BASF

BASF (NYSE: BASF) is the largest chemical company in Germany and a leading global chemical supplier. The BASF Group has joint ventures and subsidiaries in over 80 countries and 390 different production sites, including six integrated production sites. The company generated revenue of EUR 68.9 billion (~USD 75 billion) in 2023. 

BASF offers a range of chemicals, materials, and solutions to a wide range of industries such as automotive, personal care, nutrition, and coatings. The company’s products and services are classified into six segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care, and Agricultural Solutions. Surface Technologies is the largest, having contributed ~24% of total revenue in 2023, followed by Materials (~21%) and Chemicals (~15%).

Europe was BASF’s largest regional market (~40% of total revenue in 2023), followed by North America (~28%). BASF is planning capital expenditures totaling EUR 19.5 billion for the period from 2024 to 2027. This includes EUR 6.8 billion for growth projects, such as the construction of a new integrated Verbund site in Zhanjiang, China, and the expansion of the battery materials business. It also plans to reach net zero emissions by 2050.