News & Events

BASF has received funding approval from the German Federal Ministry for Economic Affairs and Climate Action for the construction of the world’s most powerful industrial heat pump. In the coming months, the company will therefore be able to start the preparatory construction work for the project at its Ludwigshafen site. The project is intended to make an important contribution to reducing CO2 emissions. Today, Robert Habeck, Federal Minister for Economic Affairs and Climate Action, presented the funding approval to Uwe Liebelt, President European Verbund Sites, BASF SE.

With today’s presentation of its corporate strategy, BASF is setting a new direction: “Our ambition is to be the preferred chemical company to enable our customers’ green transformation,” says Dr. Markus Kamieth, BASF’s Chairman of the Board of Executive Directors, during his keynote at the Capital Markets Day in Ludwigshafen: “The strong and broad portfolio of chemical businesses at our core is what makes BASF most relevant to customers globally, across a wide variety of industries. Our standalone businesses serve distinct industries and are less connected to our integrated value chains. Going forward, we will unlock the value of these businesses.”

Ludwigshafen – September 26, 2024 – BASF is setting a new direction with its corporate strategy and has defined financial targets for 2025 to 2028 and updated its dividend policy accordingly.