BASF receives funding approval for 54-megawatt water electrolysis plant

MRC -- BASF has come a major step closer in building a proton exchange membrane electrolyze, said the company.

In cooperation with Siemens Energy, work on the water electrolysis at the Ludwigshafen site – the so-called Hy4Chem-EI project – is now entering the next phase of construction. Dr. Franziska Brantner, Parliamentary State Secretary at the Federal Ministry for Economic Affairs and Climate Action, presented the official notification of funding to Dr. Melanie Maas-Brunner, member of the Board of Executive Directors of BASF SE and Site Director Ludwigshafen, in the presence of Malu Dreyer, Minister-President of Rhineland-Palatinate.

With an output of 54 megawatts (MW) and a capacity of up to 8,000 metric tons of hydrogen per year, the PEM electrolyzer will be one of the largest of its kind in Germany once it is operational. Powered using electricity from renewable energy sources, the system will produce CO2-free hydrogen and thereby reduce greenhouse gas emissions at the site by up to 72,000 metric tons annually. BASF will primarily use this hydrogen as a raw material in the manufacture of products with a reduced carbon footprint. In addition, the company will supply hydrogen for mobility in the Rhine-Neckar Metropolitan Region to support the ramp-up of a hydrogen economy in the area.

BASF and Siemens Energy plan to begin operating the water electrolysis plant in 2025. In cooperation with the State of Rhineland-Palatinate, the German Federal Ministry for Economic Affairs and Climate Protection is contributing up to €124.3 million to the project – up to €37.3 million of which will be financed by the government of Rhineland-Palatinate.

BASF has set itself the target of achieving net zero CO2 emissions by 2050. The use of renewable energies, an increase in energy efficiency in production, and new technologies will support this objective. The Ludwigshafen site has a key role to play: Numerous technologies are being tested and developed at the company’s headquarters with the aim of replacing fossil fuels and using renewable electricity instead. In addition to water electrolysis, examples include the demonstration plant for electrically heated steam cracker furnaces and a methane pyrolysis test plant.

We remind, BASF, a globally leading battery materials producer, and SK On, a globally leading electric vehicle battery cell manufacturer, have entered into an agreement to jointly evaluate collaboration opportunities in the global lithium-ion battery market focused on North America and Asia-Pacific. The collaboration brings together strong business and product development capabilities to develop industry-leading battery materials for lithium-ion batteries.

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Covestro achieves EBITDA guidance for third quarter

Covestro achieves EBITDA guidance for third quarter

MRC -- Covestro’s third quarter of 2023 was characterized by a persistently difficult market environment with continued low demand in all regions, said the company.

Covestro’s Group sales declined by 22.7 percent to EUR 3.6 billion (previous year: EUR 4.6 billion), mainly as a result of lower selling prices and a slight reduction in volumes sold. The Group’s EBITDA fell by 8.3 percent to EUR 277 million (previous year: EUR 302 million). In addition to exchange rate movements, this was attributable, inter alia, to a decrease in volumes sold due to lower demand. In contrast, higher margins had a beneficial effect on EBITDA, since the decline in the selling price level was more than offsetby lower raw material and energy prices compared to the extremely high raw material prices in the prior-year quarter. Lower selling and administrative expenses and a decrease in fixed cost of goods thanks to the Group’s strong focus on efficiency also had a positive effect. Net income in the third quarter was EUR –31 million (previous year: EUR 12 million), and the free operating cash flow (FOCF) rose to EUR 308 million (previous year: EUR 33 million).

“Again, there was no significant revival of the economic activity in the third quarter, with global demand remaining at a very weak level,” says Dr. Markus Steilemann, CEO of Covestro. “Covestro is thus all the more committed to creating the right framework: we are operating efficiently and with a high degree of cost consciousness. We are also investing in the global expansion of our capacities using innovative technologies. We are thus continuing to consistently orient ourselves towards the circular economy and are expanding the foundations for sustainable growth.”

We remind, Covestro is expanding its production capacities for thermoplastic polyurethane (TPU) Films in the Platilon® range, as well as the associated infrastructure and logistics. To this end, the company is investing a low double-digit million euro amount in its German center of excellence for the aforementioned films in Bomlitz, Lower Saxony.

