what the gas crisis means for the world’s largest chemical company

In 2021, the German chemical company BASF consumed as much gas at its Ludwigshafen site alone as the whole of Switzerland. What the gas crisis means for the company and why it is still adjusting the annual target upwards.

BASF’s main plant in Ludwigshafen is the largest contiguous chemical complex in the world.

Michael Probst / AP

At first glance it doesn’t match. On the one hand, BASF, the world’s largest chemical company based in Ludwigshafen, is the largest industrial gas consumer in Germany and is therefore particularly affected by the rising gas prices. On the other hand, the group presented good results for the first half of the year on Wednesday and revised the expectations for the entire current year upwards.

See also  Guru's portfolio: what 5 shares did Ark Invest founder Katie Wood invest in? :: News :: RBC Investments



Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Social Media

Most Popular

On Key

Related Posts