BASF says it plans to accelerate its bid to reduce its CO2 emissions by 25% by 2030 compared with 2018 and become climate neutral by 2050.
It has established an organization within the company to focus on ‘implementing and accelerating projects relating to low-CO2 production technologies, circular economy and renewable energies,’ a press release said.
The Net Zero Accelerator unit will be led by Dr Lars Kissau as president, reporting directly to the chairman of the board of executive directors, with the aim of implementing new projects over the next few years.
These projects include ChemCycling or CO2-free technologies such as methane pyrolysis, and investing in renewable energy. BASF has made a contract with Vattenfall to acquire a 49.5% stake in the Hollandse Kust Zuid wind farm with a total capacity of 1.5 gigawatts, and a 25-year electricity supply contract to purchase 186 megawatts of capacity from Ørsted’s planned Borkum Riffgrund 3 offshore wind farm in the German North Sea.
The new project organization, based in Ludwigshafen, Germany, will begin in January 2022, initially with around 80 employees.
This story uses material from BASF
, with editorial changes made by Materials Today.