Group 1 - BASF and Equinor have signed a long-term strategic agreement to secure up to nearly 2 billion cubic meters of natural gas annually over the next ten years [1] - This agreement ensures a significant portion of BASF's natural gas supply needs in Europe [1] - Deliveries under this agreement are set to commence on October 1 [1]

巴斯夫与挪威国家石油公司确认战略合作伙伴关系，并签署为期十年的天然气供应协议。 ...

Core Viewpoint - The European chemical industry is facing a significant decline, with major companies like BASF and Dow Chemical retreating from the region, leading to a decrease in the EU's global market share from 27% in 2002 to approximately 13% in 2023 [1][2] Group 1: Industry Decline - The EU's chemical production capacity utilization rate is projected to be only 74% in Q1 2025, down from 74.4% in Q4 2024 and significantly below the long-term average of 81.4% [1] - BASF, the world's largest chemical company, has lowered its profit forecast by 84% for the upcoming year [1] - INEOS expressed disappointment with the EU's Chemical Industry Action Plan, stating it fails to address the urgent threats of high natural gas costs and rising carbon emission costs [3] Group 2: EU's Response - The European Commission announced a Chemical Industry Action Plan aimed at addressing high energy costs, global competition, and weak demand, while promoting innovation and sustainability [2] - The plan includes simplifying legislation for key chemicals, establishing a critical chemicals alliance, and implementing a plan to support low-carbon hydrogen development [2] Group 3: Comparison with China - By 2025, China is expected to become the largest producer and consumer of chemicals globally, holding a 50% market share in fine chemicals [5] - China's chemical industry is experiencing growth, with a reported 8.2% increase in the manufacturing of chemical raw materials and products in the first half of 2025 [5][6] - The Chinese chemical sector is anticipated to benefit from supply-side structural reforms, improving the supply-demand balance and allowing leading companies to gain market share [7]

Core Viewpoint - The article discusses the production and market potential of bio-based 1,4-butanediol (BDO), highlighting the shift towards sustainable chemical production methods in response to environmental concerns and regulatory pressures. Group 1: Bio-based BDO Production - Cargill and HELM AG's joint venture Qore has officially launched the production of bio-based BDO using locally grown dent corn, with a total investment of $300 million, aiming for an annual production capacity of 66,000 tons [3] - BDO is a crucial organic chemical and fine chemical raw material with extensive downstream applications across various industries, including textiles, pharmaceuticals, and biodegradable plastics [4] - The production of bio-based BDO is primarily achieved through fermentation processes, with Qore utilizing a proprietary one-step fermentation technology developed by Genomatica [8] Group 2: Industry Developments and Collaborations - LYCRA plans to use QIRA to enhance the sustainability of its fibers, potentially reducing its carbon footprint by up to 44% [5] - BASF has entered a long-term supply agreement with Qore to incorporate QIRA into its product portfolio, aiming for sustainable chemical production [5] - Several companies are investing in bio-based BDO production, including the Korean company Xinying Group, which plans to build a $1 billion facility in Vietnam, and Jinfa Technology, which has launched a 10,000-ton bio-based BDO project in Liaoning [9][10] Group 3: Market Trends and Future Outlook - The traditional BDO production methods face challenges due to high carbon emissions, necessitating the development of greener, low-carbon production processes [7] - Despite the current higher costs of bio-based BDO compared to petroleum-based BDO, its competitive advantage is expected to grow as oil prices remain high and production technologies improve [12] - The upcoming SynBioCon 2025 conference will focus on the development and industrial collaboration of key products that can replace petrochemical raw materials, indicating a strong industry shift towards sustainable practices [13]

Group 1 - BASF's "Little Chemist" public welfare activity is being held at the China Science and Technology Museum from July 15 to July 20, targeting children aged 6 to 12 [1][3] - Over the past 20 years, BASF has hosted the "Little Chemist" program in China, benefiting more than 210,000 school-age children by providing a classroom that combines scientific, fun, and educational elements [1] - This year, the program has launched new experiments titled "The Mystery of Batteries" and "Electrolytic Magic Exploration," each lasting approximately 45 minutes [1] Group 2 - The "Little Chemist" program represents a collaboration between the China Science and Technology Museum and BASF, emphasizing the importance of scientific education [3] - Beijing was the first stop for the "Little Chemist" program in China over 20 years ago, highlighting its historical significance [3] - BASF aims to continue enriching the science popularization ecosystem through the "Little Chemist" project by collaborating with like-minded partners [3]

巴斯夫第二季度销售额同比下降2.1%，至157.7亿欧元。下调业绩指引，现预计2025年调整后EBITDA将 在73亿欧元至77亿欧元之间，市场预期76.7亿欧元。 ...

