No coin nor oath required. For personal study only.
volumes 16%, prices 23%, portfolio 0%, currencies 2%). Although the group increased sales of refinery catalysts, sales volumes of chemical and automotive catalysts were significantly lower than in 2008. A higher volume of business in emerging markets, particularly in Asia Pacific, could not offset the sharp decline in N America and Europe. As a result of significantly lower precious metals prices and reduced trading volumes, sales in BASF's precious and base metal services unit dropped 50% to โฌ1.229 bn. Despite a reduction in fixed costs, income from operations was considerably lower than in 2008 due to the extraordinarily weak market environment, especially in 1H 2009. Higher earnings in BASF's refinery catalysts business could not compensate for lower earnings in other businesses.
๐ SIMILAR VOLUMES
Late in 2003 or early 2004, the II-II balanceof-plant and a commercially ready Mosaic Energy stack technology will be returned to the US, allowing for immediate US manufacture and market entry. In the interim, IHI may provide late-stage prototypes for US demonstrations. Mosaic Energy has just shippe
## Biocatalysis -transformations in the making An extensive review of the biocatalysis (speciality enzyme) market. In 2000, the merchant enzymes industry had sales of about $1.8 bn (growing at about 14%/y) and industrial enzymes sales were about $1.5 bn, of which enzymes for fine chemical/pharmace