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 SE / ADR (BASFY) generates a broad range of news that reflects its role as a global chemical company active in manufacturing, coatings, sustainability initiatives and workforce development. News coverage often highlights how BASF applies its six business segments—Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care and Agricultural Solutions—to industrial and consumer value chains around the world.
Recent announcements include energy and sustainability projects, such as the Liberty Energy Project in Texas, where BASF will source 48 MW of electricity under a long-term power purchase agreement to help ensure that 100% of the expected purchased power at its Freeport Verbund site comes from renewable sources. Other news focuses on circular economy efforts like the ChemCycling program in Port Arthur, Texas, which uses feedstock from plastic waste to produce advanced recycled building blocks for products such as super absorbent polymers, engineered plastics and polyurethanes.
Investors and industry followers can also see updates on BASF’s Coatings division, including its Automotive Color Trends collections like “ROUTING,” which explore new color palettes, metallic effects and sustainability-focused pigments for future vehicle designs. Distribution and partnership news, such as the expanded agreement with Univar Solutions for specialty ingredients used in coatings, adhesives, plastics and polymers, illustrates how BASF’s chemistries reach industrial manufacturers in the United States and Canada.
Additional coverage includes legal and regulatory developments, such as BASF Corporation’s agreement in principle to settle certain PFAS-related AFFF claims with U.S. public water systems, as well as human capital stories about apprenticeship programs and recognition of BASF leaders in manufacturing. For ongoing insight into BASF’s strategic projects, sustainability actions, product-related announcements and legal matters, readers can use this page as a focused feed of BASFY-related news.
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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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