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 €6.3 billion for the BASF Group in 2023. For the period from 2023 to 2027, we have planned capital expenditures totaling €28.8 billion, including €13.6 billion for our major growth projects – the new Verbund site in Zhanjiang, China, and the expansion of the battery materials business. The investment volume in the next five years will thus be above that of the planning period 2022 to 2026 (€25.6 billion).
Projects currently being planned or underway include:
Location |
Project |
|---|---|
Chalampé, France |
Construction of a production plant for hexamethylenediamine |
Geismar, Louisiana |
Capacity expansion at MDI plant |
Ludwigshafen, Germany |
Modernization of chloroformates and acid chlorides production |
Schwarzheide, Germany |
Construction of a production plant for battery materials |
Zhanjiang, China |
Construction of an integrated Verbund site |
Capex by segment 2023–2027
Capex by region 2023–2027
