BASF

BASF is the world's largest chemical company, established in 1865 and headquartered in Ludwigshafen, Germany. The company operates globally across six business segments: chemicals, plastics, performance products, functional solutions, agricultural solutions, and oil and gas. It provides a wide range of products including basic chemicals, polymers, and specialty chemicals used in various industries such as automotive, construction, pharmaceuticals, and agriculture. BASF also has a corporate venture capital arm, BASF Venture Capital, which invests in startups and venture capital funds focusing on innovative technologies in chemistry, new materials, and sustainability. This division seeks promising enterprises and disruptive technologies that align with BASF's future business strategies. Additionally, BASF West Africa Limited, a subsidiary based in Lagos, Nigeria, specializes in manufacturing construction chemicals. With a commitment to innovation and sustainability, BASF continues to address significant challenges in emerging markets.

Karime Hajar Alves

Investor

Martin Brudermüller

Investor

Dame Alison Carnwath

Managing Director

Abhisek Chakrabarti

Managing Director

Kin Wah Chay

Managing Director

Tiberiu Dima

Managing Director

Burhan Engin

Managing Director

Horatio Evers

Managing Director

Boris Gaspar

Managing Director

Vincent Gros

President

Sazzadul Hassan

Managing Director

Taiwo Ilesanmi

Managing Director

Nicolas Kerfant

Managing Director

Lars Kissau

President

Nils Koehler

CFO

Alpertunga Kuksal

Managing Director

Patrick Ledjam

Managing Director

Li Li

Investor

Andreas Lier

Managing Director

Ivan Ray Mendoza

Analyst

Ronald Mercado

Managing Director

Krishnamohan Narayan

Managing Director

Petrus Ng

Managing Director

Han Qin

Investment Manager

Ashwani K Sai Ram

Investor

Shollay Ramlaul

Managing Director

Daniel Rasmussen

Investor

Henrique Alecsander Silveira

Analyst

Joshua Speros

Investor

Yusheng Tang

Managing Director

Irene Yang

Principal

Wanyi Zhao

Associate

Andreas L.

Managing Director

Past deals in Oil and Gas Refining

P2 Science

Series C in 2020
P2 Science, Inc. is a bio-renewable chemistry company based in Woodbridge, Connecticut, specializing in the development and production of specialty chemicals derived from renewable feedstocks, such as vegetable oils. Founded in 2009 by a team that includes Yale scientists and an experienced chemical industry executive, the company focuses on creating high-value ingredients for flavors, fragrances, cosmetics, and other applications. P2 Science aims to provide sustainable alternatives to traditional petrochemical products, catering to diverse markets, including personal care, household cleaning, agriculture, and environmental remediation. Their innovative technology enables the conversion of renewable resources into cost-effective chemical solutions, addressing the increasing demand for greener options among major users in the specialty chemicals sector. The company also maintains a laboratory in New Haven, Connecticut, to support ongoing research and partnerships throughout the supply chain.

Isobionics

Acquisition in 2019
Isobionics B.V. develops, produces, and sells natural products for customers in flavor and fragrance market. It produces compounds, such as citrus oils that include lemon, orange, and grapefruit; compounds, including valencene and nootkatone, menthol, sandalwood oil, and patchouli oil; and other basic building blocks for the flavor and fragrance industry. The company was founded in 2008 and is based in Geleen, the Netherlands. As of September 26, 2019, Isobionics B.V. operates as a subsidiary of BASF SE.

Pyrowave

Grant in 2019
Pyrowave Inc. is a Canadian company that specializes in advanced recycling technology solutions, utilizing microwave-based chemical processes to convert post-consumer and post-industrial plastics into high-value liquid products. Founded in 2014 and headquartered in Oakville, the company employs a patented high-power microwave catalytic depolymerization technology, which restores plastics to their molecular state, indistinguishable from virgin materials. This innovative approach facilitates the infinite recycling of plastics, addressing the growing need for sustainable waste management. Pyrowave serves a diverse clientele, including municipal clients, private recyclers, and generators, by leasing its recycling machines and providing the resultant products from its processing operations.

P2 Science

Series B in 2017
P2 Science, Inc. is a bio-renewable chemistry company based in Woodbridge, Connecticut, specializing in the development and production of specialty chemicals derived from renewable feedstocks, such as vegetable oils. Founded in 2009 by a team that includes Yale scientists and an experienced chemical industry executive, the company focuses on creating high-value ingredients for flavors, fragrances, cosmetics, and other applications. P2 Science aims to provide sustainable alternatives to traditional petrochemical products, catering to diverse markets, including personal care, household cleaning, agriculture, and environmental remediation. Their innovative technology enables the conversion of renewable resources into cost-effective chemical solutions, addressing the increasing demand for greener options among major users in the specialty chemicals sector. The company also maintains a laboratory in New Haven, Connecticut, to support ongoing research and partnerships throughout the supply chain.

