News Releases

The non-profit organization CDP (formerly the Carbon Disclosure Project) has rated BASF as one of the world’s leading companies in the areas of forest and climate protection and sustainable water management.

BASF has successfully commissioned the steam cracker at its newly built Verbund site in Zhanjiang in South China as scheduled. This is the first cracker in the world using 100 percent renewable energy to drive its main compressors (eDrives).
As the heart of the Verbund, the steam cracker supplies important basic chemicals such as ethylene and propylene to multiple plants on site. It is the starting point for many chemical value chains: long-chain hydrocarbons such as naphtha or butane are cracked with the help of steam. The ethylene capacity amounts to one million metric tons per year.

“Innovation has always been part of BASF’s DNA. Especially in these volatile times, it is crucial to leverage our innovative strength to develop competitive solutions that differentiate us as a company in our markets and give us a competitive edge,” said Dr. Stephan Kothrade, Member of the Board of Executive Directors of BASF and Chief Technology Officer, at the company’s Research Press Briefing held today. To achieve this, BASF implemented its “Winning Ways” strategy about a year ago with the clear goal of becoming the preferred chemical company to enable its customers’ green transformation. “Our ambition extends beyond making BASF green. We aim to inspire customers to choose BASF as their trusted partner for their future success,” Kothrade said.

BASF, San Fang Chemical Industrial Co., Ltd. (San Fang), and Nichetech Advanced Materials Co., Ltd. (Nichetech) have signed a Memorandum of Understanding (MoU) to jointly develop sustainable solutions for the footwear industry, with a focus on thermoplastic polyurethane (TPU) products and a shared ambition to achieve net-zero carbon emissions by 2050.