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September 3, 2024

Sale of E&P business of Wintershall Dea to Harbour Energy completed

Following the approval by all relevant authorities, Wintershall Dea’s exploration and production (E&P) business excluding Russia-related activities was transferred to Harbour Energy plc (Harbour) on September 3, 2024; it consists of producing and development assets as well as exploration rights in Norway, Argentina, Germany, Mexico, Algeria, Libya (excluding Wintershall AG), Egypt and Denmark (excluding Ravn) as well as Wintershall Dea’s carbon storage (CCS) licenses. In exchange, the shareholders of Wintershall Dea – BASF (72.7%) and LetterOne (27.3%) – received total cash consideration of $2.15 billion (BASF share: $1.56 billion) and new shares issued by Harbour equating to a total shareholding in the enlarged Harbour of 54.5% (BASF share: 39.6%). The agreed enterprise value for the Wintershall Dea assets amounts to $11.2 billion. This amount includes the outstanding bonds of Wintershall Dea with a nominal value of around $4.9 billion that were also transferred to Harbour at closing.
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At Automechanika 2024, BASF Coatings introduces its next generation of clearcoats which employs BASF’s unique ChemCycling technology.
Trade News | Automotive & Transportation | Automotive | Paints & Coatings | Automotive & Transportation Coatings | September 11, 2024

From scrap tire to clearcoat: BASF Coatings launches first ChemCycling® products in the automotive refinish market

BASF Coatings officially introduced new product lines at Automechanika 2024, the world's leading international trade fair for the automotive aftermarket. Further driving sustainability in the refinish industry, BASF’s next generation of clearcoats employs the company’s unique ChemCycling technology. The product lines, manufactured using recycled feedstock, are marketed under BASF’s premium brands Glasurit and R-M and will boost body shop efficiency and productivity. The products not only contribute to the circular economy but also reduce CO2 emissions.
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All the benefits in one shoe: Infinergy® Revolution combines lightness and comfort with the durability and design freedom of PU outsoles.
Trade News | Textile, Leather & Footwear | Leather | Footwear | Performance Polymers | September 10, 2024

BASF at Simac 2024: “Make the Move” to new processing technology, lighter soles and circular solutions for footwear

BASF presents new concepts and recycling methods for polyurethanes at Simac Tanning Tech. The international trade fair for machinery and technology for the footwear and leather industry takes place from 17-19 September in Milan, Italy. Under the motto ‘Make the Move’, BASF will showcase materials and technologies designed to create shoes that are lighter, more comfortable and incredibly durable. With versatile polyurethane solutions such as Elastopan® (PU), Elastollan® (TPU) and Infinergy® (E-TPU), all processing technologies can be utilised to meet the diverse needs of the footwear industry. Make the move towards pioneering footwear solutions with BASF.
 
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Takazuri and BASF have collaborated to provide long-term, environmentally friendly solutions that promote economic development in Africa and make a positive impact on both the construction industry and the local communities with a potential to scale to other regions. With a focus on building climate resilience with sustainable products, these solutions incorporate Climatile™ technology from Takazuri, which utilizes locally collected and converted post-consumer materials. Furthermore, additive packages from BASF have been specifically tailored to suit the unique weather conditions of the region. Photo: BASF SE
Trade News | Plastics & Rubber | Plastic Additives & Pigments | Plastic Additives & Pigments | September 10, 2024

Takazuri and BASF collaborate to support climate resilient construction in Eastern Africa

Takazuri and BASF have collaborated to create smart building solutions that are built to last in Eastern Africa. With a focus on building climate resilience with sustainable products, these solutions incorporate Climatile™ technology from Takazuri, which utilizes locally collected and converted post-consumer materials. Furthermore, additive packages from BASF have been specifically tailored to suit the unique weather conditions of the region. This collaboration aims to provide long-term, environmentally friendly solutions that promote economic development in Africa and make a positive impact on both the construction industry and the local communities with a potential to scale to other regions.

This press release is available only in English.
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Business & Financial News | September 3, 2024

Sale of E&P business of Wintershall Dea to Harbour Energy completed

Following the approval by all relevant authorities, Wintershall Dea’s exploration and production (E&P) business excluding Russia-related activities was transferred to Harbour Energy plc (Harbour) on September 3, 2024; it consists of producing and development assets as well as exploration rights in Norway, Argentina, Germany, Mexico, Algeria, Libya (excluding Wintershall AG), Egypt and Denmark (excluding Ravn) as well as Wintershall Dea’s carbon storage (CCS) licenses. In exchange, the shareholders of Wintershall Dea – BASF (72.7%) and LetterOne (27.3%) – received total cash consideration of $2.15 billion (BASF share: $1.56 billion) and new shares issued by Harbour equating to a total shareholding in the enlarged Harbour of 54.5% (BASF share: 39.6%). The agreed enterprise value for the Wintershall Dea assets amounts to $11.2 billion. This amount includes the outstanding bonds of Wintershall Dea with a nominal value of around $4.9 billion that were also transferred to Harbour at closing.
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trinamiX GmbH - a subsidiary of BASF SE and provider of biometric solutions - will present its secure Face Authentication for invisible integration into premium foldable smartphone screens in collaboration with TCL CSOT at IFA Berlin 2024 (TCL Booth H21-101). The solution is suitable for LTPO OLED displays and offers enhanced security and convenience while maintaining display quality. All information can be found in our press release attached. Photo: trinamiX GmbH
Trade News | Electronics & Electrics | Electronics | September 2, 2024

IFA Berlin 2024: trinamiX showcases secure Face Authentication for premium foldable screens jointly with TCL CSOT

trinamiX GmbH, a leading biometric solutions provider, will present its secure Face Authentication for invisible integration into premium foldable smartphone screens in collaboration with TCL CSOT at IFA Berlin 2024 (TCL Booth H21-101). The solution is suitable for LTPO OLED displays and offers enhanced security and convenience while maintaining display quality.
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