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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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Die Zwischensohle CircleCELL™ von Mount to Coast basiert auf ecoflex® BMB, mit dem Mount to Coast den Einsatz nachwachsender Rohstoffe in seinem Schäumprozess steigert und gleichzeitig die Anforderungen an Hochleistungslaufschuhe erfüllt.
Foto: BASF 2024
Trade News | November 21, 2024

First running shoe midsole based on new biopolymer grade by BASF

The footwear specialist for ultrarunning and long-distance shoes, Mount to Coast, Hong Kong, China, and BASF, Ludwigshafen, Germany have entered into a strategic partnership to explore high-performance, sustainable solutions for runners. CircleCELL™, an innovative midsole, is the first footwear technology the collaboration has produced. Based on BASF’s new biopolymer ecoflex® BMB, the new midsole is 90% more durable while showing the same energy return as midsoles made of polyether block amide (PEBA), a material widely used for performance running shoes. Biomass-balanced ecoflex® supports Mount to Coast in increasing the use of renewable feedstocks in its unique process of foaming the CircleCELL™ midsole while preserving the characteristics performance shoes require, most importantly, durability.
Front row f.l.t.r..: Meinhard Grodde, Head of Legal and Compliance, Vulcan Energie, Thorsten Weimann, Managing Director and Chief Development Officer, Vulcan Energie, Uwe Liebelt, President European Verbund Sites at BASF, Tilmann Hezel, Senior Vice President Infrastructure at BASF; Back row f.l.t.r.: Horst Kreuter, Co-Founder and Chief Representative, Vulcan Energie, Jutta Steinruck, Mayor City of Ludwigshafen, Cris Moreno, Managing Director and CEO, Vulcan Energy, Daniela Schmitt, Minister of Economic Affairs Rhineland-Palatinate, Nicolas Meyer, Mayor City of Frankenthal
Trade News | November 20, 2024

Joint News Release: Vulcan and BASF form partnership to explore regional geothermal potential

Vulcan and BASF have signed a memorandum of understanding in the presence of Daniela Schmitt, Minister of Economic Affairs, Transport, Agriculture and Viniculture for Rhineland-Palatinate, to explore the use of geothermal energy at the chemical company’s Ludwigshafen site as part of a strategic partnership. The partners aim to jointly evaluate opportunities for harnessing natural heat from deep geothermal sources to supply BASF’s largest site with renewable energy capable of meeting base load power requirements in the future. The surrounding urban centers of Frankenthal and Ludwigshafen also stand to benefit from the sustainable heat and are participating in the necessary seismic surveys as a first step. In order to make optimal use of synergy effects from the project, Vulcan plans to build a lithium extraction plant for the production of green lithium.
Trade News | November 15, 2024

Personnel changes at BASF

The Board of Executive Directors of BASF SE has decided on the following personnel changes:
Trade News | November 12, 2024

BASF to build additional production capacity for X3D® catalyst shaping technology in Ludwigshafen

BASF announced today that it will invest in additional production capacity for its X3D® technology, a new additive manufacturing technology for catalysts based on 3D printing. The plant will produce catalysts on an industrial scale and is expected to be operational in 2026. 
Trade News | November 7, 2024

The Carbon Trust verifies four BASF intermediates with a lower than market average product carbon footprint

The globally recognized climate change organization and product carbon footprint (PCF) verifier “the Carbon Trust” has verified the BASF products 1,6-hexanediol (HDO), formic acid (FA), propionic acid (PA) and neopentyl glycol (NPG). The products have therefore achieved the Carbon Trust label and Lower than Market claim. This confirms that the products have a cradle-to-gate PCF that is demonstrably lower than the market average for fossil-based equivalent products. The verification is valid until May 2026. For PA and NPG, the verification only applies to the European production.