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Results: 556

Trade News | November 5, 2024

BASF partners with Acies Bio to drive sustainable production of Personal and Home Care ingredients

Ludwigshafen, Germany and Ljubljana, Slovenia, November 5, 2024 – BASF and Acies Bio, one of Europe’s leading biotechnology companies, have entered into a transformative partnership to further develop a platform for fermentation technology from methanol for the production of fatty alcohols. Fatty alcohols are essential building blocks for several ingredients in the home and personal care markets, in particular surfactants. Acies Bio’s biotechnological expertise complements BASF’s drive for innovative solutions and contributes to shaping a more sustainable future.
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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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BASF-Fahnen am Standort Ludwigshafen
Business & Financial News | October 23, 2024

Quarterly Statement Q3 2024, Conference Call on October 30, 2024, at 10.00 a.m. (CET)

We will publish BASF’s Quarterly Statement Q3 2024 on October 30, 2024, at 7.00 a.m. (CET). The results will be presented in a conference call that will be transmitted via the internet from 10.00 a.m. (CET).
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Robert Habeck, Federal Minister for Economic Affairs and Climate Action, presented the official notification of funding to Uwe Liebelt, President European Verbund Sites, BASF SE. Photo: BMWK / Andreas Mertens
Business & Financial News | October 15, 2024

BASF receives funding approval for the construction of a heat pump for CO2-free steam generation

BASF has received funding approval from the German Federal Ministry for Economic Affairs and Climate Action for the construction of the world’s most powerful industrial heat pump. In the coming months, the company will therefore be able to start the preparatory construction work for the project at its Ludwigshafen site. The project is intended to make an important contribution to reducing CO2 emissions. Today, Robert Habeck, Federal Minister for Economic Affairs and Climate Action, presented the funding approval to Uwe Liebelt, President European Verbund Sites, BASF SE.
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BASF-Fahnen am Standort Ludwigshafen
Business & Financial News | September 26, 2024

BASF presents new corporate strategy: BASF is setting a new direction for portfolio steering, capital allocation and performance culture

With today’s presentation of its corporate strategy, BASF is setting a new direction: “Our ambition is to be the preferred chemical company to enable our customers’ green transformation,” says Dr. Markus Kamieth, BASF’s Chairman of the Board of Executive Directors, during his keynote at the Capital Markets Day in Ludwigshafen: “The strong and broad portfolio of chemical businesses at our core is what makes BASF most relevant to customers globally, across a wide variety of industries. Our standalone businesses serve distinct industries and are less connected to our integrated value chains. Going forward, we will unlock the value of these businesses.”
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