"By 2030, we want to double the sales with solutions for the circular economy to 17 billion. By using electricity from renewable sources instead of natural gas, the new technology has the potential to reduce CO2 emissions of one of the most energy-intensive production processes in the chemical industry by 90% . Our energy efficient manufacturing technology and utilization of renewable energy in PCAM / CAM production, combined with the use of recycled materials, offer outstanding levels of CO 2 reduction. Consequently, we will update our product portfolio steering target over the course of 2022. Last Update Feb 25, 2022 The initiative seeks to advance principles of the circular economy, where the "take-make-dispose" economic model yields to one that is regenerative by design. Its total sales last year were $72.3 billion. The biopolymer is on the market for more than two decades. The rambutan program BASF's circular economy program BASF has launched a new Circular Economy Program. Back to Sustainability New Feedstocks New Material Cycles Packaging Circular Car Initiative - How vehicles become climate-neutral After all, a circular economy is based on the principle of reusing and recycling resources, including anything from tyres to the vehicle body shell, with the aim of extending the life of cars and their components. SABIC has embraced the United Nations' Sustainable Development Goals (SDGs). With a clear focus on three strategic pillars, our passionate team drives the industry transformation jointly with our customers and other partners 1 Strategic Pillars 2 Sustainable Solutions 3 New Perspectives 4 Sustainability Services The chemical industry is a key sector whose innovative strength is needed to shape new material cycles in a circular economy and, in addition to changing its own value-added and production chains, to help other sectors close cycles. The firm aims to double its sales generated from circular economy productsmade of materials that can be regenerated and that minimize disposed wasteto $20.5 billion by 2030. Benefits ecoflex is: the ideal blend component for bioplastics Circular economy is a principle already in practice at BASF. the Circular Economy Forum with exciting presentations and discussions. Director, Circular Economy, BASF SE DECALIA Webinar, November 11, 2021 Cautionary note regarding forward-looking statements This presentation contains forward-looking statements. BASF is committed to a circular economy approach across its value chain and within its products. BASF is driving circular economy by making the most of the limited resources of our planet: We keep them in use for as long as possible, minimize waste and create value with renewable resources. The pilot project will introduce a . Waste360 Staff | Feb 18, 2020. The initiative is built around four key principles: TRUCIRCLE is a . Taking place from March 15 to 25. Instead, it advocates the reuse and refurbishing of resources. These statements are based on current estimates and projections of the Board of Executive Directors and currently available information. Sign up here . It is a system that does not relate to the traditional economic system, which is linear. . The two companies BASF and 3T Industries Sdn Bhd are helping pineapple plantations in Malaysia to increase yields and conserve resources. BASF Launches Ambitious Circular Economy Program. BASF offers a solution to finally closing the loop for polyurethane soft foam with the chemical recycling of mattresses. /content/basf/plastics-rubber/global/en /content/basf/plastics-rubber/global/en/performance_polymers /content/basf/plastics-rubber/global/en/performance_polymers/fpgs . To achieve this, BASF is concentrating on three action areas: circular feedstocks, new material cycles and new business models. As of 2025, BASF aims to process 250,000 metric tons of recycled and waste-based raw materials annually, replacing fossil raw materials. Batteries, plastics, renewable raw materials: new ideas for the circular economy Subscribe ! These goals help our industry get closer to a net-zero future and a true circular economy. Greentown Labs and BASF are seeking ideas from startups with a proof of concept solution to disrupt the plastics, energy storage and recycling value chains to enable a circular economy. Read more ecovio is a versatile and high-performance biopolymer. Circular economy means decoupling growth from resource consumption. "CO 2 emission reduction and a circular economy are BASF's paramount targets. 