Quarterly Statement Q3 2021
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We are pleased to send you the latest edition of the Investor Relations Magazine. We publish this electronic journal four times a year immediately after the reporting dates. You will continue to receive important news releases by e-mail as soon as they are published.
Your Investor Relations Team
BASF with continued strong performance in Q3 2021
- Considerable sales growth of 42% to €19,669 million
- EBIT before special items increases significantly to €1,865 million
- 2021 outlook for sales raised to between €76 billion and €78 billion and for EBIT before special items to between €7.5 billion and €8.0 billion
BASF Investor Update: New Verbund site in Zhanjiang and Battery Materials
BASF is committed to a 25 percent reduction of carbon emissions by 2030, using 2018 as the base year. At the same time, we are already working on new technologies and concepts to achieve our target of net-zero carbon emissions by 2050. At our new Verbund site in Zhanjiang, we are incorporating several innovative available process concepts in our planning that will contribute to our targets. “By 2030, when the Zhanjiang Verbund site is fully operational, we project that the CO2 emissions will be around 60 percent lower than that of a gas-based petrochemical facility of similar scope,” said Martin Brudermüller, Chairman of the Board of Executive Directors of BASF SE at the BASF Investor Update event on September 27, 2021. Further, BASF targets to source 100 percent of the total power requirements, which will be more than 400 megawatts when the site is fully operational by 2030, from renewable sources. With this, the new Verbund site will be a key platform for long-term profitable and sustainable growth, not only in Greater China, but for BASF Group as a whole.
During the Investor Update, Markus Kamieth, Member of the Board of Executive Directors, also informed about BASF’s current activities in the battery materials business and our role as solution provider in the transformation of the automotive industry. Sustainability is also a guiding principle concerning the battery materials strategy: Our business approach includes the sourcing and trading of metals as well as the recycling and the lowering of carbon emissions as key requirement. “This is going to be a great platform for BASF to capture this biggest growth opportunity in the chemical industry,” said Kamieth.