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BASF-Fahnen am Standort Ludwigshafen
Business & Financial News | October 30, 2024

EBITDA before special items increased compared with Q3 2023 due to considerably higher earnings of core businesses

Thanks to significantly higher contributions from the core businesses, BASF Group’s EBITDA before special items (income from operations before depreciation, amortization and special items) increased in the third quarter by €77 million to €1.6 billion. “The positive earnings momentum in our core businesses was already visible in the first half of 2024 and continued in the third quarter, driven by higher volumes and margins,” said Dr. Markus Kamieth, Chairman of the Board of Executive Directors of BASF SE. This increase was partially offset by a considerable earnings decline in the standalone businesses as well as in Other.
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On-the-spot identification and quality control of plastics with trinamiX Mobile NIR Spectroscopy Solutions Copyright: trinamiX GmbH
Trade News | October 31, 2024

PRSA 2024: trinamiX presents their portfolio of versatile plastic and textile identification solutions to the Southeast-Asian market

October 31, 2024 – Ludwigshafen, Germany / Singapore – trinamiX GmbH, a leading provider of mobile spectroscopy solutions and subsidiary of BASF, will join the inaugural PRSA, the Plastics Recycling Show Asia 2024 in Singapore, to showcase their versatile plastics and textile identification technology to the Southeast-Asian market. From designing plastics packaging that is sortable, to quality control for in- and outgoing plastics, to cleaner sorting for improved recycling; mobile identification of plastic and textile types adds benefits across the supply chain. Visitors to PRSA can experience the trinamiX Mobile NIR Spectroscopy Solution at trinamiX booth #L44 from November 13-14, 2024.
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BASF-Fahnen am Standort Ludwigshafen
Business & Financial News | October 30, 2024

EBITDA before special items increased compared with Q3 2023 due to considerably higher earnings of core businesses

Thanks to significantly higher contributions from the core businesses, BASF Group’s EBITDA before special items (income from operations before depreciation, amortization and special items) increased in the third quarter by €77 million to €1.6 billion. “The positive earnings momentum in our core businesses was already visible in the first half of 2024 and continued in the third quarter, driven by higher volumes and margins,” said Dr. Markus Kamieth, Chairman of the Board of Executive Directors of BASF SE. This increase was partially offset by a considerable earnings decline in the standalone businesses as well as in Other.
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KASK_Primero_Rope access_ boy Photo: Kask Spa
Trade News | October 29, 2024

KASK safety helmets with internal shell produced from Neopor® Ccycled® by BASF

Ludwigshafen, Germany / Chiuduno, Italy – KASK, the iconic Italian helmet brand, is using expandable polystyrene (EPS) granules Neopor® Ccycled® from BASF for the production of safety helmets for workers. In the manufacturing process of Neopor® Ccycled® fossil feedstocks are replaced by pyrolysis oil obtained from recycled post-consumer plastic waste through chemical recycling at the very beginning of the BASF value chain using the mass balance approach. This way, BASF is able to offer Neopor® Ccycled® with a Product Carbon Footprint reduced by approximately 90% compared to conventional Neopor®. KASK is now using this more sustainable EPS to produce the internal shell of the Primero series as well as the internal shell of the Zenith X and Superplasma safety helmet series from the end of October 2024. These products feature the same high quality and safety performance and an improved product carbon footprint in comparison to using conventional EPS. By choosing these product series, which together cover the majority of helmets sold, KASK is able to make a positive impact on the circular economy.
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From left: Gautam Reddy K, CEO, AM Green Ammonia; Mahesh Kolli, Group President, AM Green; Dr. Markus Kamieth, Chairman of the Board of Executive Directors of BASF SE and Alexander Gerding, Managing Director, BASF India and Head, BASF Group Companies India.
Trade News | October 28, 2024

BASF and AM Green enter MoU to jointly evaluate opportunities in low-carbon chemicals in India and for the offtake of 100,000 tons of green ammonia annually

BASF and AM Green B.V. have entered a memorandum of understanding (MoU) to jointly evaluate and develop business opportunities for low-carbon chemicals produced exclusively with renewable energy, and the corresponding value chains in India.
This News Release is only available in English
 
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BASF expects an increasing demand for products for the energy-efficient renovation of buildings and is expanding the production capacity of its graphite-based insulating raw material Neopor® at the Ludwigshafen site by 50,000 metric tons per year by the beginning of 2027. Insulation materials made of Neopor® are an important contribution to energy savings and to reducing CO2 emissions. Photo: BASF SE
Trade News | October 24, 2024

BASF invests in increasing production capacity of Neopor® at Ludwigshafen site

BASF is strengthening its styrene value chain at its Ludwigshafen site by expanding the production capacity of Neopor® by 50,000 metric tons per year. This increase is aimed at meeting the growing market demand for the grey insulation material. The start-up of the new production facilities is scheduled for early 2027.
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