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BASF to end Russian activity

BASF’s board has decided to also wind down all business activities in Russia and Belarus by the beginning of July, except those needed to support food production. The company said that the decision was driven by the recent developments in the war in Ukraine and international law, including the fifth sanctions package by the EU.

New BASF alkylethanolamines plant

BASF is building a new world-scale plant for alkylethanolamines at the verbund site in Antwerp, Belgium, one of four sites where it already producest them. This will increase the firm’s global capacity by nearly 30% to 140,000 tonnes/year. Start-up is planned for 2024

BASF creates renewable energies operation

BASF is bundling its activities in renewable energies under the umbrella of BASF Renewable Energy from the start of 2022. Led by Horatio Evers, this subsidiary will focus on supplying European sites with electricity from renewable energies, electricity trading and global consulting.

Kaolin exit for BASF

BASF is to sell its kaolin minerals business, which is part of the Performance Chemicals division and is regarded as non-core, to Georgia-based minerals company KaMin. This is expected to close in 2H 2022, subject to approval by the relevant merger control authorities. The business employs about 440 people and had sales of around €155 million in 2020.

BASF in CAM deals

BASF has agreed to partner with China’s SVOLT on the supply of cathode active materials (CAMs), R&D into sustainable battery materials and the ultimate recycling of battery cells. They will also assess joint upstream resourcing to strengthen the security of raw material supply. Financial terms were not disclosed.

Chemical companies collaborate on low-carbon initiative

Ten major global chemical sector companies have agreed with the World Economic Forum (WEF) to establish what they called “a breakthrough, pre-competitive development platform to accelerate net-zero climate technologies”. They are BASF, Dow, DSM, Solvay, Clariant, Covestro, Mitsubishi Chemical, Air Liquide, Sabic and Sibur.

BASF-YPC to add more specialities

BASF and Sinopec are to further expand their verbund site operated by their BASF-YPC joint venture at Nanjing, adding capacity in several downstream plants for speciality chemicals.  These will come onstream in 2023. Precise details were not disclosed. The products involved are:

* Propionic acid, a mould inhibitor for the preservation of food and feed grains, which is also used in the production of pharmaceuticals, crop protection agents, solvents and thermoplastics

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