Completes Attapulgite Acquisition

Swiss specialty chemicals producer Clariant has completed the takeover of BASF’s US-based attapulgite business assets.

13.10.2022 • News

BASF Plans European Austerity as Outlook Dims

Against the backdrop of weaker than expected third-quarter earnings – “significantly worse” in Europe and a negative result in Germany – as well as deteriorating framework conditions, BASF is launching a cost-saving program focused on those two strategic markets.

12.10.2022 • News

BASF and GS E&C Sign MOU for CCUS Solutions

BASF and South Korea’s GS Engineering and Construction (GS E&C) have signed a Memorandum of Understanding (MoU) to jointly develop modular solutions for carbon capture facilities.

07.10.2022 • News

Fluor Wins BASF China Contracts

Fluor has been granted two reimbursable contracts worth more than $2 billion for engineering, procurement and construction management services at BASF’s ethylene oxide/ethylene glycol (EO/EG) project in Zhanjiang, Guangdong province, China.

04.10.2022 • News

Solenis to Buy KLK Kolb’s Paper Process Chemicals

Solenis, globally oriented producer of specialty chemicals for water-intensive industries, has entered a definitive agreement with Kolb Distribution, part of KLK Kolb, to acquire Kolb’s paper process chemicals business. The deal is expected to close by the end of Q1 2023, subject to regulatory approval and customary closing conditions.

23.09.2022 • News

BASF Licenses RiKarbon’s Bio-based Emollient Technology

BASF has entered into an exclusive licensing deal with US start-up RiKarbon to commercialize the latter’s proprietary emollient technology.

08.09.2022 • News

BASF Commissions Solar Farm at Schwarzheide

BASF Schwarzheide, subsidiary of the German-multinational chemical group, together with local east German utility company Envia Mitteldeutsche Energie, has commissioned the region’s first solar farm. The project was announced by BASF last year as part of its plans to focus on renewable energy for its chemical production.

06.09.2022 • News

BASF, SABIC and Linde Start Building Demo E-cracker

BASF, SABIC and Linde have started building a plant to demonstrate using electricity instead of natural gas to heat steam cracker furnaces. The move follows the signing of a joint agreement in March 2021 to develop and demonstrate solutions for electrifying steam crackers.

05.09.2022 • News

BASF to Collaborate with Sulzer ChemTech

Germany’s BASF and Swiss-based technology firm Sulzer Chemtech have announced plans to collaborate on finding sustainable solutions for a number of industrial applications, in particular renewable fuels and chemically recycled plastics.

11.08.2022 • News

BASF Pushes Renewable Energy in US

As one of the BASF group’s latest steps to increase sustainability and move closer to net zero emissions, US subsidiary BASF Corporation is embracing one of the newest instruments popular with US industry, virtual power purchase agreements (VPPAs).

08.08.2022 • News • Technology

Digitalization And Sustainability

In addition to the transformation towards a climate-neutral chemical industry and the perennial topic of digitalization, the current global political situation also poses massive challenges for the process industry. Which technologies can be used to achieve defossilization? How to secure and enhance regional and global supply chain networks? And what hurdles must be overcome in the digitalization of the industry?

28.07.2022 • News

Ammonia Producers may Cut Output to Save Gas

After Russia announced further cuts in its gas supply to Germany starting Jul. 27, ammonia producers were weighing plans to curb output of the commodity, for which natural gas is the key feedstock.

20.07.2022 • News

BASF Kicks off Final US Expansion Round for MDI

BASF has kicked off the third and final round of its expansion project for polyurethanes precursor MDI at Geismar, Louisiana.

23.06.2022 • News

BASF to Build Battery Recycling Plant at Schwarzheide

German chemical giant BASF has announced it will build a commercial scale battery recycling black mass plant in at its Schwarzheide, Germany, site, strengthening the location’s activities in production and recycling of cathode active materials (CAM).

17.06.2022 • News

BASF Shanshan Expanding Battery Materials Output

BASF Shanshan Battery Materials (BSBM), a 51:49 joint venture of the German chemical giant and China’s Hunan Shanshan Energy, is expanding its battery materials capacity in China’s Changsha, Hunan Province, and Shuizuishan, Ningxia Province, to meet the fast-growing local and global demands of the electric vehicle (EV) industry.

