(Bloomberg) -- German chemicals maker BASF SE has abandoned plans to invest in lithium mining assets in Chile as a slowdown in electric-vehicle adoption worldwide drags down battery metal prices. Most Read from BloombergBiden Struggles to Contain Mounting Pressure to Drop Out of RaceHouse Democrats Consider Demanding Biden Withdraw From RaceChina Can End Russia’s War in Ukraine With One Phone Call, Finland SaysKamala Harris Is Having a Surprise Resurgence as Biden’s Campaign UnravelsUS Allies Sa
Vattenfall, BASF (BASFY) and Vestas intend to swiftly expand wind projects and decarbonize the European energy market.
Per the deal, Enerflex's engineering, manufacturing and integration experience in gas processing and compression systems will be combined with BASF's (BASFY) OASE blue technology for CO2 capture.