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The 2024 Shanghai International Carbon Neutrality Technology, Products and Achievements Expo (hereinafter referred to as the "Carbon Neutrality Expo") has been successfully concluded. With the theme of "The Road to Carbon Neutrality", this Carbon Neutrality Expo focused on the display of energy-saving and low-carbon technologies, products and achievements, and built a public platform for various entities in the entire industrial chain to connect, cooperate and communicate, promote the promotion and application of carbon neutrality-related technologies and the development of emerging industries, and promote the green and low-carbon transformation of economic and social development.

BASF will appear at this year's Carbon Neutrality Expo with the theme of "Carbon Road Together, Chain Innovation", sharing BASF's latest progress towards net zero carbon dioxide emissions by 2050, innovative low-carbon technologies, and co-creation results with partners.

Dr. Lou Jianfeng, Chairman and President of BASF Greater China, said: “With the platform of Shanghai International Carbon Neutrality Expo, we will fully showcase BASF’s cutting-edge low-carbon technologies and solutions, and use innovation to ‘link’ upstream and downstream to help customers’ green transformation and business success. The road to low carbon requires innovation and collaboration. Our exhibition theme not only summarizes how BASF will work with partners to advance its own progress in achieving net zero carbon emissions by 2050, but also carries our vision and determination to achieve carbon neutrality together with our partners.”

The latest progress towards net zero carbon emissions by 2050

As a leading global chemical company, BASF has always been at the forefront of green transformation and has set a climate protection goal of achieving net zero carbon emissions by 2050. Last December, BASF further committed to reducing carbon emissions in Scope 3.1: by 2030, Scope 3.1 carbon emissions will be reduced by 15% compared to 2022; by 2050, Scope 3.1 net zero emissions will be achieved. This will cover more links in the value chain and lay the foundation for BASF to further cooperate with customers and suppliers to jointly find economical, environmentally friendly and practical solutions.

To achieve this ambitious goal, BASF has integrated its commitment to sustainable development throughout the entire value chain, from “responsible sourcing”, “efficient and safe production” to “providing sustainable solutions”, into the company’s carbon reduction actions.

At this year's Carbon Neutrality Expo, BASF showcased the progress of multiple low-carbon production processes, including the world's first large-scale electrically heated steam cracking furnace, which was jointly built by BASF, Saudi Basic Industries Corporation and Linde, and was put into operation at BASF's Ludwigshafen integrated base at the beginning of this year. Compared with traditional steam cracking furnaces, this technology is expected to reduce carbon emissions by at least 90% by using renewable energy electricity.

During the exhibition, BASF also demonstrated how its "sustainable solutions" can help green transformation and circular economy in various industries, including electric vehicles, new energy, sustainable agriculture, green consumer products, etc. From low-carbon chemical products to innovative material technology, BASF and its partners are co-creating sustainable concepts into products that are within reach.

“Chain” innovation: working with partners to leverage the green value chain

In addition to providing sustainable solutions to help customers, BASF is also working with partners to jointly leverage the green value chain. At the Green and Low-Carbon Technology Forum for Foreign-Invested Enterprises at the Carbon Neutrality Expo held on June 5, the Shanghai Association of Enterprises with Foreign Investment, as a guiding unit, jointly initiated and launched the "Zero Carbon Circular Paper Cup Pioneer Alliance" ("Pioneer Alliance") with BASF, Sinar Mas Paper, Dubaicheng Group, Hunan Lile Technology and other companies, aiming to promote the recycling of disposable paper cups and encourage more stakeholders to join the efforts of high-quality resource reuse, circular economy and carbon emission reduction. Currently, Yitan Technology and Nespresso, a subsidiary of Nestlé, have joined the Pioneer Alliance.

Dr. Lou Jianfeng, Chairman of the Green and Low-Carbon Development Branch of the Shanghai Foreign Investment Association and Chairman and President of BASF Greater China, said in his welcome speech: "Any innovation and practice in the field of green and low-carbon development cannot be separated from government encouragement and policy support. Shanghai attaches great importance to listening to the voices and demands of foreign-funded enterprises in green and low-carbon development. In the past year, it has intensively introduced policies and regulations on green manufacturing, green supply chain, carbon market and carbon footprint, and built a platform to encourage foreign-funded enterprises to participate in standard construction. The CN100 Green and Low-Carbon Supply Chain Chain Leader Enterprise Alliance will be formally established at this Carbon Neutrality Expo. The Green and Low-Carbon Branch will continue to build a two-way communication platform between foreign-funded enterprises and relevant government departments, provide good services, make more policies operational, and contribute the strength of foreign enterprises to creating a first-class green and low-carbon development environment."

The "Zero Carbon Circular Paper Cup Pioneer Alliance" will lead the exploration of the full-link system of "production-use-recycling-regeneration" of high-performance water-based barrier coated paper cups ("water-based coated paper cups") that use BASF's Joncryl® HPB products. Compared with traditional polyethylene (PE) coated paper cups, paper cups with water-based coatings are not only easy to break up, but also easy to separate from paper fibers, and can be directly sent to papermaking equipment for recycling. Paper cups are very high-quality renewable resources, and they are used in large quantities and cover a wide range. Comprehensively promoting their recycling and utilization will help to efficiently use forest resources and reduce carbon emissions.

At the same time, the Pioneer Alliance will also introduce standard setting guidance agencies, emission reduction and environmental benefit certification agencies to scientifically evaluate the effectiveness of this practice on carbon reduction and waste recycling. This best practice is expected to be further promoted in the catering industry in the future.

It is understood that BASF participated in many activities during this exhibition to introduce BASF's concepts and technical solutions for sustainable development. BASF has always closely combined economic success with social responsibility and environmental protection, focusing on and actively participating in "carbon management" and sustainable development issues, giving full play to the technological and innovative advantages of chemical companies, and enabling the green transformation of the entire industry chain.

Green and low-carbon development is an effective means to promote the transformation of new and old growth drivers and achieve high-quality development. We hope that more companies will join hands with BASF to create more innovative cases of circular economy and green and low-carbon development, build and expand the value chain and ecosystem of sustainable development, and contribute to China's "dual carbon" goals.