Capital Expenditures Capex of around €3.6 billion planned for 2021 We are planning capital expenditures (additions to property, plant and equipment excluding acquisitions, IT investments, restoration obligations and right-of-use assets arising from leases) of around €3.6 billion for the BASF Group in 2021. For the period from 2021 to 2025, we have planned capital expenditures totaling €22.9 billion. The investment volume in the next five years will thus be below that of the planning period 2020 to 2024 (€23.6 billion). A focus area is our investment project in Zhanjiang, China, to expand our businesses in Asia. Projects currently being planned or underway include: Capex: selected projects Location Project Antwerp, Belgium Capacity expansion: integrated ethylene oxide complexGradual capacity expansion: alkoxylates Geismar, Louisiana Capacity expansion: MDI plant Harjavalta, Finland, and Schwarzheide, Germany Investment: battery materials Ludwigshafen, Germany Construction: production plant for vitamin A Zhanjiang, China Planned construction: integrated Verbund site Capex by segment 2021–2025 Capex by region 2021–2025 back next