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Eramet and BASF decide against joint investment in a nickel-cobalt refining complex in Indonesia
GlobeNewswire News Room· 2024-06-24 23:45
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 p ...
BASF (BASFY)-Encina Announce Long-Term Recycled Benzene Deal
ZACKS· 2024-06-24 23:20
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 ...
BASFY vs. FMC: Which Stock Is the Better Value Option?
ZACKS· 2024-06-21 00:40
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 ...
Are Investors Undervaluing BASF (BASFY) Right Now?
ZACKS· 2024-06-20 22:45
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 va ...
BASF (BASFY) and NGK Release Advanced Type of NAS Battery
ZACKS· 2024-06-12 19:50
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 been ...
BASF (BASFY) and Siemens Unveil Biomass Circuit Breaker
ZACKS· 2024-06-11 23:06
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 ...
BASFY vs. FMC: Which Stock Should Value Investors Buy Now?
ZACKS· 2024-06-05 00:40
Investors interested in stocks from the Chemical - Diversified sector have probably already heard of BASF SE (BASFY) and FMC (FMC) . But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out. We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The Zacks Rank favors stocks with strong earnings estimate revision trends, and our Style Scor ...
BASF (BASFY) Divests Bioenergy Enzymes Business to Lallemand
ZACKS· 2024-06-04 23:31
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 ...
Is BASF (BASFY) Stock Undervalued Right Now?
ZACKS· 2024-06-04 22:45
While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies. Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors rely on traditional forms of analysis on key valuation metrics to f ...
AFFF MDL PLANTIFFS' EXECUTIVE COMMITTEE LEADERSHIP STRIKES $316.5M DEAL WITH BASF FOR SAFER WATER
prnewswire.com· 2024-05-21 22:00
Pending final approval, first payment distribution scheduled for March 2025CHARLESTON, 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 impa ...