151 articles
BASF has successfully started up the final phase of its $1 billion MDI expansion project in Geismar, Louisiana, boosting annual capacity to 600,000 metric tons. This positions BASF as the largest MDI
BASF CEO Markus Kamieth states that the EU Commission's proposed ETS redesign risks permanent closure of CO2-intensive petrochemical plants in Europe. He warns this could lead to increased imports fro
BASF and Borouge CEOs warn Europe's chemical sector faces significant consolidation and site closures over the next decade. This restructuring is driven by sustained cost pressures and competitiveness
ICIS Europe's weekly roundup covers rising polyethylene margins, Evonik rejecting BASF's €10.3 billion takeover bid, and logistical disruptions from low Rhine water levels affecting chemical trade.
Corteva spun off its seed business into Vylor to concentrate on crop protection, aiming for $1 billion in biologicals sales by 2030. This move aligns with broader industry reshaping by competitors lik
The CW75 index fell 0.98% for the week ending Sept. 29, outperforming broader markets, while Evonik shares surged following reports of a €10.3 billion acquisition bid from BASF.
Record-low Rhine water levels are severely disrupting chemical transportation and driving up logistics costs across Europe. Major producers like BASF face supply constraints as rail and road alternati
The RAG Foundation confirmed it could sell its entire 43% stake in Evonik, following competitor BASF's recent takeover interest. Such a divestment requires board approval and would significantly impac
Experts discuss how a potential BASF and Evonik merger could establish an integrated regional leader to compete in the oversupplied global chemical market. Consolidation is highlighted as vital for Eu
Evonik Industries rejected BASF's €10.3 billion non-binding takeover offer, stating it was too low for formal talks. Consequently, Evonik's share price surged over 10% while BASF's dipped amidst marke
Evonik rejected a takeover offer from BASF valued at roughly €22.15 per share, sources say, calling the price too low. BASF had proposed the acquisition earlier in the week.
Evonik Industries rejected a €10.3 billion takeover bid from BASF, deeming the offer too low for negotiations. BASF maintains that exploratory talks remain open despite Evonik confirming no active dis
Evonik rejected BASF's €10.3 billion takeover bid, stating it was too low for formal negotiations or due diligence, per Financial Times reports.
Record-low Rhine water levels have triggered a 15% surge in diesel shipping costs, threatening supply chains for major European chemical and energy producers. Companies including BASF and Shell face o
Persistently low Rhine river levels disrupt European petrochemical logistics, forcing BASF and Covestro to declare force majeure while raising transport costs. Participants warn of tightened supply ch
BASF confirmed exploratory talks with RAG-Stiftung and Evonik Industries regarding a potential takeover of the specialty chemicals firm. The outcome remains open as BASF evaluates strategic acquisitio
A chemical leak at BASF's Shanghai facility reportedly disrupted polyurethane raw material prices, alongside China's first export of a complete F-class heavy gas turbine. National power generation cap
Sources report BASF and Evonik are in discussions regarding a potential merger to consolidate Europe's chemical sector. Speculation drove Evonik shares up 7%, though both companies declined to comment
BASF is in talks to acquire Evonik Industries, potentially combining Germany’s two largest chemical makers amid high production costs and weak regional demand. Both firms have previously cut costs and
BASF confirmed exploratory talks to acquire German specialty chemicals firm Evonik from owner RAG-Stiftung, though outcomes remain uncertain. Evonik simultaneously pursues restructuring with plans to
Evonik and shareholder RAG-Stiftung confirmed BASF's non-binding approach for a potential takeover, aiming to strengthen BASF's specialty chemicals portfolio. The move follows market speculation and r
BASF's Shanghai facility halted some production after a nitrogen oxide leak from wastewater equipment. While contained quickly with minimal safety impact, the incident has disrupted polyurethane core
BASF is conducting a late-stage feasibility study for an MDI production base in India to meet surging local demand, having secured land in Gujarat. The project aims to expand global capacity and ensur
BASF rebranded its Environmental Catalysts and Metal Solutions unit to Metivo during New York Platinum Week, advancing its independent business strategy. Specializing in emission catalysts and preciou
BASF has appointed global coordinators including Citi and Goldman Sachs for the potential IPO of its Agricultural Solutions unit by mid-2027. The move is part of CEO Markus Kamieth's broader restructu
US Chemical Week released its 2026 Chemical Industry Billion-Dollar Club rankings, with BASF retaining the top spot despite rising competition from Chinese state-owned enterprises. Revenue remained fl
AGC, BASF, and Anupam Rasayan announced new chemical production projects in Asia, including cosmetic silica and hydrofluoric acid facilities. Investments and capacities vary, with key completions targ
European nations urge the EU to impose import safeguards on chemicals and plastics to protect domestic industries from surging Chinese imports amid a severe sector crisis. Major players like BASF face
BASF confirmed Cheniere Energy has commissioned its Durasorb LNG MAX adsorption technology at the Corpus Christi LNG facility in Texas. The company plans to complete installation across remaining liqu
The 2026 International CCUS Technology Conference opened in Astana with over 230 delegates from global governments and enterprises. Key industry players like Sinopec and BASF emphasized collaboration
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