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.
Swiss specialty chemicals producer Clariant has completed the takeover of BASF’s US-based attapulgite business assets.
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.
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.
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.
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.
BASF has entered into an exclusive licensing deal with US start-up RiKarbon to commercialize the latter’s proprietary emollient technology.
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.
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.
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.
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).
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?
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.
BASF has kicked off the third and final round of its expansion project for polyurethanes precursor MDI at Geismar, Louisiana.
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).
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.
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.
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.”
“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.
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.
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.
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.
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).
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.
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.
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.
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.
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.
Chemical MNCs show strong verbal commitment to China, but the real situation is somewhat underwhelming.
Air Liquide and BASF have received an undisclosed funding award from the European Innovation Fund as part of plans to develop what the EU expects to be the world’s largest cross-border Carbon Capture and Storage (CCS) value chain, starting at the Port of Antwerp in Belgium.
BASF is selling its kaolin minerals business to KaMin, a globally active minerals company owned by IMin Partners and headquartered in Macon, Georgia, USA. Part of BASF’s Performance Chemicals division, the activities had sales of around €155 million in 2020 and a workforce of 440 in North America, Europe and Asia.
Swiss specialty chemicals company Sika has agreed to buy MBCC Group, formerly BASF’s construction chemicals business, from an affiliate of private equity company Lone Star Funds for €5.2 billion. Sika described the deal as “highly complementary” and added that it expects the addition of MBCC’s portfolio to push sales above €12.3 billion by 2023.
With the receipt of all approvals, BASF and Clayton, Dubilier & Rice (CD&R) have closed the sale of water treatment company Solenis to Platinum Equity. The transfer to the new private equity investor for an enterprise value of $5.25 billion includes net debt of around $2.5 billion.
Leading global chemical companies and the World Economic Forum (WEF) have announced that they are entering an agreement to formalize the Low-Carbon Emitting Technologies (LCET) initiative into a stand-alone entity by the end of 2023, to share early-stage risks and co-invest in developing and upscaling low-carbon emitting technologies.
BASF and Sanyo Chemical Industries have signed a Memorandum of Understanding to jointly develop and produce sustainable polyurethane dispersions (PUDs). The companies said they aim to jointly develop and manufacture innovative products with strong sustainability contribution. Any newly developed technologies and products will have worldwide market access through their global production footprint.
