增加可再生能源的使用

• Accelerated supply of renewable electricity to its Zhanjiang Verbund site

• BASF's first power storage station in China went into operation  

In 2022, BASF reaffirmed its ambitious climate targets that by 2030, the company’s greenhouse gas emissions will be reduced by 25% compared to 2018, and BASF aimed to achieve net zero emissions globally by 2050. Increasing the use of renewable energy is one of the key levers to achieve BASF’s net zero emissions targets. 

BASF aims to power the entire Zhanjiang Verbund site with 100% renewable electricity by 2025. The company is partnering with various energy suppliers to purchase the renewable electricity for the next phases of its Zhanjiang Verbund site. Under the renewable energy trading rules in Guangdong, BASF signed a 25-year framework agreement with State Power Investment Corporation in March and concluded a term sheet with Brookfield in May for a 25-year fixed-price renewable electricity supply agreement to purchase the solar and wind power. The latter was an unprecedented long-term fixed-price deal for the trading of renewable electricity in China. Brookfield will develop and build dedicated new solar and wind farms as well as possible storage solutions to support the renewable energy demands of BASF Zhanjiang Verbund site.  

BASF's first power storage station in China went into operation at its Shanghai Pudong Innovation Park (Pudong site), where BASF Greater China headquarters are situated in December. Co-established by BASF and China Three Gorges Corporation, this power storage station employs the world-leading lithium iron phosphate energy storage technology with a total capacity of 12MWh of renewable energy electricity per cycle, guaranteeing the continuous supply of green electricity for its Pudong site.