Germany – BASF and RWE announced a plan for a two gigawatt offshore wind farm in the German part of the North Sea. A three hundred megawatt electrolyzer will also make the production of green hydrogen possible. The investment is four billion euros.
The aim is to electrify the production processes for basic chemicals, which are currently based on fossil fuels. BASF wants to become climate neutral by 2050. By 2030, the chemical company wants to achieve a 25 percent reduction in their CO2 emissions worldwide, compared with 2018 levels.
To make that happen, a lot of electricity from renewable sources is needed. BASF wants to stop using fossil raw materials for its steam crackers in the future. For this purpose, it is developing electrically heated steam crackers with Sabic and Linde. In addition, the chemical company wants to switch to using green hydrogen. Twenty percent of the electricity generated by the new wind park will be used for the production of green hydrogen. BASF and RWE want to build a three hundred megawatt electrolyzer for this purpose. Other companies can also make use of this green hydrogen.
These plans could result in the avoidance of around 3.8 million metric tons of CO2 emissions per year, of which 2.8 million tons would be realized directly at BASF in Ludwigshafen. It involves an investment of four billion euros. No subsidy is required for the wind park. BASF and RWE want to implement the project by 2030.