Welcome to our dedicated page for Basf news (Ticker: BASFY), a resource for investors and traders seeking the latest updates and insights on Basf stock.
BASF (BASFY) is a global leader in chemical innovation, driving advancements in sustainable chemistry and industrial solutions. This dedicated news hub provides investors and professionals with timely updates directly from the company and trusted industry sources.
Access official press releases, earnings reports, and strategic announcements covering BASF's core operations in chemicals, materials science, and agricultural solutions. Our curated collection includes updates on:
• Quarterly financial results and market performance
• Sustainability initiatives and environmental stewardship programs
• Product innovations across industrial and consumer applications
• Strategic partnerships and global operational developments
Bookmark this page for reliable updates on BASF's technological advancements and regulatory compliance milestones. Check regularly for unfiltered access to information critical for informed analysis of this chemical industry player.
BASF has initiated the final phase of its methylene diphenyl diisocyanate (MDI) expansion project at its Geismar, Louisiana site. This $780 million investment will boost production capacity to about 600,000 metric tons per year by mid-decade, totaling around $1 billion across all phases. This project marks BASF's largest wholly owned investment in North America. The expansion aims to support North American customers in sectors like transportation and automotive, showcasing advanced safety and digitalization technologies.
BASF Senior Vice President Lori Goucher was inducted into the Women in Manufacturing (WiM) Hall of Fame, recognizing her contributions to advancing women in the manufacturing sector. Goucher played a crucial role as a mentor and leader within BASF, addressing gender representation in manufacturing. WiM honors women like Goucher for their significant career contributions. BASF aims for 30% of leadership roles to be held by women by 2030, supporting such initiatives through memberships and professional development opportunities.
BASF has entered a 12-year Power Purchase Agreement to secure 48 MW of solar energy from X-ELIO’s Liberty Solar Photovoltaic and Energy Storage Plant in Houston. This agreement will enable BASF's Verbund site in Freeport, Texas, to obtain 100% of its purchased power from renewable sources, effectively reducing CO2 emissions by over 82,000 metric tons annually. The project will also create around 125 construction jobs and is a step toward BASF's goal of net-zero emissions by 2050.
BASF announced increased production of N-(2-Hydroxyethyl)-2-Pyrrolidone (HEP) and N-Octyl-2-Pyrrolidone (NOP) at its Geismar, Louisiana site, expected to commence in the second half of 2022. This initiative responds to the rising demand from the ink, automotive, and agricultural sectors. A double-digit million dollar investment supports this production boost. HEP serves as a vital (co)-solvent in various formulations, while NOP is utilized in crop protection and automotive applications, enhancing BASF's role as a global supplier in North America.
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