Last $87.65 USD
Change Today +1.50 / 1.74%
Volume 88.5K
As of 8:10 PM 01/26/15 All times are local (Market data is delayed by at least 15 minutes).

basf se-spon adr (BASFY) Key Developments

BASF Plans EO/EG Shutdown in June 2015 at Ludwigshafen, Germany

BASF is due to close its ethylene oxide plant in Ludwigshafen, Germany, for around 10 days in June, 2015. The site has a nameplate capacity of 345,000 tonnes/year EO and 25,000 tonnes/year of by-product ethylene glycol. INEOS Oxide has currently shut down its Lavera facility in France for a scheduled outage. Shell's force majeure on EO is ongoing. Panic over where customers would get lost volumes from seems to have dissipated and arrangements have clearly been made. Consumption is steady and in line with availability.

BASF to Invest Up to €56 Million to Expand Global Polyvinylpyrrolidone Output

BASF plans to invest up to €56 million to expand its global polyvinylpyrrolidone (PVP) value chain over the next four years. Through revamping existing plants in Ludwigshafen, Germany and Geismar, Louisiana and introducing the PVP technology at BASF's site in Shanghai, China, the company will increase its global PVP production capacities by up to 6,000 metric tons.

BASF Launches New PremAir NXT Automotive Catalytic Coatings

BASF has launched PremAir NXT, its next-generation direct ozone reduction (DOR) catalytic coating technology for automotive use. The new technology can help automakers meet US's Tier 3 and California's LEV III emissions requirements. The PremAir NXT solution is used on automotive radiators and converts harmful ground-level ozone into oxygen. PremAir NXT builds on BASF's standard PremAir coating technology, providing higher ozone conversion over the lifetime of a vehicle. US Tier 3 and California LEV III regulations require automotive manufacturers to achieve a fleet average of 30 milligrams/mile of non-methane organic gases (NMOG) + nitrogen oxides (NOx) emissions by 2025. The regulations also require increased durability of the vehicle emissions control system to 150,000 miles. The company's new PremAir NXT helps achieve these mandates and provides a 5 milligram/mile credit to achieve vehicle emissions certification.

BASF and Omya to Develop Coater-Ready Barrier Solutions for Paper Packaging

BASF SE and Omya, a producer of industrial minerals, have announced that they are working jointly to develop coater-ready barrier solutions for paper and cardboard packaging. This cooperation is their response to the growing demand for these products. In future, this will provide a service for customers who for capacity and plant technology reasons cannot prepare formulations and mixtures independently. Coater-ready solutions consist mainly of pigments, additives and functional barrier dispersions. BASF's and Omya's contributions to the partnership complement each other ideally. BASF supplies barrier dispersions, while Omya provides the pigments and experience to manufacture these products and produces them in its own facilities.

Kazanorgsintez and BASF Sign Strategic Cooperation Agreement on Additives Supply for Polymer Production

A long-term strategic cooperation agreement was signed between OJSC Kazanorgsintez and BASF. In accordance with the agreement, BASF will supply antioxidants and stabilizers for polyethylene and polycarbonate to OJSC Kazanorgsintez, as well as provide technical support in HDPE production. Both companies are going to be fully engaged in the implementation of joint projects aimed to extend branded product assortment of Kazanorgsintez and use the most modern decisions on stabilization.

 

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