Basf reaffirmed its ambitious climate protection goals and measures to reduce the carbon footprint of its products

Basf recently reaffirmed its ambitious climate protection goals after its first statement a year ago. In an update to its climate neutrality roadmap shared with investors and financial analysts, BASF confirmed a 25% reduction in greenhouse gas emissions by 2030 compared to 2018, and a goal of achieving global net zero emissions by 2050. As part of its plan to reduce global carbon emissions to 16.4m tonnes by 2030, BASF is publishing an annual co2 emissions forecast with a margin of error of around 500,000 tonnes.


"Europe is facing a brutal war with profound human and economic consequences," said Dr. Martin Brudermuller, chairman of the executive board of BASF Europe. But at the same time, we must not lose sight of the greatest global challenge of our time: climate change. Basf is currently engaged in a number of projects to further significantly reduce co2 emissions and meet our ambitious climate goals. Working with raw material suppliers, we are also taking steps to reduce the carbon emissions associated with our products. In this way, we are driving the transition and supporting customers to reduce carbon emissions in their product portfolio."


Renewable energy as the main driver of emissions reduction


Despite the big increase in production in 2021, BASF's carbon dioxide emissions are about 3% lower than in 2020, largely because of increased use of renewable energy. The use of renewable power will be the main driver of BASF's efforts to reduce emissions until 2025. In 2021, renewables will account for 16% of BASF's global electricity demand. The company expects 100 percent of its global electricity demand in 2021 to come from renewable sources by 2030.


To meet its demand for renewable energy, BASF is making home-and-purchase decisions, including investing in its own renewable energy assets and buying renewable power from third parties. Basf acquired a stake in Vattenfall's HollandseKust Zuid (HKZ) wind farm in 2021. Once fully operational, it will be the largest offshore wind farm in the world, with a total installed capacity of 1.5 gw. The project is expected to be fully operational by 2023. In addition, BASF has signed a 25-year European Renewable Energy Purchase Agreement (PPA) with ENGIE and ø Rsted to supply a significant amount of renewable energy from wind and solar in Europe. In the United States, BASF has signed long-term wind and solar supply contracts for its Freeport and Pasadena production sites. In China, BASF has signed agreements with suppliers to procure renewable power for its new integrated base in Zhanjiang, Guangdong province.


In an updated statement with investors, BASF outlined the initiatives it is implementing in various locations to meet its corporate climate goals. These measures depend to a large extent on the specific local conditions of each base.


Ludwigshafen: Development of new technologies and implementation of new steam supply concepts


Currently, about 50 percent of the ludwigshafen site's steam demand comes from the steam production process, which emits large amounts of carbon dioxide, and a new method uses electricity to produce steam. Basf is working with Siemens Energy on its first project at a polyethylene plant, using heat pumps and water steam recompression to lift waste heat to generate steam power to supply the steam network throughout the site. The integration of the heat pump project not only produces about 60 tons of steam per hour, but also avoids about 160,000 tons of carbon dioxide emissions per year and reduces cooling water consumption by more than 20 million cubic meters. The technology is scheduled to be deployed in the second quarter of 2024, and day-to-day operational experience will be gained through the project to simplify future roll-out at other sites.


Another project under way at the Ludwigshafen site is the development of an electrically heated steam cracking furnace. Currently, cracking furnaces produce about 1 ton of carbon dioxide per ton of olefins heated by gas. Basf has signed an agreement with Saudi Basic Industries Corporation (SABIC) and Linde group to develop and test electrically heated steam cracking furnaces. The three parties are evaluating the construction of a multi-megawatt demonstration plant at the Ludwigshafen base, which could start as soon as 2023 once the necessary funding is approved. Basf is also developing zero-carbon hydrogen production from methane pyrolysis.


Antwerp: hopes to become the first integrated base to achieve net zero emissions by 2030


Basf Antwerp integrated base is the largest chemical production base in Belgium and the second largest basF integrated base in the world after Ludwigshafen.


Basf wants to reduce co2 emissions from the integrated base from 3.8 million tonnes in 2021 to nearly net zero by 2030. This could be achieved through imported renewable power from offshore wind farms, combined with the deployment of new low-emission technologies and a large-scale "Carbon Capture and Storage", or CCS, project planned for the port of Antwerp. If achieved, Antwerp will be the first petrochemical production site to achieve net zero emissions by 2030. Given the tight timeframe, these measures will face simultaneous challenges and will require political support to establish the right framework conditions.


