Paris, June 24, 2024, 5:45pm PRESS RELEASE Eramet and BASF decide against joint investment in a nickel-cobalt refining complex in Indonesia Today, Eramet announced that the company and BASF have decided against a joint investment in a nickel- cobalt refining complex1 in Weda Bay. Eramet will continue to evaluate potential investments in the nickel electric vehicle battery value chain in Indonesia and will keep the market informed in due course. In 2020, Eramet and BASF had signed an agreement to assess the ...

BASF SE (BASFY) and Encina Development Group, LLC, an ISCC PLUS certified circular chemicals manufacturer, announced a long-term supply agreement for chemically recycled circular benzene derived from post-consumer end-of-life plastics. This marks a significant move in sustainable sourcing, as BASF strengthens the circular economy by integrating more chemically recycled, circular-based raw materials into its production processes. BASF plans to use chemically-recycled benzene for its broad Ccycled product por ...

Investors with an interest in Chemical - Diversified stocks have likely encountered both BASF SE (BASFY) and FMC (FMC) . But which of these two stocks presents investors with the better value opportunity right now? Let's take a closer look. There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. The Zacks Rank is a proven strategy that targets companies ...

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks. Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use fundamental analysis and traditional v ...

BASF SE’s (BASFY) subsidiary BASF Stationary Energy Storage GmbH and NGK Insulators, Ltd., a Japan- based ceramics maker, have introduced an advanced container-type sodium-sulfur battery (NAS battery). The new product, NAS MODEL L24, has a much lower degradation rate of less than 1% per year due to reduced corrosion in battery cells. Another technical advancement is an enhanced thermal management system in battery modules, which allows for longer continuous discharges. The new technology components have bee ...

BASF SE (BASFY) and Siemens Smart Infrastructure have announced the introduction of the first electrical safety product incorporating components made from biomass-balanced plastics. The Siemens SIRIUS 3RV2 circuit breaker is now manufactured using BASF’s Ultramid BMBcert and Ultradur BMBcert, where fossil feedstock at the start of the value chain is replaced with biomethane from renewable sources like agricultural waste. These materials maintain the same quality and performance as traditional plastics. This ...

BASF SE (BASFY) has sold its bioenergy enzymes business in San Diego to Lallemand's subsidiaries, Danstar Ferment AG and Lallemand Specialties. This contains Spartec's product portfolio and associated technologies currently in development. Lallemand will incorporate the business and its employees into its Lallemand Biofuels & Distilled Spirits ("LBDS") unit. As of June 1, all business activities have been taken over by Lallemand. LBDS is a prominent global provider of fermentation ingredients and technical ...

Pending final approval, first payment distribution scheduled for March 2025 CHARLESTON, S.C., May 21, 2024 /PRNewswire/ -- In the continued effort to mitigate the impact of PFAS contamination, co-lead attorneys for MDL No. 2873 In Re: Aqueous Film-Forming Foam (AFFF) Products Liability Litigation (D.S.C) announce a $316.5 million agreement in principle with BASF Corporation (OTCQX: BASFY). This settlement represents another breakthrough in the ongoing AFFF litigation and PFAS contamination issue and its imp ...

FLORHAM PARK, N.J., May 21, 2024 (GLOBE NEWSWIRE) -- On May 20, 2024, BASF Corporation (“BASF”), the North American affiliate of BASF SE, agreed to a settlement with a nationwide class of public water systems that detected PFAS in their drinking water sources, which they allege to be associated with the use of Aqueous Film Forming Foam (“AFFF”) products. Some of the AFFF products at issue in the litigation were made using a surfactant produced by Ciba Specialty Chemicals (“Ciba”), which BASF acquired in 200 ...

BASF SE (BASFY) is set to expand the global production capacity of its Basoflux range of paraffin inhibitors at its Tarragona, Spain site. This investment will allow BASF’s Oilfield Chemicals business to meet the growing demand for innovative paraffin inhibitors in the Oil & Gas industry. The additional production assets will improve efficiencies and flexibility, particularly in the production of new solutions such as more sustainable aqueous-based dispersion paraffin inhibitors and solvent-based products. ...