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MarketScreener Homepage  >  Equities  >  Xetra  >  BASF SE    BAS   DE000BASF111

BASF SE

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BASF : Invests EUR20 Million in Quantafuel to Recycle Chemicals

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10/07/2019 | 08:18am EST

By Kim Richters

BASF SE said Monday that it is investing 20 million euros ($22 million) in Norway-based Quantafuel AS (QFUEL.NO), which makes fuels and chemicals out of plastic waste.

BASF and Quantafuel will collaborate on technology for chemical recycling, with Quantafuel planning to license the developed technology to customers in the future, BASF said.

The chemical giant said it will receive the right of first refusal for chemically recycled products such as pyrolysis oil from Quantafuel's plant in Denmark for at least four years. The site is to start operations in the fourth quarter of this year.

BASF's investment in Quantafuel will be through new shares and a convertible bond.

Write to Kim Richters at kim.richters@wsj.com

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Financials (EUR)
Sales 2019 61 943 M
EBIT 2019 4 723 M
Net income 2019 9 118 M
Debt 2019 18 540 M
Yield 2019 4,76%
P/E ratio 2019 6,84x
P/E ratio 2020 17,5x
EV / Sales2019 1,31x
EV / Sales2020 1,26x
Capitalization 62 723 M
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Martin Brudermüller Chairman-Executive Board & CTO
Jürgen Hambrecht Chairman-Supervisory Board
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