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.
BASF has signed virtual power purchase agreements (VPPAs) for a total of 250 MW of renewable energy, enhancing sustainability across more than 20 manufacturing sites in the U.S. This initiative aims to offset carbon-intensive electricity and increase the share of renewable energy in BASF’s North American electricity consumption to over 25%. The projects will generate approximately 660,000 MWh of electricity annually, equivalent to the needs of over 90,000 households, and mitigate more than 472,500 metric tons of CO2 emissions each year, supporting BASF’s net-zero emissions goal by 2050.
BASF is advancing its methylene diphenyl diisocyanate (MDI) plant expansion in Geismar, Louisiana, with a final investment phase of $780 million, expected to boost production capacity to 600,000 metric tons annually by mid-decade. This expansion aims to enhance supply reliability for North American customers across various sectors, including construction and automotive. The Geismar site is well-equipped with existing infrastructure and skilled workforce, making it ideal for this growth. The completion of this phase is targeted for 2025.
BASF is set to expand its production of specialty amines at the Geismar, Louisiana site, aiming for completion by mid-2023. This increase will enhance the capacity for key polyetheramines and tertiary amines, marketed under the Baxxodur® and Lupragen™ brands, to meet rising North American market demand. BASF's commitment to producing high-quality specialty amines will ensure reliable support for customers in industries such as wind energy, adhesives, and coatings. With over 300 different amines, BASF maintains a diverse portfolio in chemical intermediates.
BASF is expanding its North American Apprenticeship Development Program by adding nearly 100 apprentices at 20 manufacturing sites. The initiative aims to provide on-the-job training and industry-recognized credentials to address the skilled labor shortage. In 2022, the program achieved a 44% female selection rate among new apprentices. Collaborating with 19 local colleges, BASF emphasizes comprehensive training over 12 to 36 months. This program is critical for developing a skilled workforce, especially as the National Association of Manufacturers projects a 2.1 million job shortage by 2030.
BASF has recognized three leaders at the 2022 STEP Ahead Awards, celebrating women's excellence in manufacturing. Julie Fay, Elba Lizardi, and Brittany Davis were honored for their contributions to the industry. Tobias Dratt, President of BASF North America, emphasized the importance of female role models in addressing the manufacturing workforce crisis, as women represent a significant untapped talent pool. The awards ceremony, held on April 28, 2022, aimed to encourage women to pursue careers in manufacturing. BASF is committed to fostering future female talent in the sector.
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BASF and Steelcase have launched the Flex Perch Stool, a sustainable seating solution incorporating BASF’s Ultramid® B3EG6 Ccycled™ material made from recycled waste streams. This marks Steelcase’s first furniture product using advanced recycling technology, promoting circularity and environmental responsibility. The stool, designed for compact storage and user engagement, is 100% recyclable, aligning with Steelcase's mission for sustainable products. Available in North America now, it will also launch in Europe, the Middle East, and Asia in April 2022.
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