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BASF Upgrades Sunscreen Simulator With Additional Features
ZACKS· 2025-04-08 13:06
Group 1: Core Developments - BASF SE has enhanced its Sunscreen Simulator, a digital platform for developing and optimizing sun care formulations, with the updated version set to be unveiled at the in-cosmetics Global event in Amsterdam from April 8 to April 10 [1] - The new technical feature allows users to choose from various formulation types, such as oil in water (O/W) and water in oil (W/O), to assess the impact of the formulation base on performance, marking a significant advancement in SPF simulation accuracy [2] - The upgrade includes solubility calculations and assessments, linking the filter system with specific emollients to provide detailed information on the dissolved percentage of solid UV filters and their interactions, aiding in formulation optimization [3] Group 2: Market Position and Integration - The Sunscreen Simulator has become an industry standard over 25 years, now integrated into D'lite, BASF's digital knowledge service platform, enhancing efficiency and innovation in formulation development [4] - Users can explore the sun care market and analyze consumer products, gaining insights into product offerings and market trends, with the simulator available to all registered D'lite users [4] Group 3: Financial Performance - BASF's shares have declined by 23% over the past year, compared to a 32.2% decline in its industry [6]
BASF Expands Portfolio With Sustainable Personal Care Solutions
ZACKS· 2025-04-04 15:05
Group 1: Product Launch and Innovation - BASF SE has launched three new natural-based products for personal care: Verdessence Maize, Lamesoft OP Plus, and Dehyton PK45 GA/RA [1][2] - Verdessence Maize is a plant-based styling polymer made from renewable feedstocks, offering performance comparable to synthetic polymers [3] - Lamesoft OP Plus is a biodegradable opacifier dispersion that enhances the appearance of formulations, while Dehyton PK45 GA/RA is a betaine derived from Rainforest Alliance Certified coconut oil, suitable for shampoos and cleansers [3] Group 2: Market Position and Performance - BASF's focus on biodegradable solutions aims to capture the conscious consumer market in the personal care sector [3] - The company's stock has declined by 18.4% over the past year, slightly worse than the industry average decline of 17.1% [4] - BASF currently holds a Zacks Rank of 3 (Hold), with better-ranked stocks in the Basic Materials sector including Ingevity Corporation, Axalta Coating Systems, and Carpenter Technology Corporation [5]
BASF Launches the First Plant for Recycled Polyamide 6 Production
ZACKS· 2025-04-02 13:55
Group 1 - BASF SE has launched the world's first commercial loopamid facility in Caojing, Shanghai, with an annual capacity of 500 metric tons, marking a significant advancement in sustainable product supply for the textile sector [1] - Loopamid is a recycled polyamide 6 derived exclusively from textile waste, addressing the textile industry's increasing demand for sustainable polyamide 6 fibers and enabling textile-to-textile recycling across various fabric mixes [2] - The establishment of the loopamid facility supports the textile circular economy and aids customers in achieving their sustainability objectives [2] Group 2 - BASF's shares have declined by 14.4% over the past year, which is less than the 18.7% decline experienced by its industry [4] - BASF currently holds a Zacks Rank of 3 (Hold), while other companies in the basic materials sector, such as Carpenter Technology Corporation, CSW Industrials Inc., and Axalta Coating Systems Ltd., have better rankings [5] - Carpenter Technology has seen a significant share price increase of 156.6% over the past year, outperforming the Zacks Consensus Estimate in the last four quarters with an average earnings surprise of 15.7% [5]
BASF Joins Forestal on Advanced E-Methanol Production Using OASE
ZACKS· 2025-03-31 14:15
Group 1: BASF and Forestal Collaboration - BASF SE and Forestal de Atlantico S.A. signed an early disclosure agreement to advance e-methanol production using carbon capture solutions [1] - BASF will provide its OASE blue technology for the Triskelion project in Galicia, Spain, which aims to produce 156 metric tons per day of e-methanol [1][3] - The project will convert CO2 from electricity-generating turbines into e-methanol by reacting it with renewable hydrogen, showcasing a sustainable fuel generation method [1] Group 2: BASF's Financial Performance - BASF reported a strong 2024 earnings with EBITDA before special items increasing 18% year over year to €7.9 billion, driven by solid core business performance [4] - The company’s net income for 2024 rose significantly to €1.3 billion, with expectations for EBITDA before special items to reach between €8 billion and €8.4 billion in 2025 [4] Group 3: Industry Competitors - DOW anticipates benefits from near-term projects and increased operational focus in 2025, with a cost-cutting initiative of $1 billion to boost margins [5] - DuPont projects consolidated net sales between $12.8 billion and $12.9 billion for 2025, with operating EBITDA expected in the range of $3.325-$3.375 billion [6] - Eastman Chemical expects modest volume growth in its specialty businesses in 2025, with a commitment of $75-$100 million in EBITDA growth [7]
BASF Boosts Production in China to Meet Automotive Demand
ZACKS· 2025-03-26 11:45
BASF SE's (BASFY) Coatings division has expanded its production capacity at the Caojing plant in Shanghai, China, for polyester and polyurethane resin. Initially set up in 2015 with a capacity of 8,000 metric tons per year, the facility now has more than doubled its production, reaching an impressive 18,800 metric tons annually. This expansion not only reflects BASF’s strategic response to rising market demand but also strengthens its position in the industry.In addition, BASF Coatings is set to enhance its ...
