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BASF (EXCHANGE: BAS.DE) ADRs are not available.

Company Description

BASF is the world's largest chemical company. It is a German company. The full name is Badische Anilin Soda Farbrik, AG. The US website is: [1]

Operating divisions include chemicals (inorganics, petrochemicals, and intermediate products), plastics (engineering plastics, foams, and polyurethanes), performance products (acrylics, paper chemicals, personal care products, and pharmaceutical ingredients), functional solutions (catalysts, industrial coatings, and construction chemicals), and agricultural chemicals (herbicides, insecticides).

According to C&EN, in 2008, BASF sales were $91.8B, dwarfing no. 2, Dow Chemical ($57.5B), 3 Bayer ($48.5B), 4 Dupont ($30.5B), and 5 Akzo Nobel ($22.7B).

BASF is perhaps best known as a component (along with Hoechst and Bayer) of IG Farben, the German Dye Trust, which dominated the global chemicals business in the 1920s. They manufactured munitions for the Nazis, and were criticized for operating plants with slave laborers during World War II.

BASF is reported to be making a major investment in the development of advanced batteries especially lithium batteries--investing several hundred million in battery research between 2011 and 2016, and hopes to generate $500MM sales by 2020. Products include electrolytes and metal oxides and phosphates for cathodes. They supply for LFP and NMC and are working on lithium sulfur. Sion Power is developing a lithium sulfur battery. BASF has a stake in the company.

BASF is reported to be developing Nylon 6 powder for use in 3D printing by laser sintering. This is presumably part of their engineering plastics business.

Archroma plans to acquire BASF's textile chemicals business in 2015. Archroma is the former Clariant textile chemicals business now owned by SK Capital Partners. BASF also agreed to sell its fine chemicals unit to Siegfried.

In 2015, BASF announced plans to begin production of di-2-ethylhexyl terephthalate (DOTP), at its plant in Pasadena, TX. DOTP is a less toxic replacement for plasticizer di-2-ethylhexyl phthalate (DOP). The leading competitor in DOTP is Eastman Chemicals who has reported double digit growth rates for its Eastman 168 brand of DOTP.

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