Zhanjiang: It has been planned as a leader in sustainable development since its inception


Zhanjiang will become basF's third integrated base in the world. Zhanjiang's advanced integrated concepts and use of renewable energy have played an important role in helping it significantly reduce carbon dioxide emissions compared to its petrochemical base, which is powered by natural gas production. The key, then, is to replace fossil fuels with renewable electricity.


Basf recently signed a 25-year renewable energy Cooperation framework agreement with China State Power Investment Corporation to procure renewable energy power for the follow-up installation of its new integrated base in Zhanjiang, Guangdong province, in accordance with guangdong Province's renewable energy Trading rules. The agreement is the largest and longest renewable electricity purchase framework agreement ever signed in China. With the support of this deal and other related partnerships, BASF will further accelerate the process of renewable power supply, with the goal of providing 100 percent of the zhanjiang integrated base with renewable energy by 2025 -- earlier than originally planned. Basf will become a leader in the use of renewable energy for China's manufacturing industries.


Schwartzhead: A paradigm of energy transformation for medium-sized production bases


In February 2022, BASF Schwarzhead Ltd. formed a joint venture with enviaM to build a solar park that is expected to generate 25 GW of electricity a year, providing approximately 10% of the site's current annual electricity needs. This will be BASF's first directly involved large-scale solar power plant, providing solar power for the schwarzhead site to produce battery materials for electric vehicles from the end of 2022. At present, the base's own gas and steam turbine hybrid power station has been largely modernized. Once the plant opens in late 2022, its higher fuel efficiency will increase electricity generation by 10% and reduce CO2 emissions by 16%.


Next steps: BASF is ready to offer its first products with net zero emissions and minimal carbon footprint.


Mr Brudermuller said: "BASF is making significant progress towards meeting its emissions reduction targets. And we are ready for the next step -- sustainable growth through products that minimize our carbon footprint." Through the use of renewable energy electricity, low carbon steam, bio-based feedstock and efficient processes, BASF is able to provide customers with products with net zero emissions and minimal carbon footprint (PCF). The company expects demand for such products to outstrip supply in the medium term and its market value to exceed its higher production costs. Basf believes that end consumers will drive the shift to net zero emissions and minimum carbon footprint consumption because of their increasing demand for alternatives to traditional consumer products and their desire to personally contribute to reducing emissions. Basf therefore aims to be one of the first companies to offer a large number of products that minimize as many carbon footprints as possible.


Many BASF customers are equally keen to reduce the carbon footprint of their products in order to meet their own emissions targets. It also puts new demands on the transparency of carbon footprint calculations. To that end, BASF has developed an in-house digital solution that can calculate the carbon footprint of some 45,000 products it sells. Using this tool, BASF currently has to base its emissions from upstream Scope 3 on industrial averages and commercial databases. To improve transparency about Scope 3 emissions, BASF is working closely with suppliers to improve data on raw materials purchased from them. Basf supports suppliers by sharing knowledge in assessment and calculation methods and in this way contributes to the standardisation of carbon footprint calculations.


A structural approach to capital expenditure


Between 2021 and 2025, BASF still expects to require nearly 1 billion euros in capital expenditure to develop and roll out low-carbon technologies in pilot installations. This amount is already included in BASF's capital expenditure budget. Public funding for some projects has already been approved, while funding for others is expected to be decided soon. Capex is expected to increase to about €2bn - €3bn over a five-year period from 2026 to 2030. During this period, BASF plans to scale up the first batch of new carbon management technologies and accelerate the transition to renewable energy. Thereafter, more investment is expected to be made to build world-class production bases using new technologies and to further expand the use of renewable energy after 2030.


COMMENT

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1. Controllers of Personal Information

Polynk.com, no 91320481MA215T1W6Q, is responsible for the processing of your personal data. The following is Polynk.com’s contact information: Telephone number: +86 0519 87108958, Address: Room 504, No.85 Shangshang Road, Kunlun Street, Liyang City, Jiangsu Province, China, PR (together "Polynk.com") are data controllers of personal information collected and processed through Polynk.com Services. Details can be found here.

2. What Personal Information About Customers Does Polynk.com Collect?

We collect your personal information in order to provide and continually improve our products and services.