FRX Innovations

Series C in 2014
FRX Innovations Inc. is a manufacturer of environmentally sustainable flame retardant solutions, specializing in polyphosphonates under the brand name Nofia. The company produces a range of non-halogen, transparent, high melt flowing fire-resistant plastics that cater to various industries, including electronics, automotive, electric vehicles, medical devices, textiles, building and construction, and mass transit. FRX Innovations employs sustainable green chemistry principles in its production processes, utilizing solvent-free methods and generating no waste byproducts. Headquartered in Chelmsford, Massachusetts, with a manufacturing facility located in Antwerp, Belgium, the company distributes its products internationally through a network of distributors. Established in 2006, FRX Innovations operates as a subsidiary of Triton Systems, Inc.

FRX Innovations

Series C in 2014
FRX Innovations Inc. is a manufacturer of environmentally sustainable flame retardant solutions, specializing in polyphosphonates under the brand name Nofia. The company produces a range of non-halogen, transparent, high melt flowing fire-resistant plastics that cater to various industries, including electronics, automotive, electric vehicles, medical devices, textiles, building and construction, and mass transit. FRX Innovations employs sustainable green chemistry principles in its production processes, utilizing solvent-free methods and generating no waste byproducts. Headquartered in Chelmsford, Massachusetts, with a manufacturing facility located in Antwerp, Belgium, the company distributes its products internationally through a network of distributors. Established in 2006, FRX Innovations operates as a subsidiary of Triton Systems, Inc.

Verenium

Acquisition in 2013
Verenium possesses integrated, end-to-end capabilities in pre-treatment, novel enzyme development, fermentation, engineering, and project development and is moving rapidly to commercialize its proprietary technology for the production of cellulosic ethanol from a wide array of feedstocks, including sugarcane bagasse, dedicated energy crops, agricultural waste, and wood products. In addition to the vast potential for advanced biofuels, a multitude of large-scale industrial opportunities exist for the Company for products derived from the production of low-cost, biomass-derived sugars.

Pronova BioPharma Norge AS

Acquisition in 2013
Pronova BioPharma Norge AS provides researches, develops, and manufactures marine-originated omega-3 derived pharmaceutical products.

Aspen Aerogels

Debt Financing in 2012
Aspen Aerogels, Inc. specializes in the design, development, manufacturing, and sale of advanced aerogel insulation products. These products are primarily aimed at the energy infrastructure and building materials markets globally. Key offerings include Pyrogel XTE, which mitigates corrosion under insulation in energy systems, and Cryogel Z, designed for cryogenic applications. The company also provides various solutions for the power generation sector and specialized insulation for subsea oil production. In addition to insulation products, Aspen Aerogels engages in contract research and development, collaborating with U.S. government agencies such as the Department of Defense and the Department of Energy. Founded in 2001 and headquartered in Northborough, Massachusetts, Aspen Aerogels is recognized for its high-performance insulation that significantly outperforms traditional materials in thermal management and energy conservation.

FRX Innovations

Series B in 2012
FRX Innovations Inc. is a manufacturer of environmentally sustainable flame retardant solutions, specializing in polyphosphonates under the brand name Nofia. The company produces a range of non-halogen, transparent, high melt flowing fire-resistant plastics that cater to various industries, including electronics, automotive, electric vehicles, medical devices, textiles, building and construction, and mass transit. FRX Innovations employs sustainable green chemistry principles in its production processes, utilizing solvent-free methods and generating no waste byproducts. Headquartered in Chelmsford, Massachusetts, with a manufacturing facility located in Antwerp, Belgium, the company distributes its products internationally through a network of distributors. Established in 2006, FRX Innovations operates as a subsidiary of Triton Systems, Inc.

Renmatix

Series C in 2012
Renmatix, Inc. specializes in the conversion of plant materials, particularly nonfood biomass waste, into essential building blocks for biochemicals and biofuels. The company focuses on integrating renewable materials, such as forestry products, crop residues, and municipal waste, with advanced manufacturing technologies to create sustainable chemical and fuel solutions. Renmatix processes cellulosic sugars to produce intermediaries and facilitate the production of cellulosic ethanol and other advanced biofuels. Founded in 2003 and initially known as Sriya Innovations, the company rebranded in April 2011. Renmatix is headquartered in King of Prussia, Pennsylvania, with additional locations in Kennesaw, Georgia, and a manufacturing facility in Rome, New York.

