Our Carbon Management
In recent decades, BASF has already achieved a considerable reduction in CO2 emissions by optimizing energy generation and production processes as well as systematically reducing emissions of nitrous oxide. We continue these efforts and we are also gradually replacing fossil fuels with renewable energy sources in our electricity purchasing. Moreover, to cut our greenhouse gas emissions dramatically, BASF researchers are intensively working on fundamentally new low-CO2 emitting production processes.
We are optimistic that these processes can be implemented from 2030 onward. Our primary goal here: We want to prevent CO2 emissions from occurring at all. Further options, such as the use of biomass, CO2 or waste as a raw material for chemical production will also increasingly play a role. However, the potential of sustainably available biomass is finite.
For now, there are limits to the uses of CO2, owing to the large amount of energy required.
The framework conditions will also be decisive for the successful implementation of new climate-friendly production processes. New technologies require very large volumes of renewable energy at competitive prices. Sectors like the chemical industry, which compete in an international market, cannot pass on the additional costs caused by low-CO2 technologies to their customers. Therefore, globally comparable carbon pricing – or at least at the G20 level – is the best solution to ensure competitiveness.
We take it very seriously. We are already seeing the consequences of climate change today. It is our responsibility as a company to make our contribution in this area.“
Basic chemicals such as hydrogen and methanol are responsible for around 70 percent of greenhouse gas emissions in the entire chemical industry – but they are also the indispensable starting point for all the innovative products that enable our customers to protect the climate and that make our everyday lives easier. That is why our research focuses on basic chemicals.
We still have a long way to go. But we are optimistic that technologies such as methane pyrolysis or the electrification of the steam cracker will enable a transformation to low-CO2 chemical production.“