Here are the types of personal information we collect:

.Information you give us: The personal data we process about you are your IP address, your preferences and your activities on our webpage. The cookies collecting information about use of our website collect information in an anonymous form, including the number of visitors to the website, which country the internet connection is from, which web browser and version is used and the title on the pages they visited. If you play a video on our webpage, YouTube might save cookies on your computer depending on your settings. Please review YouTube’s Privacy policy for further information. If you do not want YouTube to save cookies on your computer, do not play any videos on our webpage since YouTube operates these videos. When you accept cookies on your computer you will provide us with your information. If you do not want cookies to be saved on the computer, you can prevent this by not accepting cookies to be saved on your computer. Please note, that if you deny functional cookies the webpage will have limited function.

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We process your personal information to operate, provide, and improve Polynk.com that we offer our customers. These purposes include:

Purchase and delivery of products and services. We use your personal information to take and handle orders, deliver products and services, process payments, and communicate with you about orders, products and services, and promotional offers. Provide, troubleshoot, and improve Polynk.com. We use your personal information to provide functionality, analyse performance, fix errors, and improve usability and effectiveness. Recommendations and personalisation. We use your personal information to recommend features, products, and services that might be of interest to you, identify your preferences, and personalise your experience with Polynk.com. Comply with legal obligations. In certain cases, we collect and use your personal information to comply with laws. For instance, we collect from sellers information regarding place of establishment and bank account information for identity verification and other purposes. Communicate with you. We use your personal information to communicate with you in relation to Polynk.com services via different channels (e.g., by phone, email, chat). Advertising. We use your personal information to display interest-based ads for features, products, and services that might be of interest to you. Fraud prevention and credit risks. We process personal information to prevent and detect fraud and abuse in order to protect the security of our customers, Polynk.com, and others. We may also use scoring methods to assess and manage credit risks. Purposes for which we seek your consent. We may also ask for your consent to process your personal information for a specific purpose that we communicate to you. When you consent to our processing your personal information for a specified purpose, you may withdraw your consent at any time and we will stop processing of your data for that purpose.

4. What About Cookies and Other Identifiers?

We use cookies and similar tools to enhance your shopping experience, provide our services, understand how customers use our services so we can make improvements, and display ads. Approved third parties also use these tools in connection with our display of ads. To enable our systems to recognise your browser or device and to provide Polynk.com Services to you, we use cookies. For more information about cookies and how we use them, please read our Cookies Notice.

5. Does Polynk.com Share Your Personal Information?

Information about our customers is an important part of our business and we are not in the business of selling our customers' personal information to others. Polynk.com shares customers' personal information only as described below and with Polynk.com. controls that are either subject to this Privacy Notice or follow practices at least as protective as those described in this Privacy Notice.

Transactions involving third parties: We make available to you services, products, applications, or skills provided by third parties for use on or through Polynk.com Services. For example, you can order products from third parties through our stores. We also offer services or sell product lines jointly with third-party businesses. You can tell when a third party is involved in your transactions and we share customer personal information related to those transactions with that third party. Third party service providers: We employ other companies and individuals to perform functions on our behalf. Examples include fulfilling orders for products or services, delivering packages, sending postal mail and e-mail, removing repetitive information from customer lists, analysing data, providing marketing assistance, providing search results and links (including paid listings and links), processing payments, transmitting content, assessing and managing credit risk, and providing customer service. These third-party service providers have access to personal information needed to perform their functions, but may not use it for other purposes. Further, they must process the personal information in accordance with this Privacy Notice and as permitted by applicable data protection laws. Business transfers: As we continue to develop our business, we might sell or buy other businesses or services. In such transactions, customer information generally is one of the transferred business assets but remains subject to the promises made in any pre-existing Privacy Notice (unless, of course, the customer consents otherwise). Also, in the unlikely event that Polynk.com. or substantially all of its assets are acquired, customer information will of course be one of the transferred assets. Protection of Polynk.com: We release account and other personal information when we believe release is appropriate to comply with the law; enforce or apply our Conditions of Use and other agreements; or protect the rights, property or safety of Polynk.com, our users or others. This includes exchanging information with other companies and organisations for fraud protection and credit risk reduction. Other than as set out above, you will receive notice when personal information about you might be shared with third parties and you will have an opportunity to choose not to share the information.

Transfers out of the European Economic Area and the UK. Whenever we transfer personal information to countries outside of the European Economic Area or the UK, we ensure that the information is transferred in accordance with this Privacy Notice and as permitted by the applicable laws on data protection. We rely on European Commission adequacy decisions or use contracts with standard safeguards published by the European Commission and similar measures under UK laws for such transfers.

6. How Secure is Information About Me?

We design our systems with your security and privacy in mind.

