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MOSCOW (MRC) -- BASF has broken ground
on a new cathode active materials production plant, said Chemweek.
The
plant in Schwarzheide, Germany is scheduled to come online in 2022, creating 150
new jobs and will enable the supply of around 400,000 full electric vehicles a
year. This new site will complement BASF’s multi-step investment plan in the
European battery materials market, using precursors from the company’s
previously announced plant in Harjavalta, Finland.
The German government
are putting ˆ175m towards the project which is part of the Important Project of
Common European Interest (IPCEI) approved by the European Commission in December
2019, under the EU State aid rules.
As MRC informed earlier,
BASF has restarted toluene diisocyanate (TDI) production at its 300,000-metric
ton/year plant in Ludwigshafen, Germany, although output has not yet increased
sufficiently for the company to lift a force majeure (FM) it declared in
August.
As MRC informed earlier,
BASF had put a project to build a petrochemicals complex in India worth up to
USD4 billion on hold due to the economic uncertainty caused by the COVID-19
pandemic.
We remind
that Russia's output of chemical products rose in September 2020 by 6.7%
year on year. At the same time, production of basic chemicals increased by 6.1%
year on year in the first nine months of 2020, according to Rosstat's data.
According to the Federal State Statistics Service of the Russian Federation,
polymers in primary form accounted for the greatest increase in the
January-September output. Last month's production of primary polymers decreased
to 852,000 tonnes from 888,000 tonnes in August due to shutdowns in Tomsk, Ufa
and Kazan. Overall output of polymers in primary form totalled 7,480,000 tonnes
over the stated period, up by 16.4% year on year. |
