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BASF reports increased sales but lower earnings for 2022

Net income of BASF Group is expected to amount to –€1,376 million in 2022. This is considerably below the prior-year figure (2021: €5,523 million) and the average analyst estimates for 2022 (Vara: €4,768 million). Net income contains non-cash-effective impairments on the shareholding in Wintershall Dea AG in the amount of about €7.3 billion, of which €5.4 billion in Q4 2022

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Yokohama Rubber included in Global ESG stock index FTSE4Good index

The Yokohama Rubber Co., Ltd., announced that its stock has again been selected for inclusion in two stock indexes focused on companies with strong ESG practices—the FTSE4Good Index Series and the FTSE Blossom Japan Index. Yokohama’s inclusion in the global FTSE4Good Index Series for a 18th consecutive year reconfirms that the company’s ESG activities and disclosure practices meet the highest global standards. The company was selected to the FTSE Blossom Japan Index for the sixth straight year.

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Braskem announces project to evaluate production of bio-based polypropylene

Braskem announced a project to evaluate an investment in producing carbon negative bio-based polypropylene (PP) in the U.S. The project would utilize Braskem’s proven, proprietary technology to convert bioethanol into physically segregated bio-based polypropylene. Braskem is exploring partnership opportunities for this project with several clients, brand owners, and suppliers.

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