News & Events

To align the company’s green power supply and demand, BASF is streamlining its current portfolio of renewable power projects. Accordingly, BASF has decided to sell its 49 percent equity share in the Nordlicht 1 and 2 wind farms back to Vattenfall. In parallel, BASF continues the collaboration with Vattenfall by securing a long-term supply of renewable power for BASF’s chemical production in Europe – at a time when such additional supply will be needed.

In 2024, BASF generated sales of around €11 billion with products that have come on the market in the past five years and stem from research and development activities. These figures can also be found in the BASF Report 2024, which was published on March 21, 2025. “Our long-term aim is to further increase our sales and earnings from new and improved products – especially with technologies that contribute to sustainability,” said Dr. Stephan Kothrade, member of the Board of Executive Directors and Chief Technology Officer at BASF. In 2024, BASF was once again among the leading companies in the chemical industry in terms of the number and quality of its patents. The company filed 1,159 new patents, roughly 45 percent of which had a particular focus on sustainability.

Ludwigshafen – March 21, 2025 – Today, BASF has published its audited annual report for the business year 2024. It contains all key financial figures and comprehensively documents BASF’s environmental, social and governance performance. It shows how the company creates value for its stakeholders and how sustainability contributes to BASF’s long-term success.