In a significant step toward sustainable chemical production, BASF and ENGIE have entered into a 7-year Biomethane Purchase Agreement (BPA). Under this agreement, ENGIE will supply between 2.7 to 3.0 terawatt hours of biomethane to BASF over the term, marking a pivotal move in the use of renewable resources in the chemical industry. The biomethane […]
Vattenfall and BASF have entered into a significant agreement whereby BASF will acquire 49% of Vattenfall’s Nordlicht 1 and 2 wind farms. These wind farms are currently under development in the German North Sea and represent a major step forward in renewable energy deployment, with a total capacity of 1.6 gigawatts. This makes Nordlicht the […]
Harbour Energy has announced its agreement with BASF and LetterOne, shareholders of Wintershall Dea AG (“Wintershall Dea”), for the acquisition of a substantial portion of Wintershall Dea’s upstream assets, valued at $11.2 billion. This acquisition includes Wintershall Dea’s upstream assets in various countries, excluding its Russian assets, and marks a significant stride in Harbour’s journey […]
German chemical company BASF will expand the capacity of polymer dispersions at its manufacturing facility in Merak, Indonesia, to meet the demand for high-quality packaging in ASEAN. The new expansion is anticipated to help BASF offer additional styrene-butadiene dispersions to new paper mills looking to increase their capacities in Southeast Asia and Oceania. Bir Darbar […]
In a landmark move for renewable energy, German chemical giant BASF and Danish energy powerhouse Ørsted have inked a 25-year corporate power purchase agreement (CPPA) centered on the Borkum Riffgrund 3 Offshore Wind Farm located in the German North Sea. This significant agreement positions BASF to offtake 186 megawatts from the 900 MW wind farm, […]
German chemical company BASF has agreed to sell its construction chemicals business to an affiliate of private equity firm Lone Star Funds in an all-cash deal worth €3.17 billion. The construction chemicals business has production sites and sales offices in 60 plus countries and in 2018 had sales revenue of around €2.5 billion. The BASF […]
German chemical producer BASF and Technische Universität Berlin (TU Berlin) have partnered to cooperate in the area of machine learning through the Joint Lab for Machine Learning (BASLEARN) to be based in Berlin, Germany. BASLEARN will focus on developing workable new mathematical models and algorithms for fundamental questions relating to chemistry in the coming years. […]
Belgian chemical company Solvay has agreed to sell its Performance Polyamides Business in Europe to Domo Chemicals for approximately €300 million as part of the European Commission’s merger control clearance process. The transaction also marks the divestment of Solvay’s remaining Polyamides business to BASF. The assets acquired by Domo Chemicals involve Solvay’s Engineering Plastics operations in […]