Basf Se ADR (BASFY)

FLORHAM PARK, N.J., May 21, 2024 (GLOBE NEWSWIRE) -- On May 20, 2024, BASF Corporation (“BASF”), the North American affiliate of BASF SE, agreed to a settlement with a nationwide class of public water systems that detected PFAS in their drinking water sources, which they allege to be associated with the use of Aqueous Film Forming Foam (“AFFF”) products. Some of the AFFF products at issue in the litigation were made using a surfactant produced by Ciba Specialty Chemicals (“Ciba”), which BASF acquired in 2009. In 2003, years before BASF acquired Ciba, Ciba sold that business line to another company. Under the terms of the agreement, BASF has agreed to contribute $316.5 million ($312.5 million to resolve the PFAS claims, plus $4 million toward settlement administration costs). The settlement releases these claims against BASF, Ciba, and other related corporate entities. This settlement was entered in connection with the previously disclosed AFFF multi-district litigation (“MDL”) being overseen by the United States District Court for the District of South Carolina (the “MDL Court”).

FLORHAM PARK, N.J., May 14, 2024 (GLOBE NEWSWIRE) -- For the twelfth consecutive year, BASF has been named one of Fair360’s Top 50 Companies, ranking number 22 on the list in 2024. BASF was also recognized this year as a Top Company for Sponsorship, a Top Company for Latino Executives, and a Top Company for Executive Fairness Councils. Fair360 announced the 2024 list during its annual Top 50 Companies event on May 13, 2024, in New York City.

FLORHAM PARK, N.J., May 09, 2024 (GLOBE NEWSWIRE) -- Three BASF leaders in manufacturing were among 130 women recognized nationally at The Manufacturing Institute’s (MI) annual Women MAKE Awards. This national awards program identifies top talent in manufacturing and further encourages award winners to mentor and support the next generation of female talent to pursue modern manufacturing careers.

DETROIT and MANNHEIM, Germany, May 02, 2024 (GLOBE NEWSWIRE) -- Chemovator, the business incubator and early-stage investor of BASF, has successfully finalized an investment in Heartland. The Detroit-based startup is a frontrunner in the production of natural fiber plastic additives, and the latest addition to Chemovator's external-facing Elevate program.

FLORHAM PARK, N. J. and OAKLAND, Calif., April 23, 2024 (GLOBE NEWSWIRE) -- BASF and University of California (UC), Berkeley, are celebrating the 10-year anniversary of their collaboration known as the California Research Alliance (CARA). The multidisciplinary research center is focused on evaluating new materials, technologies and processes that will help address key sustainability challenges. To mark the anniversary, BASF and CARA hosted a scientific symposium on sustainable transformation in chemistry on April 22. The symposium brought together academic researchers, government representatives, and BASF scientists to celebrate the achievements of CARA and discuss how industry and academia can continue to work together to tackle the challenges facing the industry and society as a whole.

PORT ARTHUR, Texas, Feb. 21, 2024 (GLOBE NEWSWIRE) -- For the first time, BASF brings Ccycled® products manufactured in the U.S. to the market using feedstock from plastic waste. Leveraging its global expertise in ChemCycling®, BASF is offering customers ISSC+ certified advanced recycled building blocks from the BASF TotalEnergies Petrochemicals (BTP) facility in Port Arthur, Texas. ChemCycling utilizes recycled feedstock that is derived from plastic waste in the conventional production process, thereby partially replacing fossil resources.

Dyadic International Inc. (NASDAQ: DYAI), a leading biotechnology firm, focuses on developing innovative microbial platforms to address the increasing global demand for protein bioproduction. Furthermore, the company aims to fulfil unmet clinical and industrial needs by providing cost-effective, accessible, and efficient biopharmaceutical products for both human and animal applications.

FLORHAM PARK, N.J., Nov. 14, 2023 (GLOBE NEWSWIRE) -- BASF’s North American Apprenticeship Development Program has expanded for a second consecutive year in 2023, launching at eight additional regional manufacturing sites. The program, which offers apprentices a unique opportunity to gain on-the-job training and earn industry-recognized credentials while receiving a full-time wage, is now established at 28 BASF manufacturing sites across the United States. Among the new BASF sites welcoming apprentices in 2023 are Port Arthur, TX; Pasadena, TX; Malcom, IA; Southfield, MI; and Research Triangle Park, NC.

