Capital Expenditures (Capex)
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 €4.6 billion for the BASF Group in 2022. For the period from 2022 to 2026, we have planned capital expenditures totaling €25.6 billion, including €12.9 billion for our major growth projects. The investment volume in the next five years will thus be above that of the planning period 2021 to 2025 (€22.9 billion). Focus areas will be our investment project in Zhanjiang, China, to expand our businesses in Asia, as well as investments in battery materials.
Projects currently being planned or underway include:
Location |
Project |
---|---|
Antwerp, Belgium |
Capacity expansion: integrated ethylene oxide complex |
Chalampé, France |
Construction: production plant for hexamethylenediamine |
Geismar, Louisiana |
Capacity expansion: MDI plant |
Harjavalta, Finland, and Schwarzheide, Germany |
Investment: battery materials |
Zhanjiang, China |
Planned construction: integrated Verbund site |