Group 1 - BASF expects adjusted EBITDA for the full year to be between €7.3 billion and €7.7 billion, with market estimates at €7.67 billion [1] - Preliminary data for BASF's second quarter shows adjusted EBITDA of €1.77 billion [1]

Core Insights - BASF SE has expanded its liquid enzyme product portfolio to enhance offerings for the home care and industrial & institutional (I&I) sectors, focusing on sustainability and effective cleaning solutions [1][7] - The new products include Lavergy L Pace, Lavergy C Care, and Lavergy A Star, targeting specific cleaning needs such as fat removal, fabric care, and starch stain cleaning at low temperatures [2][7] - BASF has established itself as a leader in the enzyme industry, with a strong innovation pipeline and technical expertise, despite the stock's performance being lower than the industry average [3] Product Details - Lavergy L Pace is a liquid lipase that excels in removing fat and oil stains at low temperatures [2] - Lavergy C Care is a cellulase product designed for effective fuzz and pill removal, particularly for cotton and cotton blend fabrics [2] - Lavergy A Star is an amylase enzyme solution that effectively removes starch stains, contributing to deeper cleaning [2] Market Position - BASF's stock has increased by 9.7% over the past year, contrasting with a 15.1% decline in the industry [3] - The company has previously launched other products like Lavergy M Ace, Lavergy C Bright, and Lavergy Pro, further solidifying its enzyme portfolio [3]

Core Viewpoint - BASF is optimistic about the Chinese market and plans to increase investment to deepen economic cooperation between Germany and China [3]. Group 1: BASF's Historical Engagement in China - BASF's collaboration with China began in 1885 through dye trade in Shanghai [3]. - The company accelerated its presence in China post-reform, establishing a subsidiary in Hong Kong in 1982 and a representative office in Beijing in 1986 [3]. - In 2000, BASF partnered with Sinopec to build the Nanjing Yangzi Petrochemical integrated base, one of the largest Sino-foreign joint ventures at that time [3]. Group 2: Major Investments and Projects - In 2018, BASF announced a €10 billion investment to construct the Zhanjiang integrated base, marking it as China's first wholly foreign-owned large-scale petrochemical project and BASF's largest single investment globally [4]. - The project milestones include signing a memorandum of understanding with the Zhanjiang government in 2018, commissioning the first engineering plastics modification and thermoplastic polyurethane facilities in 2022, and the completion of the TPU facility in 2024 [5]. - The Zhanjiang base will also see the commencement of a diol ether facility in March 2025, expected to meet the growing demand for brake fluids in the Asia-Pacific region [5]. Group 3: Strategic Layout in China - BASF has established a strategic layout in China centered around Shanghai (management headquarters and innovation hub), Nanjing (large integrated base), Chongqing (key production base), and Zhanjiang (future core growth engine) [6]. - The ongoing development of the Zhanjiang base's key facilities will enhance BASF's supply chain competitiveness in the Asia-Pacific market [6].

何立峰会见德国巴斯夫集团凯礼时指出 中国正扎实推动高质量发展和高水平开放 欢迎外资企业拓展在 华投资合作 智通财经7月9日电，据新华社，中共中央政治局委员、国务院副总理何立峰9日下午在人民大会堂会见 德国巴斯夫集团执行董事会主席凯礼。何立峰表示，中国经济在外部环境不断变化的情况下展现出强大 韧性和增长潜力，超大规模市场为外资企业在华发展提供了广阔舞台。中国正扎实推进高质量发展，实 施更多务实开放举措，欢迎巴斯夫等外资企业抓住机遇，进一步拓展在华投资合作深度广度。凯礼表 示，坚定看好中国经济发展前景，愿继续扩大在华投资，为德中、欧中经贸关系持续健康发展发挥积极 作用。 ...