BASF Report 2023

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 €6.2 billion for the BASF Group in 2024, including €3.3 billion for our growth projects, in particular the construction of the new Verbund site in China. For the period from 2024 to 2027, we are planning capital expenditures totaling €19.5 billion, including €6.8 billion for our growth projects – the new Verbund site in China, and the expansion of the battery materials business. The investment volume in the next four years will thus be considerably below that of the planning period 2023 to 2026 (€24.5 billion).

Projects currently being planned or underway include:

Capex: selected projects



Chalampé, France

Construction of a world-scale-production plant for hexamethylenediamine

Geismar, Louisiana

Capacity expansion at MDI plants

Ludwigshafen, Germany

Modernization of chloroformates and acid chlorides plant

Zhanjiang, China

Construction of an integrated Verbund site

Capex by segment 2024–2027

Capex by segment 2024–2027 (pie chart)

Capex by region 2024–2027

Capex by region 2024–2027 (pie chart)

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