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Latest Investor Releases
Business & Financial News | July 1, 2022
Joint News Release:
BASF and MAN Energy Solutions enter into partnership for construction of one of the world’s largest heat pumps in Ludwigshafen
BASF and MAN Energy Solutions have entered into a strategic partnership to pursue the construction of an industrial-scale heat pump at the BASF site in Ludwigshafen. This project is intended to make an important contribution to reducing greenhouse gas emissions, establishing the use of low-CO2 technologies in chemical production and reducing the site’s natural gas consumption. As a first step, the project partners are conducting a feasibility study that is expected to be completed by the end of 2022.
Business & Financial News | June 20, 2022
BASF to build commercial scale battery recycling black mass plant in Schwarzheide, Germany
BASF will build a commercial scale battery recycling black mass plant in Schwarzheide, Germany. This investment strengthens BASF’s cathode active materials (CAM) production and recycling hub in Schwarzheide. The site is an ideal location for the build-up of battery recycling activities given the presence of many EV car manufacturers and cell producers in Central Europe. This investment will create about 30 new production jobs, with startup planned for early 2024.