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We want to generate organic growth exceeding market growth levels - BASF

02 Feb '09
4 min read

In the Energy Management Growth Cluster, BASF researchers are working on, among other things, organic semiconductor materials intended to bring about the breakthrough for a new generation of solar cells. With cost effective and flexible solar cells, the technology partners want to further expand the use of solar energy in future.

Out of the Growth Cluster into the market:
The successful path from the invention to the innovation – in other words from BASF's Growth Clusters to the market – can be illustrated using fuel cell research as an example. In the last two years, BASF Fuel Cell (BFC), which was founded as recently as 2007, has become the only commercial supplier of ready-for-production high-temperature membrane electrode units (MEAs).

With these MEAs, polymer membrane fuel cells can be made more economical and reliable. BFC is now investing up to €10 million in a new production plant for high-temperature MEAs in Somerset, New Jersey. The aim is to meet the greatly increasing demand from customers. The new production facility is also creating jobs.

BFC will be increasing its worldwide workforce by almost one-third to 100. To ensure optimal linkage to BASF's business processes, BFC was transferred from the research area of the Growth Cluster Energy Management and integrated into the Inorganic division when the MEAs were ready for market launch at the beginning of January 2009.

About BASF:
BASF is the world's leading chemical company: The Chemical Company. Its portfolio ranges from oil and gas to chemicals, plastics, performance products, agricultural products and fine chemicals.

As a reliable partner BASF helps its customers in virtually all industries to be more successful. With its high-value products and intelligent solutions, BASF plays an important role in finding answers to global challenges such as climate protection, energy efficiency, nutrition and mobility.

BASF has more than 95,000 employees and posted sales of almost €58 billion in 2007. BASF shares are traded on the stock exchanges in Frankfurt (BAS), London (BFA) and Zurich (AN).

BASF

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