We work to protect the security of your personal information during transmission by using encryption protocols and software. We follow the Payment Card Industry Data Security Standard (PCI DSS) when handling credit card data. We maintain physical, electronic and procedural safeguards in connection with the collection, storage and disclosure of personal customer information. Our security procedures mean that we may ask you to verify your identity before we disclose personal information to you. Our devices offer security features to protect them against unauthorised access and loss of data. You can control these features and configure them based on your needs. It is important for you to protect against unauthorised access to your password and to your computers, devices, and applications. We recommend using a unique password for your Polynk account that is not utilized for other online accounts. Be sure to sign off when you finish using a shared computer.

7. What About Advertising?

Third-party advertisers and links to other websites: Polynk.com Services may include third-party advertising and links to other websites. Third party advertising partners may collect information about you when you interact with their content, advertising, and services. Use of third-party advertising services: We provide ad companies with information that allows them to serve you with more useful and relevant Polynk.com ads and to measure their effectiveness. We never share your name or other information that directly identifies you when we do this.

8. What Information Can I Access?

You can access your information, including your name, address, payment options, profile information, membership, and purchase history in the "My Polynk" section of the website.

9. How Long Do We Keep Your Personal Information?

Your personal data will be sorted out/erased according to the following: Functional cookies will be erased when the web browser is closed. Preference cookies will be erased after 100 days. Analytic cookies will be erased after two years.

10. What rights do I have?

Right to access to your personal data  You are entitled to request information about which personal data we process about you and how the personal data is being processed. You also have the right to request a copy of the personal data we process about you. Right to rectification If you consider your personal data that Polynk.com process to be inaccurate, e.g. information concerning your name or address, you have the right to get the inaccurate information corrected and to get the incomplete information completed by providing us with the correct information. Right to erasure You have the right to request that your personal data is erased, e.g. if the processing is no longer relevant in relation to the purpose the information was collected for or if you recall your consent to the processing and there are no other legal ground for the process. Right to limitation of processing You have the right to request limitation of the processing of your personal data, with the exception for storage. Limitation of processing can be requested for example if you object to the accuracy of the personal data or if you consider the processing of your personal data to be unlawful. Right to objection   You have the right to object at any time concerning the processing of your personal data in accordance with article 6.1 (e) or (f) (legitimate interest) GDPR, including profiling based on those provisions. Where personal data are processed for direct marketing purposes, you have the right to object at any time to processing of personal data concerning such marketing, which includes profiling to the extent that it is related to such direct marketing.  Right to data portability  You have the right to obtain the personal data you have provided us with in a structured, commonly used and machine-readable format and have these transmitted to another controller, provided that the process is automatized and that the process is based on a consent or an agreement.  

11. EU General Data Protection Regulation and UK Data Protection Laws - Legal Basis

The EU GDPR and UK data protection laws require a legal basis for our use of personal information. Our basis varies depending on the specific purpose for which we use personal information. We use:

Performance of a contract when we provide you with products or services, or communicate with you about them. This includes when we use your personal information to take and handle orders, deliver products and services, and process payments.

Our legitimate business interests and the interests of our customers when we improve Polynk.om services (including when we use your voice, video, or camera input to improve services), when we detect and prevent fraud and abuse in order to protect the security of our customers, ourselves, or others, and when we provide you with interest-based advertising.

Your consent when we ask for your consent to process your personal information for a specific purpose that we communicate to you. When you consent to our processing your personal information for a specified purpose, you may withdraw your consent at any time and we will stop processing of your data for that purpose.

Compliance with a legal obligation when we use your personal information to comply with laws. For instance, we collect seller place of establishment and bank account information for identity verification purposes.

These and other legal bases depending on the purpose for which we use personal information.

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Cookie Policy/Introduction


Why do we have a privacy policy? 

Polynk.com (“we”) care about your privacy. Therefore, we always strive to protect your personal data in the best possible way and to comply with all applicable laws and regulations for the protection of personal data. In this policy, we want to inform you about how we collect and process your personal data in accordance with the EU regulation 2016/679 (“GDPR”) to guarantee an open and transparent processing of your personal data.

Who is responsible for your personal data?

Polynk.com, no 91320481MA215T1W6Q, is responsible for the processing of your personal data. The following is Polynk.com’s contact information: Telephone number: +86 0519 87108958 Address: Room 504, No.85 Shangshang Road, Kunlun Street, Liyang City, Jiangsu Province, China, PR

What personal data do we process? 