1 - A circular economy is an alternative to a linear economy (make, use, dispose) in which we keep resources in use for as long as possible, extracting the maximum value possible throughout their use, and then recover and regenerate products and materials at the end of each lifespan cycle. It has been on the market for more than two decades. BASF offers various polystrene based products to the packaging industry and is pursuing a variety of solutions for the environmentally friendly manufacture and recycling of Styropor . BASF also highlighted how its plastic additives facilitate mechanical recycling of plastics. This valuable material can be used, re-used, and eventually recycled. BASF experts highlighted BASF's ChemCycling project, a key pillar of its circular economy strategy, which develops a pyrolysis technology that turns plastic waste into a secondary raw material called pyrolysis oil. 1201.02.2022 Circular Economy at BASF We run a Circular Economy Program to accelerate the transition. Together, the Mitsui . Abiding to circular economy-related laws, regulations and demandsmany of which require reforming production processes and supply chainscan place a large financial burden on the chemical companies which typically operate at very narrow profit margins. By using electricity from renewable sources instead of natural gas, the new technology has the potential to reduce CO2 emissions of one of the most energy-intensive production processes in the . Talke Schaffrannek is Director of Circular Economy at BASF, Ludwigshafen, Germany. 3T Industries has used BASF's IrgaCycle UV033 DD to improve the production of 100% recycled high-density polyethylene (HDPE . By using electricity from renewable sources instead of natural gas, the new technology has the potential to reduce CO2 emissions of one of the most energy-intensive production processes in the chemical industry by at least . September 1, 2022 - BASF, SABIC and Linde have started construction of the world's first demonstration plant for large-scale electrically heated steam cracker furnaces. Forward-looking statements are . As your trusted partners in lithium ion battery recycling, chemical catalysts recycling, automotive catalysts converters and precious metal scrap, BASF is here to help you succeed in a sustainable circular economy. Watch video now. Using circular feedstocks instead of virgin fossil resources contributes directly or indirectly to an improved CO 2 footprint of subsequent products," says Klaus Ries, Vice President for BASF's Styrenics Business Europe. BASF expands global PGM refining capacity, further driving circular economy business SENECA, SOUTH CAROLINA, May 12, 2021 - BASF announced today the expansion of its Seneca, South Carolina, Platinum Group Metals (PGM) refining facility. Video BASF researchers receive R&D award for Diesel Oxidation Catalyst designed to reduce tailpipe emissions at the 42nd Annual Edison Patent Awards. TRUCIRCLE supports SDG 12, Responsible Consumption and Production. To achieve this, the company is concentrating on three action areas: circular feedstocks, new material cycles and new business models. The circular economy is termed the closed-loop economy that promotes sustainable development. Circular economy means decoupling growth from resource consumption. It supports a circular economy by enabling products that are certified compostable and thus advances organic recycling. But we have taken on this challenge with commitment and creativity and we can build on our innovative strength," said Brudermller. by Axel Barrett December 10, 2020 December 10, 2020. At the invitation-only event - which took place virtually from SABIC's Home of Innovation in Riyadh - the event provided the opportunity to exchange learnings and jointly agree on driving circular economy solutions. Watch video now. RIYADH: Saudi Basic Industries Corporation joined forces with European companies BASF and Linde to start the construction of the world's first pilot plant for large-scale electrically heated . ecoflex is the first biodegradable and certified compostable plastic by BASF on a fossil basis. The circular economy goals of CELAB align with BASF's approach: moving towards the use of recycled and renewable feedstocks, creating new circular material lifespans and business models, and supporting the entire value chain in lessening its environmental impact. BASF announces an innovation partnership with start-up Ingredi, China, including a strategic equity investment Read news Trade News | August 24, 2022 . Plastics have an exceptional role to play in creating a circular economy. The collaboration will combine BASF's technologies and know-how accumulated through its ChemCycling project with our assets such as technologies and ethylene crackers. To achieve this,. BASF, SABIC and Linde have started construction of the world's first demonstration plant for large-scale electrically heated steam cracker furnaces. Ludwigshafen, Germany - May 4, 2017 - BASF, the world's leading chemical company, today