Chemical recycling
A key element of a circular plastics economy
Dr. Christoph Jäkel
Vice President, Corporate Sustainability Kepler Cheuvreux - Digital Field Trip "Raw Material Innovations" - June 2, 2021
Cautionary note regarding forward-looking statements
This presentation contains forward-looking statements. These statements are based on current estimates and projections of the Board of Executive Directors and currently available information. Forward-looking statements are not guarantees of the future developments and results outlined therein. These are dependent on a number of factors; they involve various risks and uncertainties; and they are based on assumptions that may not prove to be accurate. Such risk factors include those discussed in Opportunities and Risks on pages 158 to 166 of the BASF Report 2020. BASF does not assume any obligation to update the forward-looking statements contained in this presentation above and beyond the legal requirements.
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Our key sustainability targets
Climate protection
◼ Reduce our CO2 emissions1 by 25% by 20302 ◼ Achieve net zero CO2 emissions1 by 2050
Sustainable product portfolio
◼ Achieve €22 billion in Accelerator sales by 2025
Circular economy
◼ Process 250,000 metric tons of circular feedstock annually by 2025
◼ Double circular sales to €17 billion by 2030
We create chemistry for a sustainable future
1 | Scope 1 and Scope 2; | ||
3 | June 2, 2021 I ChemCycling | 2 | Compared with baseline 2018 |
Aside from chemical recycling, we already have many products and solutions which help close or extend the plastics materials loop
Infinergy® - footwear material | Ecovio® - compostable polymer | Joncryl® MB - Resins from |
extending lifetime of shoes | for agricultural mulch film | renewable raw materials |
Tinuvin® NOR® 356 - light | trinamiX® - mobile spectroscopy | Petra® - polyester based on |
stabilizer for increased longevity | solution to identify plastics | 100% recycled PET |
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Plastics production needs to adapt to a changing legislative environment
Highly efficient production of high-performance plastics
- Optimized system over 50 years
- Crude oil based
- Large variety of specialized plastics for demanding applications
Chemical recycling
Challenges
- Public pressure to reduce plastic waste (marine littering, landfill)
- Ambitious legislation targets
- Reduce GHG emissions
- Increase recyclability of plastics
- Increase recycled content in plastics
Chemical recycling can handle the challenges while maintaining process efficiencies and plastics performance
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BASF SE published this content on 02 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 June 2021 13:12:04 UTC.