Air Liquide and BASF Welcome Support from European Innovation Fund for Joint CCS Project
22 Novembre 2021 - 08:45AM
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Air Liquide (Paris:AI) and BASF are planning to
develop the world’s largest cross-border Carbon Capture and Storage
(CCS) value chain. The goal is to significantly reduce CO2
emissions at the industrial cluster in the port of Antwerp. The
joint project “Kairos@C” has been selected for funding by the
European Commission through its Innovation Fund, as one of the
seven large-scale projects out of more than 300
applications.
Kairos@C will be jointly developed by Air Liquide and BASF at
its Antwerp chemical site. By avoiding 14.2 million tons of CO2
over the first 10 years of operation, it will significantly
contribute to the EU’s goal of becoming climate neutral by
2050.
Besides combining CO2 capture, liquefaction, transportation and
storage on a large scale in the North Sea, the project includes
several innovative technologies. Notably, for capturing the CO2
from production plants, Air Liquide will use its patented CryocapTM
technology and, for drying the CO2, BASF will apply its Sorbead®
solution. The project is planned to be operational in 2025.
Kairos@C is paving the way for the next phases of carbon
abatement in the port of Antwerp. The project will also be
connected to shared CO2 transport and export infrastructures,
including a first-of-its-kind CO2 liquefaction and export terminal,
which will be built under the framework of “Antwerp@C”, a
consortium that aims to halve CO2 emissions in the port of Antwerp
by 2030. Air Liquide and BASF are founding members of
Antwerp@C.
Benoît Potier, Chairman and Chief Executive Officer of
Air Liquide, declared: “In line with its sustainability
objectives, which include reaching carbon neutrality by 2050, Air
Liquide’s ambition is to contribute actively to the emergence of a
low carbon society. Energy transition requires tackling complex
projects and joining forces of both public and private sectors to
make these projects a reality. We are very pleased that the
Kairos@C project has been selected by the Innovation Fund and it
will contribute towards the EU climate goals, thanks in particular
to some innovative Air Liquide technologies. Air Liquide and BASF
have been engaged in a strategic partnership in the port of Antwerp
for over 50 years and this groundbreaking project opens a new
chapter of our cooperation towards developing a more sustainable
industry.”
Dr. Martin Brudermüller, Chairman of the Board of
Executive Directors of BASF SE says: “BASF wants to
reduce its CO2 emissions by 25% by 2030 compared with 2018 and
achieve net zero CO2 emissions by 2050. To reach these ambitious
goals, we must use all available technologies. Especially for
BASF’s Verbund site in Antwerp, due to its prime location in the
Port of Antwerp with direct sea access, CCS is an attractive
solution to reduce CO2 emissions from production processes on an
industrial scale within a relatively short timeframe. Therefore,
Kairos@C can become another important step on our path to climate
neutrality.”
The European Innovation Fund is one of the world’s largest
programs for promoting innovative low-carbon technologies.
Receiving this funding is an essential milestone in making a final
investment decision and starting the execution of this project.
About Air Liquide
A world leader in gases, technologies and services for Industry
and Health, Air Liquide is present in 78 countries with
approximately 64,500 employees and serves more than 3.8 million
customers and patients. Oxygen, nitrogen and hydrogen are essential
small molecules for life, matter and energy. They embody Air
Liquide’s scientific territory and have been at the core of the
company’s activities since its creation in 1902.
Air Liquide’s ambition is to be a leader in its industry,
deliver long-term performance and contribute to sustainability -
with a strong commitment to climate change and energy transition at
the heart of its strategy. The company’s customer-centric
transformation strategy aims at profitable, regular and responsible
growth over the long term. It relies on operational excellence,
selective investments, open innovation and a network organization
implemented by the Group worldwide. Through the commitment and
inventiveness of its people, Air Liquide leverages energy and
environment transition, changes in healthcare and digitization, and
delivers greater value to all its stakeholders.
Air Liquide’s revenue amounted to more than 20 billion euros in
2020. Air Liquide is listed on the Euronext Paris stock exchange
(compartment A) and belongs to the CAC 40, EURO STOXX 50 and
FTSE4Good indexes.
About BASF
At BASF, we create chemistry for a sustainable future. We
combine economic success with environmental protection and social
responsibility. More than 110,000 employees in the BASF Group
contribute to the success of our customers in nearly all sectors
and almost every country in the world. Our portfolio is organized
into six segments: Chemicals, Materials, Industrial Solutions,
Surface Technologies, Nutrition & Care and Agricultural
Solutions. BASF generated sales of €59 billion in 2020. BASF shares
are traded on the stock exchange in Frankfurt (BAS) and as American
Depositary Receipts (BASFY) in the U.S. Further information at
www.basf.com.
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AIR LIQUIDE CONTACTS
Corporate Communications media@airliquide.com
Air Liquide Investor Relations IRTeam@airliquide.com
BASF CONTACTS
Corporate Media Relations Philipp Roßkopf Phone: +49 621
60 71233 Email: philipp.rosskopf@basf.com
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