FLORHAM PARK, N.J., Oct. 04, 2023 (GLOBE NEWSWIRE) -- Kristen Pforr, BASF Vice President of Operations, Care Chemicals, has been inducted into the Women in Manufacturing (WiM) Hall of Fame. Pforr is one of 10 female manufacturing leaders selected for the global award, which recognizes women who have made, or are making, significant contributions to the manufacturing industry while supporting, promoting, and inspiring other women in manufacturing.

OSLO, Norway, June 29, 2023 (GLOBE NEWSWIRE) -- BASF and Yara Clean Ammonia are collaborating on a joint study to develop and construct a world-scale low-carbon blue ammonia production facility with carbon capture in the U.S. Gulf Coast region. The companies are looking into the feasibility of a plant with a total capacity of 1.2 to 1.4 million tons p.a. to serve the growing global demand for low-carbon ammonia.

FREMONT, Calif., June 12, 2023 (GLOBE NEWSWIRE) -- BASF Environmental Catalyst and Metal Solutions (ECMS) today announced energy usage at its site in Fremont, California, is net-zero with the installation of 428 rooftop solar panels. In addition, the site, which manufactures ready-to-use products for end users such as thermocouples and optical pyrometers, will gain a 30 percent savings on energy costs. The new solar panels will produce 230,000 kilowatts annually, which offsets 100 percent of what the site is currently using.

CAMBRIDGE, Mass., May 25, 2023 (GLOBE NEWSWIRE) -- BASF celebrated the tenth anniversary of its Northeast Research Alliance (NORA) with Harvard University, the Massachusetts Institute of Technology (MIT), and the University of Massachusetts (UMass) Amherst at a two-day conference this week at the headquarters of MIT’s Industrial Liaison Program in Cambridge. Representatives from BASF, Harvard, MIT, UMass as well as Greentown Labs, the Department of Energy and the National Science Foundation came together at the interface of technology, business, and society to discuss sustainability, circularity, and the translation of research from the lab to societal impact. At the conference, BASF announced its plans to expand the scope of NORA to include additional partners such as startups, accelerators, customers, research institutes, and other universities across North America to strengthen its innovation ecosystem. NORA will stand for the North America Open Research Alliance moving forward.

FLORHAM PARK, N.J., May 09, 2023 (GLOBE NEWSWIRE) -- Three BASF leaders in manufacturing were among 130 women recognized nationally at The Manufacturing Institute’s (MI) annual Women MAKE Awards. This national awards program honors women who have demonstrated excellence and leadership in their careers across all levels of the manufacturing industry, from the factory floor to the executive level.

FLORHAM PARK, N. J., March 14, 2023 (GLOBE NEWSWIRE) -- BASF has announced the company will continue its more than $100,000 sponsorship of the Women in Manufacturing Association (WiM) in 2023. The sponsorship supports events, development programs and donations to five state chapters of the association with local BASF representatives in leadership roles.

GEISMAR, La., Jan. 11, 2023 (GLOBE NEWSWIRE) -- BASF has broken ground on the third and final phase of the methylene diphenyl diisocyanate (MDI) expansion project at its Verbund site in Geismar, Louisiana, announced in July 2022. The company will increase production capacity to approximately 600,000 metric tons per year by the middle of the decade to support the ongoing growth of its North American MDI customers.

The SPDR S&P 500 ETF Trust (NYSEARCA: SPY) declined by 9.62% in September – its largest decline in 2022. The Fidelity NASDAQ Composite Index ETF (NASDAQ: ONEQ) and the SPDR Dow Jones Industrial Average ETF (NYSEARCA: DIA) mimicked this downward trend, showing monthly decreases in September of 10.54% and 8.98%, respectively.

FLORHAM PARK, N.J., Oct. 17, 2022 (GLOBE NEWSWIRE) -- Lori Goucher, BASF Senior Vice President of Investments and Technology, Catalysts Division, was one of thirteen women inducted into the Women in Manufacturing (WiM) Hall of Fame at a recent ceremony and gala.