basf se (BFFAF) Key Developments
Pacific NorthWest LNG to Utilize BASF's OASE Gas Treating Technology for Purification of Natural Gas
Dec 4 13
BASF and Pacific NorthWest LNG have concluded a license agreement on the use of BASF's OASE ® technology for the removal of carbon dioxide and sulfur containing components from natural gas for all trains of Pacific NorthWest LNG's proposed liquefied natural gas (LNG) facility in the district of Port Edward, near Prince Rupert, British Columbia, Canada. The facility anticipates shipping first gas to customers by the end of 2018. The use of BASF's OASE technology for Gas Treating is essential for the production of liquefied natural gas (LNG). BASF's OASE technology removes contaminants contained in the gas to enable its liquefaction at temperatures of about minus 160 degrees Celsius. Front-End Engineering and Design (FEED) for the LNG facility is currently ongoing with three international engineering contractors. The FEED is expected to be complete and in time for a Final Investment Decision by the end of 2014.
BASF and the Petroleum Institute Cooperate on Gas Treatment Research
Nov 29 13
BASF and the Petroleum Institute of Abu Dhabi intend to develop new processes for removing aggressive sulfur compounds from acid gases in a research collaboration. The two parties signed the agreement these days. The research activities of BASF and PI will focus on methods that show a favorable energy balance. Both BASF and PI complement each other's capabilities in developing efficient and economical gas treatment processes.
BASF Launches Master Builders Solutions Brand in Russia, Turkey, the Gulf Cooperation Council Countries
Nov 20 13
BASF launched the Master Builders Solutions brand in Russia, Turkey, the Gulf Cooperation Council countries -- for example Saudi-Arabia and the United Arab Emirates -- as well as Kazakhstan. The brand strengthens BASF's industry orientation: It stands for BASF's commitment to provide the whole construction industry with tailored products and solutions. Master Builders Solutions has already been introduced in the region Asia Pacific. It will be completely rolled-out worldwide by the end of the second quarter 2014. Master Builders Solutions draws on a number of successful specialty brands such as Master Builders ®, Glenium ® and Ucrete ®. It is based on a more than century-old tradition of innovations for the construction industry. The range of products and services marketed under the brand features a global naming system, helping BASF to support customers and partners with constantly high quality and consistent products and services. The portfolio of products and services marketed under the brand embraces chemical solutions for new construction, maintenance, repair and renovation of buildings as well as infrastructure: concrete admixtures, cement additives, solutions for mining and tunneling, waterproofing, concrete protection and repair products, grouts and high-performance flooring products. The launch of Master Builders Solutions in Russia, Turkey, the Gulf Cooperation Council countries such as Saudi Arabia and the United Arab Emirates, and Kazakhstan will support BASF in further strengthening its position in these emerging markets. Africa, Azerbaijan, and Jordan will follow in May 2014.
BASF SE Presents at German Equity Capital Forum 2013, Nov-12-2013 11:00 AM
Nov 10 13
BASF SE Presents at German Equity Capital Forum 2013, Nov-12-2013 11:00 AM. Venue: Congress Center der Messe, Frankfurt/Main, Germany. Speakers: Thorsten Pinkepank.
BASF Reports Earnings Results for the Third Quarter and Nine Months of 2013
Nov 8 13
BASF reported earnings results for the third quarter and nine months of 2013. For the quarter, the company reported earnings per share of EUR 1.20 compared with EUR 1.01 in the same quarter of 2012.
For the nine months, the company reported free cash flow of EUR 2.9 billion compared with EUR 2.3 billion in the first nine months of the previous year. Cash provided by operating activities amounted to around EUR 6.0 billion, up by EUR 957 million compared with the same period of 2012.