BASF Joins Forestal on Advanced E-Methanol Production Using OASE

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]