Basf Agreements

At BASF, we create chemistry for a sustainable future. We associate economic success with environmental protection and social responsibility. More than 117,000 BASF Group employees contribute to the success of our customers in almost every sector and almost every country in the world. Our portfolio is divided into six segments: chemistry, materials, industrial solutions, surface technologies, nutrition and agricultural care and solutions. BASF generated sales of 59 billion euros in 2019. BASF shares are traded on the Frankfurt Stock Exchange (BAS) and as American Depositary Receipts (BASFY) in the United States. For more information, see www.basf.com. „Since the late 1990s, the objectives of location agreements have been two main objectives. The first is to show, through investments, reliable and robust prospects for the development of the Ludwigshafen site. The second is to establish mandatory protection mechanisms for workers. We have achieved both of these goals again in the 2025 agreement,“ commented Sinischa Horvat, Chair of BASF SE`s Corporate Committee. In view of the current crisis, the rapid conclusion of the location agreement in 2025 is a strong and positive signal for staff and the region.“ As the inventor of the Nickel Metal-Hydride (NiMH) battery, we have created a leading patent portfolio and continue to develop state-of-the-art technology.

BASF has entered into licensing agreements and other strategic alliances with major companies around the world through its Ovonic battery materials subsidiary. Below is a partial list of companies that are licensed under our own NiMH battery technology and lithium-ion cathode materials and manufacturing process agreements. „We are facing a series of major changes, driven by demographic changes, limited natural resources and digitization. The conditions under which we do business are changing more and more quickly,“ says Michael Heinz, BASF SE`s executive committee member and site manager. If the Ludwigshafen site is to succeed in a rapidly changing business environment, we need to become more agile and flexible. This is in line with our new business strategy. With the new location agreement, we support the necessary culture change while creating reliable framework conditions for our employees. I am sure this will help us to make the Ludwigshafen site competitive and sustainable in the long term. „This project is a good example of how to accelerate technological development through interprofessional cooperation,“ says Adrian Steinmetz, Vice President Global Chemical Catalysts – Adsorbents at BASF.