Kolwezi, Democratic Republic of Congo – With the pilot project “Cobalt for Development”, the BMW Group, BASF SE, Samsung SDI and Samsung Electronics yesterday kicked off their cross-industrial initiative aimed at improving working conditions of the people working at an artisanal cobalt mine site in the Democratic Republic of Congo (DR Congo). Cobalt is a key component in the production of batteries for electronic devices and electrified vehicles. Most of the global cobalt reserves and production are located in the south of the DR Congo.
Ludwigshafen, Germany; Paris, France – The “Recycling Li-ion batteries for electric Vehicle” (ReLieVe) project, founded by Eramet, BASF and SUEZ, will receive a substantial funding of €4.7 million by EIT Raw Materials, a consortium initiated and funded by the European Union, and the three members. The objective is to develop an innovative closed-loop process to recycle lithium-ion batteries from electric vehicles and to enable the production of new lithium-ion batteries in Europe.
BASF and the fine chemical company DIC have reached an agreement on the acquisition of BASF’s global pigments business. The purchase price on a cash and debt-free basis is €1.15 billion. The transaction is expected to close in the fourth quarter of 2020. The divestiture is subject to the approval of the relevant competition authorities.