BASF SE (BASFY) intends to end production of the active ingredient glufosinate-ammonium (GA) at its Knapsack and Frankfurt locations in Germany by the end of 2024, owing to economic considerations. The GA formulation in Frankfurt will conclude in 2025. Following that, both production facilities will be shut down. Glufosinate-ammonium remains an important part of BASF's global herbicide portfolio. Image Source: Zacks Investment Research Shares of BASFY have lost 5.2% over the past year compared with an 13.5% ...

Group 1 - BASF SE and Vattenfall signed contracts with Vestas for 112 V236-15.0 MW wind turbines for the Nordlicht 1 and 2 offshore wind projects in the German North Sea, expected to power 1.6 million households by 2028 [1][2] - The Nordlicht wind farm will consist of 68 turbines for Nordlicht 1 and 44 for Nordlicht 2, with a total installed capacity of 1.6 gigawatts, making it Vattenfall's largest offshore wind project [2][3] - BASF holds a 49% stake in the Nordlicht projects and plans to use about half of the generated electricity for its European chemical production, particularly in Ludwigshafen [3] Group 2 - The Nordlicht project is being developed without government subsidies and is crucial for Germany's energy transition goals [2][3] - Vattenfall aims to provide fossil-free electricity to German customers from the Nordlicht projects [3] - BASF's shares have increased by 0.6% over the past year, contrasting with a 6.8% decline in its industry [5]

Carpenter Technology currently carries a Zacks Rank #1. CRS beat the Zacks Consensus Estimate in each of the last four quarters, with the average earnings surprise being 15.1%. The company's shares have soared 91.8% in the past year. BASF SE (BASFY) and Enerflex recently signed a memorandum of understanding (MoU) to collaborate on the commercial-scale implementation of carbon capture, utilization and storage (CCUS) applications. Per the deal, Enerflex's engineering, manufacturing and integration experience ...

Eramet and BASF decide against joint investment in a nickel-cobalt refining complex in Indonesia In 2020, Eramet and BASF had signed an agreement to assess the potential of jointly developing and constructing a nickel-cobalt refining complex in Weda Bay in Indonesia. After a thorough evaluation, including discussions about project execution strategy, both partners have decided against this investment. 25.07.2024: Publication of 2024 half-year results Eramet transforms the Earth's mineral resources to provid ...

Encina's circular chemicals play a crucial role in the production of everyday and novel plastics. Utilizing proprietary catalytic technology, Encina produces high-yield, drop-in quality circular feedstocks. The company expressed pride in partnering with BASF, a leader renowned for its commitment to innovation and sustainability. It highlighted that this agreement represents a significant step towards a truly circular economy, where waste is minimized and resources are maximized for a more sustainable future ...

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BASF SE's (BASFY) subsidiary BASF Stationary Energy Storage GmbH and NGK Insulators, Ltd., a Japanbased ceramics maker, have introduced an advanced container-type sodium-sulfur battery (NAS battery). The new product, NAS MODEL L24, has a much lower degradation rate of less than 1% per year due to reduced corrosion in battery cells. Another technical advancement is an enhanced thermal management system in battery modules, which allows for longer continuous discharges. The new technology components have been ...

BASF is dedicated to promoting the circular economy and de-fossilization by increasingly utilizing renewable and recycled raw materials in its products. This is achieved by replacing fossil raw materials with bio-based and recycled feedstock through a mass balance approach. Renewable or recycled raw materials are introduced at the start of BASF's complex value chains. When customers choose certified products from this value chain, BASF integrates sustainable raw materials into ongoing production. Image Sour ...

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