BASF SE, abbreviated BASF, is a German chemical enterprise and one of the largest chemical plants in the world. BASF Group has more than 160 wholly-owned subsidiaries or joint ventures in 41 countries in Europe, Asia, North and South America. The company is headquartered in Ludwigshafen on the Rhine River, which is the largest chemical product base in the world. On July 19, 2018, the Fortune Global 500 list was released, and BASF ranked 112th. In December of the same year, the 2018 World Top 500 Brands compiled by the World Brand Lab was announced, and BASF ranked 231. In July 2019, BASF ranked 115th on the Fortune Global 500 list.