BASF Signs Renewable Energy Deal To Support Zhanjiang Verbund Site

:: 16 May  2022 ::

Beijing—BASF and Brookfield have finalized a term sheet for a 25-year renewable electricity supply agreement to purchase solar and wind power for the BASF Zhanjiang Verbund site in China (PCN, 15 Mar 2021, p 4).

Under the fixed-price agreement, Brookfield will develop and build dedicated solar and wind farms, as well as possible storage solutions to support the renewable energy demands of BASF’s site.

“This agreement with Brookfield is another important step in securing renewable energy for BASF’s new Verbund site in Zhanjiang,” said Haryono Lim, senior vice president, new Verbund site China and BASF, and general manager of BASF Integrated Site (Guangdong) Co. Ltd.

“BASF is dedicated to building its Zhanjiang Verbund site into a new role model of sustainable production, and aims to already achieve 100% renewable electricity supply for its Zhanjiang Verbund site by 2025.  This is part of BASF’s climate neutrality target, and will also contribute to China’s carbon reduction goal.”

The site in Zhanjiang will produce thermoplastic polyu-rethanes and 60,000 t/y of engineering plastics to serve various growth industries in the South China market, and throughout Asia.  The first plant from the initial phase will be operational by 2022.  The whole site is planned to be completed by 2030.

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