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BASF Increases Lithium-Ion Batteries Investment

basf logo11 BASF Increases Lithium Ion Batteries Investment

German chemical company BASF (PINK: BASFY) is expanding its presence in the lithium-ion battery technology field. On Thursday, the company announced its acquisition of Novolyte Technologies, a maker of lithium-ion electrolyte formulations. Though BASF would not release financial details, it revealed that it is acquiring the company from previous owner Arsenal Capital Partners. The purchase [...]

BASF Creates “Battery Materials” Unit

basf logo1 BASF Creates “Battery Materials” Unit

German-based chemical company BASF has been rather busy lately, exhibiting a strong desire to break into the red hot lithium-ion battery market. The company has created a new global business unit called “Battery Materials” and has started to acquire battery research and manufacturing companies at a frenzied pace. In February alone the company has purchased [...]

BASF Invests in Renmatix

basf logo BASF Invests in Renmatix

Just like Coca-Cola’s announcement of partnering with Gevo, Virent and Avantium, the renewable chemicals world takes notice when chemical giants such as BASF, Dow Chemical and DuPont announced further investments in this field. BASF’s $30m investment in US cellulosic sugar developer Renmatix signals the German chemical firm’s intent to expand its feedstock source especially for [...]

BASF Backing Green School Investmet

green+school BASF Backing Green School Investmet

Green schools = Productive and healthy mind for students + Extra money for schools. This was the message sent last month at BASF’s High Performance Buildings for Education summit held in New York City. While construction chemical companies are indeed seeing greatbusiness potential in growing green buildings trend, there is no doubt(as seen on different [...]

Masdar City Selects BASF as Preferred Supplier

Masdar City, the futuristic green metropolis being built in AbuDhabi, has selected BASF to be its preferred supplier for buildingmaterials. BASF – familiar to middle aged Americans as a supplier of blankcassette tapes – is one of the world’s big chemical and materialssuppliers. Among its various building products are polystyreneinsulation and chemicals for phase-change air [...]