BASF to Invest Up to EUR4 Billion by 2030 in Climate Goals
By Cecilia Butini
BASF SE said Friday that it plans to invest up to 4 billion
euros ($4.71 billion) by 2030 on its path to achieve net zero
emissions by 2050.
The German chemicals company said the plan is to invest up to
EUR1 billion by 2025 and a further EUR2 billion-EUR3 billion by
It added that the transition to net zero CO2 emissions will be
supported by the use of new technologies such as steam crackers,
which are meant to replace fossil fuels like natural gas with
electricity from renewable sources. The company is also planning to
invest in wind parks to facilitate its switch to renewable sources,
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(END) Dow Jones Newswires
March 26, 2021 06:35 ET (10:35 GMT)
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