World’s largest chemicals maker BASF presents low-carbon strategy

Germany’s BASF plans to become a green pioneer of the chemicals industry, reports the Frankfurter Allgemeine Zeitung. CEO Martin Brudermüller said in a press release the world’s largest chemicals maker will switch the energy supply for core parts of production from gas to renewable electricity. BASF says it wants to become the sector’s first company to decouple production growth from emissions. But Brudermüller said this strategy was not lucrative at today’s prices and called for tax rebates for low-carbon investments. “The issue of sustainability will probably be the most important driver for future innovations,” Brudermüller said, according to a Handelsblatt report. “An increasing number of clients approach us with innovation topics that are related to sustainability.”