20.05.2022 • News

BASF Doubles Antioxidant Capacity in Singapore

BASF has doubled production capacity for its Irganox 1010-branded antioxidant at its site on Jurong Island, Singapore. The German group said the increase was achieved by integrating an additional production line into the existing production facilities.

05.05.2022 • News

Domo to Expand PA 6 Compounding in China

German polyamide specialist Domo Chemicals said it plans to significantly increase its PA 6 compounding capacity in China up to the end of 2023. As this is the fastest growing market for polyamides globally, the company based at Leuna said the expansion will help local manufacturers keep pace with emerging trends and create “innovative, high-performance and sustainable products and applications.”

28.04.2022 • News

BASF Will Largely Quit Russia and Belarus

“In light of the war of aggression against Ukraine ordered by the Russian government,” BASF announced has on Apr. 27 that it has decided to wind down all of its remaining business activities in Russia and Belarus at the beginning of July.

07.03.2022 • News

Wintershall Dea to Write off Nord Stream 2 Financing

Under pressure from economic sanctions imposed on Russian assets by Europe and the US after Russia’s invasion of Ukraine, Wintershall Dea, the German oil and gas producer owned to 67% by BASF said it will write off its €1.1 billion financing of the Nord Stream 2 natural gas pipeline project and will not pursue any new projects in Russia.

01.03.2022 • News

Antwerp@C Project Moves into Engineering

The Antwerp@C project, which aims to halve the Port of Antwerp’s CO2 emissions, has started engineering studies following the completing of a feasibility study last year. The engineering studies will further investigate constructing a central “backbone” throughout the port, along the industrial zones on both the Right and Left Banks of the River Scheldt.

01.02.2022 • News

BASF Expands Enzymes Output

BASF has expanded its feed enzymes capacity at Ludwigshafen, Germany, to meet growing global demand for its Natuphos E, Nutugrain TS and Natupulse TS products. The German group said feed enzymes have become indispensable for improving efficiency and sustainability in animal protein production.

19.01.2022 • News

BASF Announces Investments in HMD and PA 6.6

As demand for polyamide (nylon) continues to skyrocket and the market tightens, BASF has become the second major producer to announce a fresh investment in one of the polymer’s starting materials, hexamethylenediamine (HMD).

07.01.2022 • News

BASF to Continue Share Buyback Program

German chemicals giant BASF plans to launch a corporate share buyback program worth up to €3 billion, beginning this month and stretching over nearly two years, until Dec. 31, 2023 at the latest.

03.01.2022 • News

BASF to Sell Attapulgite Business to Clariant

BASF is selling its US-based attapulgite business to Clariant for $60 million. The deal expected to close in summer 2022 following regulatory approval also includes the transfer of a production facility at Quincy in the state of Florida.

17.12.2021 • News

Clariant Joins German Hydrogen Project

Clariant Catalysts is participating in Germany’s TransHyDE project AmmoRef, which aims to develop technologies and catalysts for ammonia cracking to facilitate future hydrogen transport.

15.12.2021 • News

Avantium to Build FDCA Flagship Plant

Dutch renewables specialist Avantium has finalized plans for what it said will be the world’s first commercial scale production facility for FDCA (furandicarboxylic acid), with a capacity of 5,000 t/y. With the last hurdle to fulfilling all financing conditions successfully taken, production of the precursor of high-end plastic polyethylene furanoate (PEF) is now slated to begin in 2024, a year behind schedule.

01.12.2021 • News

BASF Creates Renewable Energy Offshoot

World’s largest chemical producer BASF is creating a new company dedicated to renewable energy. The new firm, BASF Renewable Energy, which is to be based at the group’s Ludwigshafen, Germany headquarters, will steer internal projects as well as collaboration with external partners.

30.11.2021 • Topics • Technology

Multinational Companies in China’s Chemical Industry

Chemical MNCs show strong verbal commitment to China, but the real situation is somewhat underwhelming.

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Interview

Adapting to Tariffs and Strengthening Regional Networks

Specialty Chemicals in a Shifting World

Jennifer Abril, President & CEO of SOCMA, discusses the impact of new tariffs and the importance of regional supply networks in the specialty chemical industry.