BASF, Linde, Sabic Seek Government Money for Greener Electric Furnace
By Dieter Holger
BASF SE, Linde PLC and Saudi Basic Industries Corp. applied for
grants from the European Union and Germany to launch an electric
furnace that can emit far less carbon dioxide than current furnaces
that rely on fossil fuels.
The German chemicals maker said Wednesday that the companies
signed a joint agreement to develop and demonstrate electrically
heated steam-cracker furnaces, which provide heat to breakdown
hydrocarbons to create chemicals. If the furnaces use electricity
from renewable power, they could cut up to 90% of emissions.
A demonstration plant could start at BASF's Ludwigshafen site as
early as 2023.
"This technology leap will be a milestone on the path to a
low-emission chemical industry," said Martin Brudermueller, BASF's
chairman of the executive board.
Write to Dieter Holger at firstname.lastname@example.org;
(END) Dow Jones Newswires
March 24, 2021 11:06 ET (15:06 GMT)
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