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BASF-Fahnen am Standort Ludwigshafen
Business & Financial News | October 30, 2024

EBITDA before special items increased compared with Q3 2023 due to considerably higher earnings of core businesses

Thanks to significantly higher contributions from the core businesses, BASF Group’s EBITDA before special items (income from operations before depreciation, amortization and special items) increased in the third quarter by €77 million to €1.6 billion. “The positive earnings momentum in our core businesses was already visible in the first half of 2024 and continued in the third quarter, driven by higher volumes and margins,” said Dr. Markus Kamieth, Chairman of the Board of Executive Directors of BASF SE. This increase was partially offset by a considerable earnings decline in the standalone businesses as well as in Other.

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Results: 1937

Trade News | December 2, 2024

BASF in Lemförde expands sustainable product portfolio

BASF completes the certification program International Sustainability and Carbon Certification (ISCC) PLUS at its production site in Lemförde, Germany to produce biomass-balanced thermoplastic polyurethanes. This allows BASF to expand its sustainable product portfolio and continue its commitment to supporting customers in achieving their sustainability goals.
Trade News | November 28, 2024

For advanced metal replacement: bridging the gap between PA66 and PPA with Ultramid® T7000

For advanced metal replacement in structural parts, BASF is now offering a portfolio of polyamide (PA) and polyphthalamide (PPA) blends with better, more constant mechanical properties than PA66. Ultramid® T7000 outperforms PA66 regarding stiffness and strength in dry state and especially in presence of humidity. The polyphthalamide portion leads to a lower water absorption, which gives components an excellent dimensional stability. Ultramid® T7000 can be as easily injection-molded as PA66, giving parts a glossy and smooth surface finish. This unique combination of properties makes the PA/PPA blend a perfect metal replacement for structural parts which are exposed to moisture, e.g., automotive mirrors, air brake parts, valves but also furniture components.
Die Zwischensohle CircleCELL™ von Mount to Coast basiert auf ecoflex® BMB, mit dem Mount to Coast den Einsatz nachwachsender Rohstoffe in seinem Schäumprozess steigert und gleichzeitig die Anforderungen an Hochleistungslaufschuhe erfüllt.
Foto: BASF 2024
Trade News | November 21, 2024

First running shoe midsole based on new biopolymer grade by BASF

The footwear specialist for ultrarunning and long-distance shoes, Mount to Coast, Hong Kong, China, and BASF, Ludwigshafen, Germany have entered into a strategic partnership to explore high-performance, sustainable solutions for runners. CircleCELL™, an innovative midsole, is the first footwear technology the collaboration has produced. Based on BASF’s new biopolymer ecoflex® BMB, the new midsole is 90% more durable while showing the same energy return as midsoles made of polyether block amide (PEBA), a material widely used for performance running shoes. Biomass-balanced ecoflex® supports Mount to Coast in increasing the use of renewable feedstocks in its unique process of foaming the CircleCELL™ midsole while preserving the characteristics performance shoes require, most importantly, durability.
Front row f.l.t.r..: Meinhard Grodde, Head of Legal and Compliance, Vulcan Energie, Thorsten Weimann, Managing Director and Chief Development Officer, Vulcan Energie, Uwe Liebelt, President European Verbund Sites at BASF, Tilmann Hezel, Senior Vice President Infrastructure at BASF; Back row f.l.t.r.: Horst Kreuter, Co-Founder and Chief Representative, Vulcan Energie, Jutta Steinruck, Mayor City of Ludwigshafen, Cris Moreno, Managing Director and CEO, Vulcan Energy, Daniela Schmitt, Minister of Economic Affairs Rhineland-Palatinate, Nicolas Meyer, Mayor City of Frankenthal
Trade News | November 20, 2024

Joint News Release: Vulcan and BASF form partnership to explore regional geothermal potential

Vulcan and BASF have signed a memorandum of understanding in the presence of Daniela Schmitt, Minister of Economic Affairs, Transport, Agriculture and Viniculture for Rhineland-Palatinate, to explore the use of geothermal energy at the chemical company’s Ludwigshafen site as part of a strategic partnership. The partners aim to jointly evaluate opportunities for harnessing natural heat from deep geothermal sources to supply BASF’s largest site with renewable energy capable of meeting base load power requirements in the future. The surrounding urban centers of Frankenthal and Ludwigshafen also stand to benefit from the sustainable heat and are participating in the necessary seismic surveys as a first step. In order to make optimal use of synergy effects from the project, Vulcan plans to build a lithium extraction plant for the production of green lithium.
Trade News | November 15, 2024

Personnel changes at BASF

The Board of Executive Directors of BASF SE has decided on the following personnel changes: