BASF concludes electricity agreements for the supply of clean energy to

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  • BASF enables renewable energy projects by signing VPPAs totaling 250 MW
  • The energy supply of more than 20 manufacturing sites will be compensated by solar and wind energy
  • The share of renewable energy will increase to more than 25% of BASF’s total electricity consumption in North America

FLORHAM PARK, NJ, Aug. 03, 2022 (GLOBE NEWSWIRE) — BASF is committed to providing renewable energy solutions to power its sites across the United States and has entered into Virtual Power Purchase Agreements (VPPAs ) for wind and solar energy totaling 250 megawatts (MW). They are designed to offset carbon-intensive grid-supplied electricity used at more than 20 BASF manufacturing sites in states across the country, from Texas to Michigan.

“Renewable energy is an essential tool in achieving BASF’s ambitious goal of net zero emissions by 2050,” said Michael Heinz, Board Member of BASF SE and Chairman and CEO of BASF Corporation. “We are committed to further improving our energy footprint in the region and look forward to leading the energy transition for chemical manufacturing in North America. »

The combined agreements for the production of 250 MW of renewable energy generation capacity will result in the purchase of more than 660,000 megawatt hours (MWh) of electricity per year, equivalent to the electricity consumed by more than 90,000 average American households. According to EPA estimates, VPPAs will offset more than 472,500 metric tons of CO2 annual emissions. With these agreements in place, the share of renewable energy in BASF’s total electricity consumption in North America will increase to more than 25%.

“These agreements help us achieve our clean energy goals in areas where the local electric utility does not provide enough renewable energy,” said Tobias Dratt, president of BASF North America. “At the same time, our financial commitment enables the realization of large solar and wind projects and adds clean energy to the grid.”

To achieve its ambitious emissions targets, BASF works with a variety of partners who are driving sustainable change in the energy sector. The chemical company will buy 100 MW of electricity produced by Dawn Solar. An additional 150 MW of renewable energy capacity will be added through transactions with EDF Energy Services.

Last year, a collaboration with EDF Energy Services added 35 MW of wind capacity to the energy mix of BASF’s manufacturing sites in Freeport and Pasadena, Texas. In another joint venture with EDF Renewables, BASF’s Toms River property has become the largest solar project in New Jersey and the largest solar project built on a Superfund site in the United States.

BASF aims to reduce its greenhouse gas emissions by 25% compared to 2018 by 2030 and to achieve net zero emissions by 2050. An important lever to reduce emissions is to replace electricity from the source fossil fuel with fossil-free electricity. BASF aims to secure the required amounts of renewable energy it needs through a “make and buy” approach.

About BASF

BASF Corporation, headquartered in Florham Park, New Jersey, is the North American subsidiary of BASF SE, Ludwigshafen, Germany. BASF has more than 16,700 employees in North America and had sales of $25.9 billion in 2021. For more information about BASF’s North American operations, visit www.basf.com/ us.

At BASF, we create chemistry for a sustainable future. We combine economic success with environmental protection and social responsibility. Around 111,000 employees of the BASF Group contribute to the success of our customers in almost every industry and almost every country in the world. Our portfolio comprises six segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition and Care, and Agricultural Solutions. BASF achieved sales of 78.6 billion euros in 2021. BASF shares are traded on the Frankfurt Stock Exchange (BAS) and as American Depositary Receipts (BASFY) in the United States. More information at www.basf.com.

Media Relations Contact
Molly Burmese
Phone: 201-602-8253
molly.birman@basf.com

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