BASF has expanded its partnership with chemical distributor Oqema for the BASF standard amines portfolio excluding ethanolamines in the UK and Ireland from the beginning of 2024. The two companies, which have been working together successfully in Germany and Eastern Europe for more than two decades, are now joining...
The energy supplier Vattenfall and the specialty chemicals company Evonik have concluded new long-term electricity supply contracts. From 2025, two Vattenfall solar parks in Schleswig-Holstein will supply Evonik with around 120 gigawatt hours of solar power per year for chemical production. The contracts have a term of...
In the fourth quarter of 2023, BASF initiated the process to sell its shares in the two joint venture companies Markor Chemical Manufacturing and Markor Meiou Chemical in Korla, in the center of the Xinjiangin Uyghur Autonomous Region in China. The chemical company justifies this step with sustainability efforts and...
According to the BASF Group, sales for the full year 2023 are expected to amount to €68.9 billion. This figure is below BASF's forecast range of €73 billion to €76 billion and below analysts' average estimates for 2023. Sales in the previous year 2022 amounted to €87.3 billion. Income from operations (EBIT) before...
In line with its customer-oriented corporate strategy, BASF has expanded its capacities for ethylene oxide and ethylene oxide derivatives at the Belgian Verbund site in Antwerp. The investment increases BASF's production capacity for the corresponding products by about 400,000 metric tons per year. The investment of...
More and more consumers are considering the sustainability of their actions. But they are not alone. The chemical producer Kuraray as a company also asks how environmentally friendly their supply chain is and how much scope there is for further improvement. Therefore, the company recently arranged for a Life Cycle...
Dow returns to Intersolar Europe 2023, the world’s leading exhibition for the solar industry, to showcase solutions which can help support the global transition towards energy efficiency. These offerings are designed to enable photovoltaic module and component manufacturers to decrease the carbon emissions of...
As of now, the Nordmann UK subsidiary Melrob Nutrition Ltd. is operating under a new name: Nordmann Nutrition Ltd. This name change also marks the completion of Nordmann's legal transition to a one-brand strategy. Back in March 2019, the internationally operating chemical distribution company Nordmann began introducing...
Asahi Glassplant UK Ltd. announce the successful acquisition of the Syrris and Glass Solutions businesses from Blacktrace Holdings Ltd. (Blacktrace), Royston, UK, on 1st January 2020. Asahi Glassplant UK, a subsidiary of Asahi Glassplant Inc., Japan, is a world-leading innovator in glass technology for scientific...
Cefic, the European Chemical Industry Council, expects chemical production in the European Union to have declined by 1% in 2019 compared to 2018. For 2020, chemical production is expected to stay on the same level as in 2019. The chemicals business climate has been affected this year by slower global economic growth,...