BASF Brings 54-Megawatt Water Electrolyzer Into Operation
ZACKS· 2025-03-24 15:05
BASF SE (BASFY) recently announced the commissioning of Germany’s largest proton exchange membrane electrolyzer operation at BASF’s Ludwigshafen site. The electrolyzer has been designed to supply the main plant with zero-carbon hydrogen feedstock at a rate of 1 metric ton per hour.This plant was under construction for around two years. In cooperation with Siemens Energy, the electrolyzer is embedded in the production and infrastructure at the Ludwigshafen site. The system has been installed with a total of ...
BASFY & NIO Ink Deal to Boost Collaboration in Automotive Coatings
ZACKS· 2025-03-14 14:30
Group 1: BASF and NIO Partnership - BASF Coatings has signed a Letter of Intent with NIO to establish a strategic partnership in the automotive coatings sector, focusing on exterior coatings for electric vehicles [1][2] - The collaboration aims to develop new technologies for sustainable development and carbon neutrality, building on a decade of prior cooperation [4] - BASF will provide NIO with a range of tailored products and value-added services, including color design, digital solutions, and technical support [3] Group 2: BASF Financial Performance - BASF reported strong earnings for 2024, with EBITDA before special items increasing by 18% year-over-year to €7.9 billion, driven by solid core business performance [5] - The company also experienced a significant rise in net income to €1.3 billion in 2024 and projects EBITDA before special items to reach between €8 billion and €8.4 billion in 2025 [5] Group 3: Industry Competitors - DOW anticipates benefits from near-term projects and increased operational focus in 2025, with a cost-cutting initiative aimed at saving $1 billion [6] - DuPont projects consolidated net sales between $12.8 billion and $12.9 billion for 2025, with operating EBITDA expected to range from $3.325 billion to $3.375 billion [7] - Eastman Chemical expects modest volume growth in 2025, with a commitment of $75-$100 million in EBITDA growth and plans to reduce structural costs to offset inflation [8]
BASF Installs Pahotovoltaic System for a Sustainable Future
ZACKS· 2025-03-06 12:50
Core Viewpoint - BASF SE's Coatings division, through its Chemetall brand, has made significant strides towards sustainability by installing an advanced photovoltaic system at its Boksburg site in South Africa, aiming for a more sustainable future and contributing to BASF's goal of net-zero emissions by 2050 [1][2][3]. Group 1: Sustainability Initiatives - The new photovoltaic system includes 1,725 square meters of solar panels and 600 kW battery storage, which is expected to lead to a 92% reduction in energy expenses and CO2 emissions at the Boksburg facility [2]. - Chemetall's commitment to renewable energy not only enhances its own sustainability but also assists customers in achieving their sustainability goals by sourcing products from Chemetall [3]. Group 2: Financial Performance - BASF's shares have increased by 7.5% over the past year, contrasting with an 11.8% decline in its industry [3]. - In the basic materials sector, Carpenter Technology Corporation, Methanex Corporation, and Axalta Coating Systems are highlighted as better-ranked stocks, with Carpenter Technology showing a remarkable 218.2% increase in shares over the past year [4][5][6].
BASF (BASFY) Stock Jumps 10.9%: Will It Continue to Soar?
ZACKS· 2025-03-06 09:40
Group 1 - BASF SE shares increased by 10.9% to close at $14.46, with notable trading volume compared to typical sessions, and an overall gain of 11.5% over the past four weeks [1] - BASF's EBITDA before special items rose by 18% year-over-year in 2024 to €7.9 billion, driven by strong core business performance despite pricing pressures, with net income increasing to €1.3 billion [2] - The company projects EBITDA before special items to rise to between €8 billion and €8.4 billion in 2025 [2] Group 2 - The upcoming quarterly earnings report for BASF is expected to show earnings of $0.38 per share, reflecting a year-over-year decline of 17.4%, with revenues anticipated at $18.44 billion, down 3.3% from the previous year [3] - The consensus EPS estimate for BASF has remained unchanged over the last 30 days, indicating that stock price movements may not continue without trends in earnings estimate revisions [4] - BASF currently holds a Zacks Rank of 3 (Hold), while Air Products and Chemicals, a competitor in the same industry, has a Zacks Rank of 4 (Sell) [4][5]
BASF and Boortmalt Produce Europe's First Verified Impact Units
ZACKS· 2025-03-05 14:20
BASF SE (BASFY) and Boortmalt, a leading malted barley producer, have produced the first Verified Impact Units (VIUs) by lowering and eliminating on-farm greenhouse gas (GHG) emissions. This achievement demonstrates the potential of climate-smart agriculture and the Global Carbon Farming Program, as well as the importance of connecting farmers with stakeholders throughout the value chain to develop scalable solutions.BASF's Global Carbon Farming Program, powered by Xarvio Digital Farming Solutions, has help ...