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BASF in biofumaric acid project

BASF has revealed that it is collaborating with three German universities on a project to make fumaric acid from the Basfia succiniciproducens bacterium by fermentation. The company uses fumaric acid as a chemical intermediate for various low carbon footprint products, including food and feed additives for, pharmaceutical raw materials and building blocks for polymers and detergents.

BASF ‘still most valuable chemicals brand’

According to the latest annual report by brand valuation consultancy, Brand Finance, BASF is still the most valuable chemicals brand with a brand value of $9.2 billion 11% up on 2023, and a brand strength rating (BSR) of AAA-. It ranked fourth in the brand strength index with score of 80.7 of 100. This is the tenth consecutive year that BASF has topped the chemicals segment.

BASF starts change negotiations over pCAM plant

BASF has begun a six-week period of change negotiations at its precursor cathode active materials (pCAM) plant in Harjavalta, Finland. This may include layoffs for an indefinite period, potentially impacting all employees. The company added that it remains committed to driving pCAMs, which it will continue to do via its facility in Schwarzheide, Germany.

More cuts to come at Ludwigshafen

In its annual results presentation, BASF announced plans to reduce costs at its main verbund site in Ludwigshafen by a further €1 billion/year by the end of 2026. This comes on top of a similar scale of cuts initiated in late 2022.

Last year, results in Germany suffered due to substantially negative earnings at Ludwigshafen, the company said. This was attributed to two main causes: the temporary low-demand environment is affecting volume development both upstream and downstream, while structurally high energy prices are raising production costs upstream.

Consortium to study NAMs

ECHA has contracted a consortium led by the Fraunhofer Institute for Toxicology & Experimental Medicine (ITEM) to conduct scientific studies on the reliability and relevance of new approach methodologies (NAMs) as alternatives to animal testing and to promote their use. This will run for six years, with €4.2 million in ECHA funding.

BASF and Stena in black mass agreement

BASF and Swedish firm have entered into a black mass purchase agreement. This is described as part of a broader collaboration, with the goal of setting up a battery recycling value chain for the European electric vehicle (EV) battery market.

BASF starts SAP excellence centre

BASF has started production in its €25 million excellence centre for superabsorbent polymers (SAPs) at its verbund site in Antwerp, Belgium, with €1.4 million in support from the Government of Flanders. This features a pilot plant equipped with advanced data collection and sensor technology to increase innovation capabilities in SAPs and accelerate scale-up from product development to production scale at the nearby commercial plant.

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