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Press Release09 February 2021Siemens EnergyMunich / Ludwigshafen
BASF and Siemens Energy to cooperate in the field of Carbon Management
Possible pilot projects include the
construction of a PEM (proton exchange membrane) electrolyzer
for hydrogen production with an output of 50 megawatts with the possibility of
modular capacity expansions and the installation of a high-temperature 50
megawatts thermal heat pump for generating process steam from waste heat in a
production plant. In addition, a modernization of the power grid at the
Ludwigshafen site using digital and CO
2-optimized products from
Siemens Energy is being evaluated. Furthermore, a study is underway to assess
the potential for common system and catalytic converter development in an
effort, to boost the efficiency of electrolysis plants (PEM electrolysis) and
for collaboration in generating electricity from wind energy.
Dr. Christian Bruch, Chief Executive
Officer of Siemens Energy AG: “BASF is in a leading position in the chemical
industry and is a pioneer in the area of innovation for climate-compatible
production of chemicals. Numerous future technologies are still at an early
stage of development. By joining forces with BASF, we want to exploit the
experience gained in pilot projects as a basis for implementation of new
technologies and concepts and thus play an active role in shaping the energy
transition in the process industry. Our strategic objective, in our role as a
reliable and experienced partner for all types of energy systems, is to help
address the growing demand for goods and services and at the same time
contribute towards achieving the climate protection targets on our path to a
more sustainable world.”
Dr. Martin Brudermüller, Chairman of the
Board of Executive Directors of BASF SE: “By cooperating with Siemens Energy,
we stand to benefit from the expertise of a first-class partner for
implementing our carbon management, a partner with whom we can accomplish
projects of a commercial scale. At BASF, we want to develop and implement new
low-CO
2 technologies as quickly as possible. If we want to use such
technologies on a large scale, we will need appropriate regulatory framework
conditions and targeted support. We need renewable electricity in large
quantities for this, and we need it at competitive prices.”
BASF has sought further reduction of greenhouse gas emissions within the scope of its Carbon Management since 2018. Until the year 2030, the absolute level of BASF’s emissions is targeted not to exceed that of 2018. With a planned substantial increase in production volumes, this means a further reduction of the emission intensity by around 30% in this period. In tandem with the availability of newly developed technologies and the increased use of renewable energies, BASF also aims to further reduce its emissions in absolute terms beyond the year 2030. This will lead to a significant increase in BASF’s demand for electricity from renewable sources.
BASF and Siemens Energy have signed a
memorandum of understanding for their strategic partnership, which will focus
above all on supporting the chemical company in achieving its ambitious climate
targets. For Siemens Energy, the partnership represents a further key step
toward pursuing its strategic goals, namely low-emission or emission-free
generation of electricity and heat, transmission and storage of electricity, a
smaller carbon footprint and lower energy consumption in industrial processes
as well as shaping a sustainable hydrogen economy.
BASF and Siemens Energy will strive to
study the pilot projects identified for technical and commercial feasibility as
soon as possible in order to be able to reliably quantify the investments
needed and to launch the implementation of the pilot projects within the scope
of the currently prevailing framework conditions.
Siemens Energy is one of the world’s leading energy technology companies. The company works with its customers and partners on energy systems for the future, thus supporting the transition to a more sustainable world. With its portfolio of products, solutions and services, Siemens Energy covers almost the entire energy value chain – from power generation and transmission to storage. The portfolio includes conventional and renewable energy technology, such as gas and steam turbines, hybrid power plants operated with hydrogen, and power generators and transformers. More than 50 percent of the portfolio has already been decarbonized. A majority stake in the listed company Siemens Gamesa Renewable Energy (SGRE) makes Siemens Energy a global market leader for renewable energies. An estimated one-sixth of the electricity generated worldwide is based on technologies from Siemens Energy. Siemens Energy employs more than 90,000 people worldwide in more than 90 countries and generated revenue of around €27.5 billion in fiscal year 2020.