BASF has agreed to sell its manufacturing site in Kankakee, Illinois and the associated businesses of vegetable-oil-based raw material sterols and natural vitamin E, anionic surfactants and esters to private equity firm One Rock Capital Partners. Terms are not being disclosed. Subject to regulatory approval, this should be completed in 1H 2021.
BASF has announced plans to provide total product carbon footprints (PCFs), measuring CO2 emissions for all of its 45,000 sales products. It has been doing this for individual products since 2007 and, using an in-house digital system, will do this for the full range by the end of 2021.
BASF management and representatives of the 34,000 employees at the Ludwigshafen verbund site in Germany have signed a new site agreement. This will run from 1 June to the end of 2025, replacing one that was due to expire at the end of 2020.