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BASF Releases Net-Zero Carbon Emissions Goals

Thursday, April 8, 2021

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Chemical company BASF recently announced a slew of intended milestones for what it’s calling a “roadmap to climate neutrality.” The company targets a net-zero carbon emissions goal by 2050.

In addition, based on the most recent progress in developing low-emission and CO2-free technologies, the company is also significantly raising its medium-term 2030 target for reductions in greenhouse gas emissions, and now wants to reduce its greenhouse gas emissions worldwide by 25% compared with 2018.

In 2018, BASF Group’s worldwide emissions amounted to 21.9 million metric tons of CO2 equivalents. In 1990, this figure was roughly twice as high. The new 2030 emissions goal represents a reduction of approximately 60% compared to 1990 levels, which exceeds the European Union’s target of minus 55%.

BASF

Chemical company BASF recently announced a slew of intended milestones for what it’s calling a “roadmap to climate neutrality.” The company targets a net-zero carbon emissions goal by 2050.

These goals mean cutting CO2 emissions in half in the current business by the end of this decade. Overall, BASF says it plans to invest up to 1 billion euros by 2025 to reach its new climate target and a further 2-3 billion euros by 2030.

“The new climate goals underscore our determination and BASF’s commitment to the Paris Climate Agreement. Climate change is the greatest challenge of the 21st century. In response, we must adapt our processes and our product portfolio. We need to accelerate this transformation now,” said Martin Brudermüller, Chairman of the Board of Executive Directors of BASF SE.

“We must first concentrate on the initial steps of this journey, not the final ones. That is why BASF will increase its use of renewable energies. And we will accelerate the development and deployment of new CO2-free processes for the production of chemicals. With transparency and offerings to systematically and incrementally reduce the carbon footprint of BASF products throughout the entire value chain, we help our customers in all industries to reduce the carbon footprint of their own products.”

To achieve these goals, BASF set out a plan, which includes:

  • the use of new technologies, which will replace fossil fuels such as natural gas with electricity from renewable sources;
  • planned investments in a number of specific flagship projects in renewable energies; and
  • trying to secure funding from European and national programs in order to remain competitive while replacing its already-efficient production processes.

“We are convinced that ultimately all players involved will work together to make this once-in-a-century transformation economically successful. This also includes consumers accepting higher prices for CO2-free products throughout the value chain to offset higher operating costs and additional investments. To achieve this, we need new cooperation between industry and policymakers that leads to positive, outcome-oriented regulations and preserves our international competitiveness,” said Brudermüller.

Other Companies’ Progress

Last month, AkzoNobel also released what it called “the first in a series of ambitions” that are looking at the company’s fresh focus on achieving zero waste and cutting carbon emissions in half by 2030.

The two key ambitions and their related targets are the first in a wave of measures and focus on the “planet” element of the company’s new “People. Planet. Paint.” approach to sustainability, the company says.

Targets for 2030 include:

  • 30% reduction in energy use;
  • 100% renewable electricity;
  • Reduce carbon emissions by 50%;
  • 100% water reuse at the company’s most water intensive sites; and
  • Zero non-reusable waste.

The company is currently on track to have zero waste to landfill by the end of 2020, while renewable electricity is already in use at 33 locations and eight countries. Solar panels have also been installed at 14 locations, and the company has reduced its waste by 40% in the last eight years, while total VOC emissions fell by 24% in 2019.

   

Tagged categories: Asia Pacific; BASF; Business matters; Carbon footprint; EMEA (Europe, Middle East and Africa); Emissions; Good Technical Practice; Latin America; Net Zero Energy ; North America; Z-Continents

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