“This significant milestone was achieved thanks to the strong support from the government authorities as well as to the joint efforts from BASF and our partner,” said Martin Jung, President of BASF’s Performance Materials division. “With 100% renewable electricity supply for our plants, the first batch of ‘Made in Zhanjiang’ products will be delivered with minimized carbon footprints to the market, for the benefit of our customers and the community.”
“This is a landmark initiative to open up a new green energy business model. It helps enterprises like BASF maximize the use of renewable energy. We are proud to be the first company to purchase renewable energy under the new rules,” added Klaus Welsch, President, Mega Projects Asia, BASF. “Our new Verbund site in Zhanjiang will continue to improve the share of renewable energy in our future phases to be a role model for sustainable production. This is part of BASF’s goal of climate neutrality by 2050, and will also contribute to China’s carbon reduction ambition.”
“Since the signing of the agreement between China Resources Power and BASF, the two parties have been working closely together to promote the introduction of this new trading mechanism and provide new growth momentum for the market. China Resources Power will take this cooperation as a base, hand in hand with our partners to actively create and promote this new green energy business model, hence contributing to the green, high-quality development for the economy in China,” said Tang Yong, President of China Resources Power.
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