Groups Collaborate to Electrify Chemical Processing Plants [Yahoo! Finance]
BASF SE S/ADR (BASFY)
NASDAQ:AMEX Investor Relations:
basf.com/en/company/investor-relations.html
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Source: Yahoo! Finance
BASF, SABIC, and Linde on April 17 said the facility, at BASF's Verbund site in Ludwigshafen, Germany, will begin operating after three years of development, engineering, and construction work. The three groups in March 2021 signed an agreement to jointly develop and demonstrate solutions for electrically heated steam cracking furnaces. The companies in a news release wrote, "Steam crackers play a central role in the production of basic chemicals and require a significant amount of energy to break down hydrocarbons into olefins and aromatics. Typically, the reaction is conducted in furnaces at temperatures of about 850 degrees Celsius. Up to now, these temperatures have been reached by using conventional fuels. The demonstration plant aims to show that continuous olefin production is possible using electricity as a heat source. By using electricity from renewable sources, the new technology has the potential to reduce CO emissions of one of the most energy-intensive production process
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