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Business & Financial News | February 4, 2025

BASF and its partners publish 2024 results of the world’s first sustainable castor bean program, Pragati

Pragati, the world’s first sustainable castor bean program, completed eight years of operation in the 2023/2024 season. More than 8,000 farmers are now certified under the program, and individual farmer yields have increased significantly. The program has grown to more than 9,000 hectares of mostly semi-arid land under the SuCCESS® sustainability code (see www.castorsuccess.org).

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With clips made of certified industrial compostable ecovio® 60 IA 1552 creepers like tomatoes, cucumbers and peppers can be easily fastened in commercial greenhouses. 
Photo: BASF 2025
Trade News | February 4, 2025

For the cultivation of greenhouse fruit and vegetables: plant clips made of certified industrial compostable biopolymer

For the sustainable cultivation of greenhouse fruit and vegetables, BASF has developed a certified industrial compostable biopolymer that can be used to manufacture black and white plant clips. With clips made of ecovio® 60 IA 1552 annual creepers like tomatoes, cucumbers and peppers can be easily fastened in commercial greenhouses. The clips benefit from the biopolymer’s balanced high performance of strength and flexibility, while being certified industrial compostable according to EN 13432. Thus they can be collected together with the plant residues after harvesting and put into organics recycling in industrial composting facilities where they biodegrade. With this end-of-life option for clips, persistent microplastic in green waste usually caused by clips made of polyethylene (PE) or polypropylene (PP) can be avoided. At the same time more green waste can be turned into valuable compost contributing to a circular economy.
 
Business & Financial News | February 4, 2025

BASF and its partners publish 2024 results of the world’s first sustainable castor bean program, Pragati

Pragati, the world’s first sustainable castor bean program, completed eight years of operation in the 2023/2024 season. More than 8,000 farmers are now certified under the program, and individual farmer yields have increased significantly. The program has grown to more than 9,000 hectares of mostly semi-arid land under the SuCCESS® sustainability code (see www.castorsuccess.org).
Our own combined cycle gas power plants produce electricity and process steam with a 95% efficiency at emissions far below the average grid level.
Photo: BASF
Trade News | January 28, 2025

BASF’s Performance Materials division plants run entirely on renewable electricity in Europe as of 2025

On January 1, 2025, BASF's Performance Materials division completely switched all its European sites to renewable electricity. "As BASF, we want to enable our customers green transformation, and we believe it starts with us. This is our ambition and the goal of #OurPlasticsJourney," said Martin Jung, President of BASF's Performance Materials division. "The use of electricity from renewable sources such as wind or solar is necessary to achieve our climate targets." The changeover applies to the compounding of Engineering Plastics, Polyurethanes and Thermoplastic Polyurethanes and Specialty Polymers. With the turn of the year, in total nine Performance Materials production sites across Europe have been converted.
You will find the long version of the press release in the internet under the following link
 
Business & Financial News | January 24, 2025

BASF Group releases preliminary figures for full year 2024

Ludwigshafen – January 24, 2025 – The BASF Group’s sales for the full year 2024 are expected to be €65.3 billion (2023: €68.9 billion). This is in line with the figure estimated by analysts on average according to Vara. While volumes slightly increased, sales prices declined but showed a steady price recovery throughout 2024 compared with the respective quarter of the previous year. Currency effects negatively impacted the sales development.
Trade News | January 23, 2025

BASF’s Personal Care business launches VitaGuard® A, an innovative encapsulation technology for retinol

Hong Kong SAR, China – January 23, 2025 – BASF’s Personal Care business is launching a new ingredient, VitaGuard® A to capture the continuous market demand for retinol, while reinforcing its position as a Hero ingredient in cosmetics. This latest innovation is based on the encapsulation of free retinol. Retinol is a powerful anti-aging molecule widely used in cosmetic applications. However, it can also cause skin irritation and is prone to light and air degradation, making it difficult to be widely utilized by formulators. VitaGuard® A was developed using patented solid lipid particles, protecting retinol from degradation, limiting skin irritation and allowing better skin bioavailability for improved cosmetic efficacy.

This Press Release is only available in English