OSLO: BASF, Quantafuel and REMONDIS have signed a Memorandum of Understanding (MoU) to jointly evaluate a cooperation in chemical recycling including a joint investment into a pyrolysis plant for plastic waste. It is intended that REMONDIS, one of the world’s leading waste and water management companies, supplies suitable plastic waste to the plant, and chemical…
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Air Liquide and BASF sign long-term supply agreement of oxygen and nitrogen
PARIS: Air Liquide and BASF have signed a new long-term contract for the supply of oxygen and nitrogen to one of BASF’s largest and most innovative European sites, located in Schwarzheide, Germany. Air Liquide will invest around 40 million euros in the construction of a state-of-the-art Air Separation Unit (ASU) at this flagship site for…
BASF and Security Matters collaborate towards a circular economy for plastics
MELBOURNE: Security Matters Ltd and BASF signed a binding joint development agreement to develop solutions for plastics traceability and circularity. Plastics, with unique characteristics and when used properly, contribute to a more sustainable and resource efficient future. However, to move towards a circular economy, more plastic waste needs to be recovered and reused. Though there…
BASF construction chemical business sold for €3.17 billion
DUBAI: BASF and an affiliate of Lone Star, a global private equity firm, signed a purchase agreement for the acquisition of BASF’s Construction Chemicals business. The purchase price on a cash and debt-free basis is €3.17 billion. The transaction is expected to close in the third quarter of 2020, subject to the approval of the…
BASF unfolds solutions for quality poultry feed in Pakistan
KARACHI: BASF presented a broad range of animal nutrition products and solutions to help the poultry industry innovate and produce the best quality feed, at the International Poultry Expo 2019 on Friday. Feeding more animals for the growing meat, milk and egg demand while saving the environment is the key challenge for the feed industry…