Aspen Aerogels

Venture Round in 2010
Aspen Aerogels, Inc. specializes in the design, development, manufacturing, and sale of advanced aerogel insulation products. These products are primarily aimed at the energy infrastructure and building materials markets globally. Key offerings include Pyrogel XTE, which mitigates corrosion under insulation in energy systems, and Cryogel Z, designed for cryogenic applications. The company also provides various solutions for the power generation sector and specialized insulation for subsea oil production. In addition to insulation products, Aspen Aerogels engages in contract research and development, collaborating with U.S. government agencies such as the Department of Defense and the Department of Energy. Founded in 2001 and headquartered in Northborough, Massachusetts, Aspen Aerogels is recognized for its high-performance insulation that significantly outperforms traditional materials in thermal management and energy conservation.

Quantiam Technologies

Venture Round in 2010
Quantiam Technologies, Inc. is a manufacturing technology company based in Edmonton, Canada, specializing in the development and commercialization of advanced materials, catalysts, coatings, and surfaces designed for extreme-operating environments and energy-related applications. Founded in 1998, Quantiam produces high-performance coatings for the internal surfaces of complex geometries, such as tubulars, with significant capacity for expansion. Its product offerings cater to various industries, including aerospace, automotive, mining, and chemical processing, focusing on applications that require durability and efficiency. The company also develops catalyst systems and nanomaterials aimed at supporting the methanol-hydrogen economy, including innovations in hydrogen storage and production. In addition to manufacturing, Quantiam provides technical services in the characterization of nanomaterials and surfaces, as well as consulting and research services related to advanced materials and their performance.

Wintershall Group

Acquisition in 2008
Wintershall Holding GmbH focuses on exploration and production in oil and gas-rich regions. Wintershall is also active in the transportation of natural gas in Europe. The company has about 2,000 employees worldwide and is Germany’s largest, internationally active crude oil and natural gas producer.

Yasar BASF Automotive Coatings Company

Acquisition in 2008
Yasar BASF Automotive Coatings Company is markets automotive original equipment manufacturer and refinish coatings.

Luca Technologies

Series B in 2007
LUCA Technologies is developing long-term, biotechnology-driven solutions to rising U.S. dependence on foreign energy sources. Addressing the $150 billion domestic natural gas market, the company is leveraging the ability of naturally occurring microorganisms to convert under-utilized domestic oil, organic-rich shale and coal resources to clean, renewable energy. The company initially expects to provide consulting services to existing energy producers, helping them to evaluate their current oil, organic-rich shale and gas holdings for the presence of natural Geobioreactors or the potential for Geobioreactor stimulation.

Guilin Reecat Environment Industry Co

Acquisition in 2006
Guilin Reecat Environment Industry Co is engages in the research, development, and manufacture of catalytic converters and automobile.

Luca Technologies

Venture Round in 2006
LUCA Technologies is developing long-term, biotechnology-driven solutions to rising U.S. dependence on foreign energy sources. Addressing the $150 billion domestic natural gas market, the company is leveraging the ability of naturally occurring microorganisms to convert under-utilized domestic oil, organic-rich shale and coal resources to clean, renewable energy. The company initially expects to provide consulting services to existing energy producers, helping them to evaluate their current oil, organic-rich shale and gas holdings for the presence of natural Geobioreactors or the potential for Geobioreactor stimulation.

Rhenania Coatings - coil coating

Acquisition in 2005
Rhenania Coatings - coil coating is used to coat steel and aluminium coils employed in construction, transportation and household appliances. It is a distinct application in which the steel and aluminium substrates are coated prior to further manufacturing steps. BASF holds a leading position in this global market.

Huntsman - TDI

Acquisition in 2005
Huntsman - TDI is an important basic product in the manufacture of polyurethanes.

Catalytic Solutions

Series D in 2003
Catalytic Solutions manufactures and distributes emissions control systems and catalytic products for commercial and industrial applications. It manufactures nanostructured catalysts at its main facility in Oxnard, California. The company’s products are most commonly applied to automobile, diesel engine, and energy markets. Catalytic Solutions has manufacturing facilities in Oxnard, California; Reno, Nevada; Thornhill, Canada; and Malmo, Sweden. Catalytic Solutions, Inc. operates as a subsidiary of Clean Diesel Technologies Inc.

Hydro Coatings Group

Acquisition in 2000
Hydro Coatings Group is the worldwide coatings business, operates manufacturing sites in Deeside, U.K.; Milan, Italy; Bangalor, India.
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