.jpg "24 May 2023 - 13:45:43: HKZ Offshore Windpark visit
Photo credit: Jorrit Lousberg/Light at Work Photography")
BASF Renewable Energy GmbH
Energy for BASF: Reliable, Competitive, and Climate-Neutral
About us
BASF Renewable Energy GmbH is responsible for the procurement and trading of key energy sources for BASF – including electricity, gas, steam, and the trading of CO₂ certificates. We ensure that the energy needs of BASF sites are reliably met at competitive prices – and that future energy supply is consistently aligned with the goal of climate neutrality. In doing so, we are expanding our own generation capacities together with partners from the energy sector and entering into long-term supply agreements for electricity, gas, and steam.
A strategic and cost-effective energy supply is essential to BASF’s global competitiveness—and a key driver on our path to climate neutrality.
The energy concept at BASF
BASF Renewable Energy GmbH not only ensures the cross-site supply of essential energy sources, but also takes responsibility for the centralized distribution, balancing, and optimization of BASF’s energy supply. In doing so, BASF Renewable Energy GmbH has access to the most important energy markets in all regions of the world.
BASF climate goals
BASF aims to achieve net-zero CO₂ emissions by 2050 – an ambitious goal. By 2030, we plan to reduce our CO₂ emissions by 25 percent compared to 2018. This means our demand for renewable energy will increase significantly in the coming years. To reliably supply our European sites with energy, we will need a steadily growing share of electricity from renewable sources – and, during the transition, continued access to natural gas with a reduced carbon footprint. To meet this demand, BASF relies on a diversified procurement portfolio for all energy carriers. Further details on our emissions targets were shared during the Capital Markets Day.
