BASF

BASF cited allegations that its partner were involved in the repression of ethnic Uyghurs. BASF cited allegations that its partner were involved in the repression of ethnic Uyghurs. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and…

Battery materials and related recycling business units generated sales of more than 1 billion euros in 2022, but it is one of two areas where BASF invests the most.BASF plans to turn its agriculture, battery materials and coatings businesses into autonomous units to try to boost earnings, a major revamp for the German chemicals giant that has traditionally been highly integrated.The company, with sales of 87 billion euros (USD 94 billion) last year, will create legally…

Two electric vehicle battery makers plan to spend around €10 billion ($11 billion) on factories in Europe, they said on Friday, after Europe loosened state aid rules for green industry projects in a bid to win the subsidy race with the USBoth plants will start production in 2026, employ thousands of people and supply batteries to European car makers. After months of worry that it would opt for an investment in North America over Europe, Sweden's Northvolt said it is set to pick Heide in northern Germany for its factory as…

Germany currently has no plans to ban the export to China of chemicals used to manufacture semiconductors, officials said on Friday, a day after a Bloomberg report suggested such a move could be in the works and Beijing called it destabilising. Chancellor Olaf Scholz's office "is not currently pursuing any plans for an export ban on chip chemicals to China", a spokesperson said. The person added that talks with foreign partners were confidential, without elaborating. Bloomberg reported on Thursday that the government was…

BERLIN—Germany’s chemicals giant BASF BASFY -3.51% SE said it would take a roughly 7.3-billion-euro hit, equivalent to about $7.9 billion, from the exit of its energy unit from Russia and that it expects a net loss for 2022 in the latest major corporate fallout from the war in Ukraine. After putting a stop to new projects in Russia following the start of the invasion last year, oil-and-gas producer Wintershall Dea AG, where BASF is a…

<!----> BASF‘s ColorBrite Airspace Blue ReSource basecoat, certified through a biomass balance approach. BASF says the the first batch of ‘ColorBrite Airspace Blue ReSource’ basecoat has been delivered to a customer in China. The company says the basecoat product enables around 20%…

BERLIN—German chemicals giant BASF SE BASFY 0.17% said it would downsize permanently in Europe, kindling concerns that persistently high energy prices could lead to a deindustrialization of the continent.High natural-gas prices in Europe in the wake of the Russian invasion of Ukraine have left few businesses untouched, leading to factory shutdowns and insolvencies from steel and aluminum to cars and toilet-paper makers. The chemical industry has been hit particularly…

BASF SE, BASFY -3.55% one of the world’s largest chemicals companies, said it would reduce production of fertilizer ingredient ammonia, as it seeks to curb its natural gas use after Russia throttled flows to Europe.Moscow began Wednesday reducing supplies via the Nord Stream pipeline, the largest Russian gas link to Europe, to around 20% of capacity. The reductions complicate the continent’s efforts to store enough gas ahead of winter, raising the specter for industry…

The Onoda site in Japan BASF and Toda Kogyo said they would further expand capacity at BASF Toda Battery Materials (BTBM) at the Onoda site in Japan. BTBM is a BASF majority owned joint venture with Toda formed in 2015 (BASF 66%; Toda 34%). Construction for the new capacity at Onoda will start in Q4 2022 and commercial production is planned for the second half of 2024. Annual capacity for high nickel cathode…

LUDWIGSHAFEN, Germany—For years, BASF SEone of the world’s largest chemicals companies, built its business model around cheap and plentiful Russian natural gas, which it uses to generate power and as feedstock for products that make it into toothpaste, medicines and cars.Today, dwindling Russian gas supplies are proving a threat to the company’s vast manufacturing hub here—the world’s largest integrated chemical complex spanning some 200 plants. Earlier this month, Russia started throttling back its supply of gas to…