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Chemical and materials company BASF and renewable energy-focused power provider RWE announced today a new collaboration aimed at developing new technologies for climate protection in industrial production.
The companies presented a project idea aiming to electrify the production processes for basic chemicals, which are currently based on fossil fuels. The project envisions an additional offshore wind farm with a capacity of 2 gigawatts (GW) to provide BASF’s Ludwigshafen chemical site with green electricity and enable CO2-free production of hydrogen.
Steam crackers play a central role in the production of basic chemicals and require a significant amount of energy to break down hydrocarbons into olefins and aromatics, with reactions conducted at temperatures of approximately 850 degrees Celsius. BASF recently announced an agreement with chemical company SABIC and industrial gases company Linde to develop and demonstrate solutions for electrically heated steam cracker furnaces, in a bid to significantly reduce CO2 emissions within the chemical industry. To advance the joint project, the CEOs of BASF and RWE have signed a letter of intent covering a wide-ranging cooperation for the creation of additional capacities for renewable electricity and the use of innovative technologies for climate protection.