According to the latest annual report by brand valuation consultancy, Brand Finance, BASF is still the most valuable chemicals brand with a brand value of $9.2 billion 11% up on 2023, and a brand strength rating (BSR) of AAA-. It ranked fourth in the brand strength index with score of 80.7 of 100. This is the tenth consecutive year that BASF has topped the chemicals segment.

BASF has notified Ineos that it intends to close its hexamethylene diamine (HMD) at the Seal Sands site on Teesside, UK. It has also served notice on its contract to supply services and utilities there until 2028. As a result, Ineos has begun consultation on the proposed closure of the services and utilities plant. In all, some 30 jobs could be lost.