24-11-2021
BASF is accelerating the implementation of its CO2 reduction targets
With a new project organisation, BASF is bundling and accelerating its extensive cross-company activities to reduce its CO2 emissions by 25 percent by 2030 compared with 2018 and become climate neutral by 2050. The unit, called “Net Zero Accelerator”, focuses on implementing and accelerating projects relating to low-CO2 production technologies, circular economy and renewable energies. “With the new project organisation, we are continuing to accelerate and create more powerful structures within BASF to achieve our ambitious goals,” said Dr. Martin Brudermüller, Chairman of the Board of Executive Directors of BASF SE. “This further step demonstrates the determination to drive forward our transformation to a climate-neutral company.”
The Net Zero Accelerator unit will be led by Dr. Lars Kissau (48) as President, reporting directly to the Chairman of the Board of Executive Directors. Under Kissau’s leadership, existing and new projects to achieve the CO2 reduction targets will be launched and driven forward at corporate level worldwide in the future. The aim is to move the projects into the implementation phase over the next few years. By pooling expertise around renewable energies, alternative raw materials and CO2 reduction technologies, BASF will increase the speed of implementation and achieve scaling effects more quickly, thus making an important contribution to climate protection. In parallel, the operating divisions will continue to work on divisional projects to implement BASF’s ambitious CO2 reduction targets.
Ongoing cross-company projects managed by the new unit include BASF’s activities in the field of circular economy such as ChemCyclingTM or CO2-free technologies such as methane pyrolysis. Renewable energies are another field of activity. BASF has initiated various projects in this area and signed specific agreements in recent months. Examples include a contract with Vattenfall to acquire a 49.5 percent 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 organisation, based in Ludwigshafen, Germany, will start on January 1, 2022, initially with around 80 employees.
News Category:
-
Beyond processbook & PI vision: Exploring today’s industrial analytics tools
(Webinar) - In the Manufacturing 4.0 era, industrial organizations have more data at their fingertips than ever, offering the promise of higher production rates, more ...
04-06-2024
-
EMA and JERA to cooperate on LNG procurement and supply chains
The Energy Market Authority and JERA Co Inc, have signed a Memorandum of Understanding to cooperate on mutually beneficial areas in liquefied natural gas procurement ...
16-04-2024
-
Hexagon and Dragos unveil technical partnership to strengthen industrial cybersecurity
Hexagon’s Asset Lifecycle Intelligence division today announced a strategic partnership with Dragos, a global leader in cybersecurity for operational technology (OT). ...
16-04-2024
-
Radix partners with Cleopatra Enterprise to enhance project controls and turnaround management
Radix, a global technology solutions company, announced the signing of a partnership agreement with Cleopatra Enterprise, a leading project cost management software company. ...
16-04-2024
-
Rhône Energies in talks to buy Fos-sur-Mer refinery
Rhône Energies, a consortium of Entara LLC and Trafigura Pte Ltd, has entered into exclusive negotiations to acquire the Fos-sur-Mer refinery and the Toulouse and Villette ...
14-04-2024
-
Cenovus Energy to invest in Toledo and Lima refineries
Canada's Cenovus Energy said it will spend more than $1.5 billion on its 160,000 b/d Toledo and 185,000 b/d Lima refineries in Ohio over the next five years and expand ...
11-04-2024
-
Kent plays integral role in Fawley petrochemical complex
Kent, a leading global engineering and project management company, is proud to announce its significant involvement in ExxonMobil's £800m investment in its Fawley Petrochemical ...
11-04-2024
-
Black & Veatch to proceed for FLNG project in Canada
Black & Veatch’s proven PRICO® liquefaction technology solidifies preferred status in the FLNG market. Global liquefied natural gas (LNG) infrastructure solutions ...
11-04-2024
-
Borealis invests in Porvoo steam cracker
Borealis announces a EUR 4.5 million investment in the cracker furnaces of its olefins unit in Porvoo, Finland. This investment ensures that the Porvoo steam cracker, ...
09-04-2024
-
Yokogawa upgrades the CENTUM VP Integrated Production Control System
Yokogawa Electric Corporation (TOKYO: 6841) announces the May 31, 2024 release of CENTUM™ VP R6.11.10, an enhanced version of the CENTUM VP integrated production control ...
09-04-2024