Tag: BASF

BASF Corp. appoints company veteran Michael Heinz as new chairman and CEO

Editor

US – BASF Corp, the North American affiliate of German chemical giant BASF SE, has appointed Michael Heinz as the new chairman and chief executive officer. Michael who assumed the role on June 1 is a veteran of BASF having worked at the chemical giant for over 40 years. According to a statement from the company, Heinz has spent over a decade in leadership positions in the US. He has previously led BASF’s activities in Mexico and Ecuador and was in charge of the firm’s Crop Protection division. Heinz also…

Read More

BASF opens Customer Experience Centre in Kenya to support application of food solutions

Editor

KENYA – German human nutrition company and food ingredients supplier, BASF has opened a Customer Experience Centre in Nairobi, Kenya to provide tailor-made support for formulation and application of food solutions. The center offers an open space architectural design that fosters closer collaboration and nurtures cross industry pollination, allowing BASF and its customers to develop tailor-made solutions. BASF said that the Customer Experience Centre, strategically located in the capital of East Africa’s most vibrant economy, will service the East Africa market providing customers with formulations and applications that blend with…

Read More

BASF invests in pioneering Israeli AgTech startup Equinom

Editor

ISRAEL – German nutrition and agricultural solutions company, BASF has lead a funding round in Israeli AgTech startup, Equinom through its investment arm, BASF Venture Capital. Existing investors who also joined this round include, among others, Fortissimo Capital, a leading Israeli private equity fund, as well as Roquette, a global leader in plant-based ingredients for food, nutrition and health markets. Equinom utilises computerized breeding technology to provide optimized seeds for the food industry to help it meet growing demand for plant-based products used as ingredients, clean label packed goods and…

Read More

BASF invests US$4m in Latin American agritech startups focused fund AgVentures II

Editor

BRAZIL – BASF Venture Capital, the investment arm of German agribusiness company BASF, has committed to invest US$4 million in the Brazilian fund AgVentures II, marking BASF Venture Capital’s first investment in Brazil. Managed by São Paulo-based SP Ventures, the fund focuses on startups from the Latin American agricultural and food (AgFood) sector. It aims to support 20 to 25 new companies founded and headquartered in Latin America. The funding round also saw the participation multinational companies as strategic investors as well as financial investors, international development finance institutions and…

Read More

BASF enters natural flavours and fragrances market with acquisition of Isobionics

Editor

GERMANY – BASF has acquired Isobionics, an innovation leader in biotechnology serving the global natural flavors and fragrances market, marking chemical company’s entry into the flavor and fragrance market. Isobionics, a Netherlands based company develops and produces a wide range of natural ingredients for the F&F market with a focus on citrus oil components such as nootkatone and valencene. Following the acquisition, Isobionics and all its employees will become part of BASF’s Aroma Ingredients business. To further strengthen its footprint in the sector, BASF has also entered into a cooperation…

Read More

BASF joins the International Wheat Genome Sequencing Consortium

Editor

GERMANY – German chemical and agribusiness company, BASF has joined the International Wheat Genome Sequencing Consortium (IWGSC) as a sponsoring partner. As a sponsor, BASF will participate in IWGSC-led projects and activities including development of genomic resources for wheat scientists and breeders. Also, as members of the Coordinating Committee, the sponsors help shape the IWGSC priorities, strategic plans, and activities. These resources aim at facilitating the production of wheat varieties better adapted to environmental challenges, with higher yields, enhanced nutritional quality, and improved sustainability. IWGSC, through an industry-led program is…

Read More

Kenya partners German firm BASF in potato post-harvest reduction project

Editor

KENYA – Kenya has partnered German chemical firm BASF in a project that seeks to address post-harvest losses of potato experienced by farmers in the country. The trial project will be spearheaded by the Kenya Investment Authority as part of the Unlocking Africa’s Food Potential programme. According to a report by Kenya Digest, BASF is set to test a storage technology, known as polyurethane, in the leading potato producing region, Nyandarua county before adopting it for other counties. The project will be championed by technical committee made up of stakeholders…

Read More

BASF pledges support to end plastic waste and pollution in Africa

Editor

SOUTH AFRICA – BASF, a multinational chemical company, has pledged support to the Alliance to End Plastic Waste (AEPW) in its bid to reduce plastic waste and pollution in Africa. AEPW is a new initiative of global companies, of which BASF is a founding member, and has committed over US$1 billion with the goal of investing US$1.5 billion in working on solutions to reduce plastic waste in the environment over the next five years. Dr. Martin Brudermüller, Chairman of the Board of Executive Directors and Chief Technology Officer of BASF SE,…

Read More

BASF strengthens collaboration with Grolman in Europe

Editor

GERMANY – BASF and Gustav Grolman GmbH & Co. KG strengthen their exclusive collaboration in Europe in the marketing of amine-based curing agents for the professional processing of epoxy resins. Gustav Grolman GmbH & Co. KG is an international distributor of specialty chemicals. According to the BASF, Grolman expands the marketing of the BASF specialty chemicals under the Baxxodur brand to Italy, Spain and Portugal, specifically for use in epoxy resin based applications. Examples are thermosetting laminates, highly resistant floor coatings, corrosion protection varnish and composite materials. The products are…

Read More

BASF launches Luminate FCC catalyst to help refiners increase liquid product yields

Editor

GERMANY – BASF, a German chemical company and the largest chemical producer in the world, introduced Luminate, a new generation of Fluid Catalytic Cracking (FCC) catalysts for gasoil refiners. According to the company, the Luminate catalyst is tailored to deliver superior conversion while improving coke selectivity, which can help refineries maximize profitability. This is BASF’s first catalyst based on a new Improved Zeolite Y (IZY) technology. Commercial trials in multiple FCC units showed that the catalyst delivers superior liquid product yields with lower delta coke. “The Luminate catalyst is an…

Read More