Monday, 10 February 2025
FILE PHOTO: Germany's Economy and Climate Minister Robert Habeck holds a press conference about the autumn economic projection, in Berlin, Germany, October 9, 2024. REUTERS/Liesa Johannssen/File Photo
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Germany earmarks $3 billion for decarbonisation subsidies

To achieve climate neutrality by 2045, Germany will offer subsidies for decarbonisation in the glass, paper, and chemical sectors.

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BASF receives funding approval for the construction of the world’s largest industrial heat pump for CO2-free steam generation

Heat pump will use waste heat from steam cracker for CO2-free steam production Greenhouse gas emissions from formic acid production at the Ludwigshafen...

UAE state energy giant ADNOC will buy German chemicals firm Covestro for 12 billion euros ($13.3 billion) (AFP)
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UAE oil giant ADNOC swoops on German chemicals firm Covestro

Covestro accepts ADNOC's 12 billion euros takeover bid, boosting ADNOC’s diversification while Germany's chemical sector struggles.

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Partnering CEOs visited Hollandse Kust Zuid

The partnership of Vattenfall and BASF started 20 years ago and deepened when BASF bought 49.5% of the Dutch offshore windfarm Hollandse Kust...

FILE PHOTO: An employee works on an ingot of 99.97 percent pure palladium at the Krastsvetmet nonferrous metal plant in Krasnoyarsk, Siberia, September 30, 2014. REUTERS/Ilya Naymushin/File Photo
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Goldman, BASF, others in $20 million platinum, palladium price-fixing settlement

Goldman Sachs and BASF agree to pay $20m to settle antitrust lawsuit accusing them of conspiring to suppress platinum and palladium prices

A boat cruises past the Indonesia Weda Bay Industrial Park in Central Halmahera, North Maluku province, Indonesia, Saturday, June 8, 2024. Indonesia has been building out a vast industry for nickel. (AP Photo/Achmad Ibrahim)
BiodiversityClimateCritical MineralsElectric Vehicles (EVs)EnvironmentIn-DepthMineralsMining

Indonesia’s nickel boom sparks environmental alarm

In Indonesia's Halmahera, rapid nickel industry growth devastates forests and communities, fueling deforestation, pollution, and broken promises of prosperity.

News ReleaseChemicals

BASF and ENGIE signed a long term Biomethane Purchase Agreement in Europe

BASF and ENGIE signed a 7-year Biomethane Purchase Agreement (BPA) Biomethane is used as a substitute for fossil raw materials in chemical production...

BusinessEconomyElectricityNewsPoliticsTradeWind

Siemens Energy boss says there can be no energy transition without China

Europe's energy sector relies too much on China to entertain the idea of de-risking, says the CEO of Siemens Energy.

News Release

Vattenfall and BASF sign purchase agreement for 49 percent of Germany’s Nordlicht offshore wind farms

Vattenfall and BASF have agreed the sale of 49 percent of Vattenfall's Nordlicht 1 and 2 wind farms to BASF. The two companies...

News Release

Offshore windfarm Hollandse Kust Zuid inaugurated

Today, Dutch King Willem-Alexander officially inaugurated wind farm Hollandse Kust Zuid, celebrating the completion of Vattenfall’s largest offshore windfarm to date with board...

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