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BASF SPIC signs renewable energy cooperation agreement

 Last Update: 2022-04-26
 Source: Internet
 Author: User

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On March 22, BASF and State Power Investment Corporation signed a 25-year renewable energy cooperation framework agreement to purchase renewable energy power for the follow-up installations of its new integrated base in Zhanjiang City, Guangdong Province
.

With the support of this transaction and other related cooperation, BASF will further accelerate the process of renewable energy power supply, aiming to provide 100% renewable energy power for the entire Zhanjiang integrated base by 2025

Previously, BASF announced that the first units of the Zhanjiang integrated base will be powered by 100% renewable energy, and the units will be put into operation in 2022 and 2023, respectively
.

This cooperation with State Power Investment Corporation is another important leap in the implementation of the base's renewable energy power supply plan

"Thanks to the rapid development of China's renewable energy market, we are delighted to be able to accelerate the realization of the target of renewable energy supply for the site earlier than expected
.

By then, BASF will be able to Minimized carbon footprint brings all 'Made in Zhanjiang' products to the market for the benefit of customers and communities

Liu Mingsheng, Deputy General Manager of SPIC, said: "This signing marks the first green power cooperation between SPIC and BASF, and is also an important project for SPIC to promote the local consumption of green electricity
.

BASF actively promotes the climate protection strategy and cooperates with SPIC.

BASF also said that it is currently negotiating with multiple partners to further expand its renewable energy power supply at the Zhanjiang integrated base

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