Home News BASF and ENGIE Sign Biomethane Purchase Deal

BASF and ENGIE Sign Biomethane Purchase Deal

July 5, 2024
Circular economy

BASF and ENGIE sign biomethane deal. The two companies have entered into a significant 7-year Biomethane Purchase Agreement in Europe, effective July 4th, 2024.

BASF will utilize this certified biomethane at its Ludwigshafen, Germany, and Antwerp, Belgium sites.

The biomethane serves as a sustainable alternative to fossil raw materials in BASF’s manufacturing processes, supporting the company’s goal to reduce its carbon footprint.

This strategic move allows BASF to expand its product portfolio, offering items with lower or zero Product Carbon Footprints (PCF).

Industries such as automotive, packaging, and detergents stand to benefit from these environmentally friendly products.

Biomethane, derived from organic waste fermentation, offers a renewable energy source that significantly cuts greenhouse gas emissions.

The BASF and ENGIE deal follows Covestro and BP’s 10-year solar power agreement in Spain, underlying the industry’s shift towards sustainability.