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More cuts to come at Ludwigshafen

In its annual results presentation, BASF announced plans to reduce costs at its main verbund site in Ludwigshafen by a further €1 billion/year by the end of 2026. This comes on top of a similar scale of cuts initiated in late 2022.

Last year, results in Germany suffered due to substantially negative earnings at Ludwigshafen, the company said. This was attributed to two main causes: the temporary low-demand environment is affecting volume development both upstream and downstream, while structurally high energy prices are raising production costs upstream.

BASF starts up new supercomputer

BASF has started up a new supercomputer at its Ludwigshafen verbund site in Germany. Like its predecessor, the new machine will be called Quriosity but will have three petaflops of computing power compared to 1.75. It will also be the largest supercomputer used in industrial chemical research.

Aroma ingredients investment for BASF

BASF is to invest in a new citral plant at its verbund site in Zhanjiang, China. This will bring its global capacity to 118,000 tonnes/year when it comes onstream in 2026 onwards. The company is also expanding its downstream menthol and linalool plants at Ludwigshafen. This all comes in response to growing demand for aroma ingredients in the flavours and fragrances markets.

BASF creates renewable energies operation

BASF is bundling its activities in renewable energies under the umbrella of BASF Renewable Energy from the start of 2022. Led by Horatio Evers, this subsidiary will focus on supplying European sites with electricity from renewable energies, electricity trading and global consulting.

New site agreement at Ludwigshafen

BASF management and representatives of the 34,000 employees at the Ludwigshafen verbund site in Germany have signed a new site agreement. This will run from 1 June to the end of 2025, replacing one that was due to expire at the end of 2020.

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