Business | Schumpeter

BASF’s plan to wean itself off cheap Russian gas comes with pitfalls

The German chemicals giant is turning towards China

There is no better place to experience German efficiency than at Ludwigshafen, a site operated by basf, the world’s largest chemicals company, an hour’s drive south of Frankfurt. Everything is joined together in this city-sized cluster of dozens of plants connected by 2,850km of twisting pipes, from two steam crackers, industrial cathedrals where a hydrocarbon mixture called naphtha is split into its components, to an immense incineration facility, where residues are put to rest. Despite the vast scale of Ludwigshafen everything is accounted for. Reuse and recycling ensure that barely a molecule is wasted. According to basf’s proud tour guide, 94% of the chemicals that enter this system make it into one of the firm’s 45,000 products.

This article appeared in the Business section of the print edition under the headline “Chemical hazard warning”

China’s slowdown

From the May 28th 2022 edition

Discover stories from this section and more in the list of contents

Explore the edition

More from Business

A simple robot face with rolls of cash as eyes. The robot has a smiling mouth and a small antenna on top. The design is minimal, with black outlines on a light background.

OpenAI’s latest model will change the economics of software

The more reasoning it does, the more computer power it uses

Protesters in favour of TikTok stand outside the United States Capitol.

TikTok’s time is up. Can Donald Trump save it?

The imperilled app hopes for help from an old foe


A tattooed man punches a large head, with motion lines and stars showing impact. He wears orange shorts.

The UFC, Dana White and the rise of bloodsport entertainment

There is more to the mixed-martial-arts impresario than his friendship with Donald Trump


Will Elon Musk scrap his plan to invest in a gigafactory in Mexico?

Donald Trump’s return to the White House may have changed Tesla’s plans

The year ahead: a message from the CEO

From the desk of Stew Pidd