announced its membership of two Ellen MacArthur Foundation programs, to further advance its existing circular economy solutions. In addition to the climate protection and Accelerator sales targets, we have set ourselves further sustainability goals. . A particular focus is the circular economy due to its . This enables us to help our customers achieve their sustainability goals while improving the resource and carbon footprint of our products. By the year 2030, the company aims to double its sales generated with solutions for the circular economy to 17 billion. Established Leaders in the Battery Value Chain "The path to a circular economy will require enormous efforts on our part. more Circular Economy Circular economy means decoupling growth from resource consumption. "Forging a path to a circular . Video BASF Precious Metals Recycling at Seneca, South Carolina, USA. We already reached our 2025 sales target for Accelerator products in 2021. It focuses primarily on material cycles and relies on energy from renewable sources. Over the past 18 months, at least ten corporate bonds, including PepsiCo, Philips, BASF, Alphabet, with circular economy focus were issued, totalling USD 10 billion. BASF has therefore launched a new Circular Economy Program. BASF launched pilot platform reciChain in the province of British Columbia, Canada, as a response to the plastic waste crisis. This year, we unveiled our new TRUCIRCLE TM initiative, which showcases our innovations to create a circular economy for plastics. Recommended Articles This article has been a Guide to What is Circular Economy and its definition. The chemicals giant said it plans to work closely with other stakeholders on the Foundation's Circular Economy 100 and New Plastics Economy projects. Learn how BASF, in thinking circular regarding products and production, brings the Circular Economy forward and how together with our customers, entirely new. For example, we are building a new . Speaker: Andreas Kicherer, BASF SE, Director Sustainability Strategy BASF's closed-loop offering enables the circular economy, allowing for a best-in-class CO 2 footprint. Circular Economy Circularity is a particular focus in the continued development of our product portfolio. There will be interactive panels, demos, startup-corporate collaborations, expert talks (including some BASF colleagues) and more. Video BASF Schwarzheide Groundbreaking Event . By the year 2030, we aim to double our sales generated with solutions for the circular economy to 17 billion. Buy a yearly subscription to access all content. This focuses on three fields of action: the increased use of recycled and renewable raw materials, the development of innovative material cycles and the establishment of new business models for the circular economy. BASF's Circular Economy Program focuses on three action areas: increasing the use of recycled and renewable feedstocks, innovative material cycles and new business models for the circular economy, including digital and service-based models. Circular Economy; Product Carbon Footprint; In Focus: BASF Solutions for a Sustainable Future; Forecast. September 1, 2022 - BASF, SABIC and Linde have started construction of the world's first demonstration plant for large-scale electrically heated steam cracker furnaces. It includes using resources wisely and designing products with the minimum amount of waste and impact on the environment. BASF has therefore launched a new Circular Economy Program. Circular economy at BASF Sustainability with BASF plastics Our biopolymers for a circular economy Ecoflex ecoflex is the first certified biodegradable and compostable biopolymer on a fossil basis. With BASF solutions, you can give your customers the power to choose cleaning products designed with the circular economy in mind: products that make efficient use of resources and keep people and the environment healthy, without compromising on cleaning performance. World-leading chemicals companies - SABIC and BASF - recently held their debut Circular Economy Forum. Economic Environment; . Proven BASF solutions for the construction and packaging industry: Styropor - Neopor - Styrodur. 17 billion Sales of solutions for the circular economy by 2030 Together with partners, BASF is developing innovative products and technologies to improve recyclability and enable resources to be fed back into the system in the future. Acquisition will grow BASF's circular economy business in catalyst recycling Complements BASF's precious metal recycling in Seneca, South Carolina ISELIN, NJ, July 2, 2021 - BASF has expanded its chemical catalyst recycling capacity and capability with the acquisition of Zodiac Enterprises LLC in Caldwell, Texas.
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