Long road ahead for BASF when it comes to emissions
The world’s largest chemical maker is expanding in new markets that score highly on the environmental scale, but it has no quick fix for gas-fueled steam crackers
04 December 2020 - 11:41
Moorgate — For more than a century, BASF has stuck by its strategy of running sprawling, integrated chemical plants, even as rivals including DuPont break up. This degree of industrial might risks being a hindrance when it comes to environmental credentials.
The world’s largest chemical maker obtained a high overall environmental ranking among diversified peers in Bloomberg’s environmental, social and governance (ESG) scores. Yet some lower-performing rivals are selling their most carbon-intensive assets, an option BASF doesn’t have under its current strategy...
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