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    Home > Chemicals Industry > International Chemical > BASF China Resources Power concludes renewable energy power deal

    BASF China Resources Power concludes renewable energy power deal

    • Last Update: 2021-08-05
    • Source: Internet
    • Author: User
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    The picture shows the scene of the signing ceremony
    .


    (Photo provided by the enterprise)

    The picture shows the scene of the signing ceremony


    Dr.
    Martin Jung, President of BASF's Performance Materials Business Unit, said: "This important milestone cannot be achieved without the strong support of government departments and the joint efforts of BASF and its partners
    .


    The first batch of devices will produce engineering plastics and thermoplastics.


    On April 21, 2021, Guangdong Electric Power Trading Center issued the "Guangdong Province Renewable Energy Trading Rules (Trial)"
    .


    As the first transaction under the transaction rules, BASF purchased renewable energy power from China Resources Power for the first installations of the Zhanjiang Integrated Base in this transaction organized by the Guangdong Power Exchange Center


    Dr.
    Klaus Welsch, President of BASF Asia's large-scale projects, said: "This is a milestone in the creation of a new green energy business model, which has effectively promoted the maximum use of renewable energy by companies such as BASF
    .


    We are very proud.


    China Resources Power President Tang Yong said: “CR Power and BASF have always maintained close cooperation since the signing of the agreement to jointly promote the introduction of this new transaction mechanism and provide new growth drivers for the market
    .


    China Resources Power will use this cooperation as the basis and work hand in hand.


    BASF's Zhanjiang integrated base project was announced in July 2018 and officially launched in November 2019
    .


    After completion, it will become BASF's largest investment project to date, with a total investment of approximately US$10 billion, and will be independently constructed and operated by BASF



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