Market News
Recent Developments
New product launches
- BASF Launches Evolve50: In 2020, BASF launched Evolve 50, a new biodiesel catalyst that offers improved performance and flexibility in various feedstock types. It is designed to provide high activity and stability, enabling efficient and sustainable biodiesel production.
- Neste Launches NExBTL™ Catalyst: Neste, a leading producer of renewable diesel and sustainable aviation fuel, has been continuously improving its NExBTL™ While not a recent launch, their proprietary catalyst system has demonstrated high efficiency and selectivity for the production of renewable diesel, which can also be used as a biodiesel blend component.
Acquisition and partnerships
- In June 2022, BASF announced the acquisition of Clariant's entire catalysts business to strengthen its position in the catalyst market
- In 2021, Evonik and Siemens Energy announced a partnership to develop a process for producing biodiesel from carbon dioxide and renewable electricity