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KRONOS and Covestro demonstrate pigmented ink solutions for more sustainable textile printing

KRONOS and Covestro demonstrate pigmented ink solutions for more sustainable textile printing

MRC -- KRONOS, a leading provider of titanium dioxide pigments, and Covestro, a global leading manufacturer of high-quality polymers, are collaborating to demonstrate how innovative new material solutions can support the uptake of digital inkjet printing on fabrics, advancing the textile industry’s sustainability transition, said the company.

Following testing by the two raw material suppliers and validation by industry partners, the collaboration successfully demonstrates that Covestro’s waterborne INSQIN® portfolio of Impranil® polyurethane binders and Imprafix® cross-linkers is compatible with the white pigment dispersion KRONOS 9900 Digital White. No significant sedimentation was observed, and all formulations showed good stability even after four weeks of testing at 50°C.

As such, the proven compatibility of the four Covestro binders Impranil® DL 1602, Impranil® DL 1618, Impranil® DL 1620, and Impranil® DL 1623 with KRONOS 9900 Digital White is an exciting development, opening the door to increased uptake of inkjet fabric printing. Together, these ingredients create a suitable formulation for a reliable printing process.

We remind, Covestro is expanding its production capacities for thermoplastic polyurethane (TPU) Films in the Platilon® range, as well as the associated infrastructure and logistics. To this end, the company is investing a low double-digit million euro amount in its German center of excellence for the aforementioned films in Bomlitz, Lower Saxony.

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AkzoNobel invests in coatings technology to support beverage can industry transition

AkzoNobel invests in coatings technology to support beverage can industry transition

MRC -- AkzoNobel invests in coatings technology to support beverage can industry transition, said the company.

The beverage can industry’s ongoing efforts to move to products free from materials of concern are being boosted by the launch of next generation coatings technology from AkzoNobel – while a new production plant is also being constructed in Spain.

The company’s Packaging Coatings business has just launched the first two products in its new AccelstyleTM range. Designed for the exterior of conventional two-piece aluminum beverage cans, both are free from bisphenols, styrene and PFAS (per- and polyfluoroalkyl substances). They follow on from the May 2023 launch of AccelshieldTM 700 – the first BPx-NI* (free of intentionally added bisphenols) internal coating for beverage can ends – which complies with US Food and Drug Administration (FDA) and EU regulations.

At the same time, AkzoNobel is investing €32 million in a new plant at its Vilafranca site, which will produce bisphenol-free coatings for the metal packaging industry in EMEA (Europe, Middle East and Africa). The facility will use advanced automation and has been designed according to high eco-efficiency standards, enabling the company to make a step-change in energy and material efficiency. It’s expected to be operational by mid-2025 and will create around 40 jobs.

We remind, AkzoNobel launches industry’s first architectural powder coating that can be cured at temperatures as low as 150°C while still being Qualicoat class one certified. Curing at temperatures 30°C lower than traditional powder coatings means that Interpon D1036 Low-E can help customers cut energy consumption by as much as 20%.

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BASF completes defoamer expansion in Turkey

BASF completes defoamer expansion in Turkey

MRC -- BASF, a global leader in the supply of additives to the coatings industry, has announced the expansion of defoamer capacity at its Dilovasi plant in Turkey, said the company.

The new production line increases the company’s capacity on site, allowing a better response to rising demand for high-performance Foamaster® and Foamstar® products in South-East Europe, the Middle East and Africa. By increasing its production capacity significantly, BASF will improve its service to customers in the region and reduce lead times to ensure faster delivery.

The new production line also helps BASF to cut emissions related to transportation of the products by significantly reducing distances.

The Dilovasi plant in Turkey plays an important role in BASF’s additives business, serving as a key supply point for Dispex® AA products, including defoamers. The recent expansion of the polyacrylic-dispersing-agent line and the now enlarged defoamer capacity further strengthen the plant’s role in BASF’s additives business.

“The additional capacity in Dilovasi enables us to support the growth plans of our customers in the region and improve our service level,” explained Joachim Burger, Head of Sales Additives EMEA. Defoamers are essential in the production of paints, coatings and inks since they prevent not only foaming but also, as a result, defect formation. BASF’s Foamaster® and Foamstar® products are well-known for their high performance in defoaming applications.

We remind, BASF, a globally leading battery materials producer, and SK On, a globally leading electric vehicle battery cell manufacturer, have entered into an agreement to jointly evaluate collaboration opportunities in the global lithium-ion battery market focused on North America and Asia-Pacific. The collaboration brings together strong business and product development capabilities to develop industry-leading battery materials for lithium-ion batteries.

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