Major German chemical supplier BASF announced recently that it will be committing more resources into developing products and services related to EV batteries. To this end, the company will be investing EUR 3.5-4.5 billion between 2022 and 2030 into its battery material and recycling business. Moreover, its automotive catalyst business will be spun off into […]
BASF, Porsche to Develop High-Performing Lithium-Ion Batteries
BASF will provide materials for high-performance battery cells for fast charging and high energy density. Cellforce Group will produce the high-performing batteries. Berlin : Germany’s BASF said on Wednesday it has been chosen as the exclusive partner to develop high-performing lithium-ion batteries for electric vehicles with Cellforce Group, a joint venture between Porsche and Customcells. […]
RWE and BASF Plan $4.9 Billion Offshore Wind Power Project
As part of the project, which depends on more favourable legislation, RWE plans to build a 2 gigawatt (GW) offshore wind park by 2030 to help to supply BASF’s Ludwigshafen chemicals complex, Germany’s single biggest electricity consumer. FRANKFURT: Chemicals giant BASF and German utility RWE on Friday announced a potential 4 billion euro ($4.9 billion) […]
Norwegian Pension fund drops Exxon, Chevron, BASF over climate lobbying
A Norwegian pension fund said Monday that it is divesting over USD 47 million from 27 companies, including Exxon and Chevron, as part of its commitment to combating climate change. The fund warned other major oil and gas companies it might drop them as well. Storebrand, which manages assets worth USD 91 billion, had over […]
Fortum, BASF and Nornickel sign Pact for Battery Recycling in Finland
Image Source: EV Battery Recycling Fortum BASF Nornickel Fortum, BASF and Nornickel have signed a letter of intent to plan a battery recycling cluster in Harjavalta in Finland, serving the electric vehicle market. This would enable a successful closed loop cycle to re-use the critical metals present in used batteries. Using metals from recycled batteries […]