BASF Venture Capital America Inc. today announced it has acquired EnerG2, a manufacturer of advanced carbon materials for next-generation energy storage devices.
The two entities have had a strategic partnership since 2014. The financial details of the transaction are not being disclosed.
“Under BASF’s roof, EnerG2 will continue to develop innovative, high-performance materials,” said Dr. Guido Voit, Managing Director of BASF Venture Capital America Inc. “Combining the strengths of both companies unlocks the full potential of EnerG2’s engineered carbons and allows us to grow the business further.”
Engineered carbons enhance storage performance by allowing for higher voltage and energy in supercapacitors and by significantly increasing the durability of lead-acid batteries at a partial-state-of-charge.
EnerG2’s patented carbon technology platform enables large-scale production of carbon materials that surpass the limitations of the carbons traditionally used in energy storage. It allows battery producers to tailor the carbon properties to specific applications in automotive and industrial applications.
“Our strategic partnership with BASF over the past years has led to technological advancements and commercial success,” said Rick Luebbe, co-founder and CEO of EnerG2. “As members of the BASF team, we have the opportunity to expand our operations to support customers on a global scale.”
EnerG2 has offices and laboratories in Seattle, Washington, and a production site in Albany, Oregon.
Source: BASF
PepsiCo Europe and crop nutrition company Yara have announced a long-term partnership aimed at providing European farmers with low-carbon crop nutrition solutions to help decarbonise the food value chain. Under the agreement, Yara will supply PepsiCo with up to 165,000 tons of fertiliser per year by 2030, covering around 25% of the food and beverage giant’s crop fertiliser needs across Europe.
BASF has signed an agreement to sell its flocculants business for mining applications to Solenis, a specialty chemicals manufacturer. The divestment of the flocculants business to Solenis is part of BASF’s ongoing portfolio optimisation with the aim of focusing on strategic core areas.
ADAMA Ltd. a leading crop protection company, announced that its board of directors has appointed Gaël Hili as its President and Chief Executive Officer, effective October 1, 2024. Hili will join the Syngenta Group Leadership Team and will be based in Tel Aviv.
