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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

Solenis sale creates water treatment giant

As rumoured last month, BASF and private equity investor Clayton, Dubilier & Rice (CD&R) have exited their joint ownership of paper and water treatment chemicals company Solenis, by selling it to Platinum Equity. Solenis will be merged with Platinum’s existing subsidiary Sigura, creating a player in water treatment with $3.5 billion/year in sales.

First non-animal allergy testing strategy approved

The Organisation for Economic Co-operation & Development (OECD) has approved the world’s first toxicology testing strategy without animal testing. This can now be used to test for skin sensitisation and any products that pass can be placed on the market.

The strategy, which consists of three ‘alternative’ methods, was jointly developed and validated over ten years by BASF and Givaudan, in partnership with various companies and scientific institutions, notably IIVS. It is claimed to have better predictivity for human allergy risks than traditional animal testing.

Solenis for sale?

According to a report on Bloomberg that cited unnamed people involved, BASF and its private equity partner, Clayton Dubilier & Rice  (CD&R), are considering an exit from water treatment specialist Solenis and have been in talks with several special purpose acquisition companies. A price in the region of $5 billion is reportedly being sought. Neither party has commented on this speculation.

BASF, RWE in renewable energy deal

BASF has agreed a deal to source green electricity for hydrogen production at the Ludwigshafen verbund site from a 2 gigawatt offshore wind farm that German energy giant RWE already has at the planning stage. This will also enable BSAF to electrify the production of multiple basic chemicals and 2.8 million tonnes/year of CO2 emissions at the site.

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