News & Events

BASF has teamed up with Endress+Hauser and TechnoCompound as well as the Universities of Bayreuth and Jena to study how the mechanical recycling of plastics can be improved. With funding from the German Federal Ministry of Education and Research (BMBF), the SpecReK project aims to reliably and precisely identify the composition of plastic waste during the recycling process and thus improve the quality of recycled plastics. This will be achieved by combining state-of-the-art measuring techniques with artificial intelligence (AI).

BASF officially opened its new Catalyst Development and Solids Processing Center in Ludwigshafen, Germany, on December 12, 2024. This research facility will serve as a hub for pilot-scale synthesis of chemical catalysts, enabling BASF to offer its global customers faster access to innovative technologies. This pilot plant will also be of central importance for the development of new solids processing technologies.

Thanks to significantly higher contributions from the core businesses, BASF Group’s EBITDA before special items (income from operations before depreciation, amortization and special items) increased in the third quarter by €77 million to €1.6 billion. “The positive earnings momentum in our core businesses was already visible in the first half of 2024 and continued in the third quarter, driven by higher volumes and margins,” said Dr. Markus Kamieth, Chairman of the Board of Executive Directors of BASF SE. This increase was partially offset by a considerable earnings decline in the standalone businesses as well as in Other.