Polynk.com process information about you when you use Polynk.com’s webpage by saving cookies on your computer. The personal data we process about you are your IP address, your preferences and your activities on our webpage. The cookies collecting information about use of our website collect information in an anonymous form, including the number of visitors to the website, which country the internet connection is from, which web browser and version is used and the title on the pages they visited. If you play a video on our webpage, YouTube might save cookies on your computer depending on your settings. Please review YouTube’s Privacy policy for further information. If you do not want YouTube to save cookies on your computer, do not play any videos on our webpage since YouTube operates these videos. When you accept cookies on your computer you will provide us with your information. If you do not want cookies to be saved on the computer, you can prevent this by not accepting cookies to be saved on your computer. Please note, that if you deny functional cookies the webpage will have limited function.

For what purpose do we process your personal data? 

We process your personal data to be able to offer a functional webpage. These functional cookies are essential for your use of the webpage’s features. We also process information about your activities on our webpage over time for non-advertising purposes such as improving the site functionality, the website experience and to improve the website. We also process your personal data to help us remember your preferences such as language or location to create a better experience when visiting the webpage. Who has access to your personal data.  As a starting point, your personal data will only be processed by Polynk.com. Our IT suppliers might get access to the personal data and other information when developing and supporting our IT system. These IT supporters only process personal data on our behalf and never on their own behalf.

On what legal ground do we process your personal data? 

The legal ground for Polynk.com’s processing of your personal data by saving cookies on your computer is Polynk.com’s legitimate interest under, under article 6.1 (f) GDPR, to process your personal data in order allow you to navigate the site, use our features and for us to remember your preferences (functional and preference cookies). Analytic cookies are processed so that we can improve the webpage’s functionality and the website experience. You can always deny these cookies if you do not want us to save these on your computer.  

For how long will we process and store your personal data? 

Your personal data will be sorted out/erased according to the following: Functional cookies will be erased when the web browser is closed. Preference cookies will be erased after 100 days. Analytic cookies will be erased after two years.  

Transfer of personal data to third countries 

As a general principle, Polynk.com only processes your personal data within the EU/EEA. If your personal data would processed outside the EU/EEA, then we will make sure that such processing is either based on a decision from the Commission establishing that the country in question ensures an adequate level of protection or appropriate safeguards that ensure that your rights are protected or based on another ground for such transfer in accordance with GDPR.

Your rights 

Right to access to your personal data 

You are entitled to request information about which personal data we process about you and how the personal data is being processed. You also have the right to request a copy of the personal data we process about you.

Right to rectification

If you consider your personal data that Polynk.com process to be inaccurate, e.g. information concerning your name or address, you have the right to get the inaccurate information corrected and to get the incomplete information completed by providing us with the correct information.

Right to erasure

You have the right to request that your personal data is erased, e.g. if the processing is no longer relevant in relation to the purpose the information was collected for or if you recall your consent to the processing and there are no other legal ground for the process.

Right to limitation of processing

You have the right to request limitation of the processing of your personal data, with the exception for storage. Limitation of processing can be requested for example if you object to the accuracy of the personal data or if you consider the processing of your personal data to be unlawful.

Right to objection  

You have the right to object at any time concerning the processing of your personal data in accordance with article 6.1 (e) or (f) (legitimate interest) GDPR, including profiling based on those provisions. Where personal data are processed for direct marketing purposes, you have the right to object at any time to processing of personal data concerning such marketing, which includes profiling to the extent that it is related to such direct marketing. 

Right to data portability 

You have the right to obtain the personal data you have provided us with in a structured, commonly used and machine-readable format and have these transmitted to another controller, provided that the process is automatized and that the process is based on a consent or an agreement.  

Changes in this policy 

Polynk.com is entitled to amend this policy at any time if it is necessary to fulfill the requirements according to applicable laws and regulations or if it is necessary due to changes in Polynk.com operations.  In such a situation, Polynk.com will provide information concerning the changes according to applicable law. Applicable information will be available in this privacy policy, on the website of Polynk.com and/or provided in other appropriate ways.

Observance of GDPR

Do not hesitate to contact Polynk.com if you, for any reason, feel unhappy about our processing of your personal data. If you would still be of the opinion that your rights, according to GDPR, have not been satisfied you have the right to send a complaint to the regulatory authority. You will find more information concerning this on www.datainspektionen.se

Our contact details 

If you would like to contact us concerning our processing of your personal data or if you have questions concerning this privacy policy, you are welcome to contact us on gfy@polynk.com. Copyright (©) 2021 Polynk.com