By Olivia Bugault

 

Germany's Siemens Energy AG and chemical company BASF SE said Tuesday that they have signed a memorandum of understanding on the implementation of low-carbon technologies.

BASF aims to lower carbon-dixoide emissions in chemical production and several pilots projects are under discussion at its Ludwigshafen site in Germany.

"Possible pilot projects include the construction of a proton exchange membrane electrolyzer for hydrogen production with an output of 50 megawatts," the companies said.

The companies are also looking at the possible modernization of BASF's power grid at the Ludwigshafen site with Siemens Energy products.

 

Write to Olivia Bugault at olivia.bugault@wsj.com

 

(END) Dow Jones Newswires

February 09, 2021 05:38 ET (10:38 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.
BASF (XE:BAS)
Historical Stock Chart
From Nov 2021 to Dec 2021 Click Here for more BASF Charts.
BASF (XE:BAS)
Historical Stock Chart
From Dec 2020 to Dec 2021 Click Here for more BASF Charts.