Innovating for sustainability - GCPMHInnovating for sustainability Narayan Krishnamohan Managing...
Transcript of Innovating for sustainability - GCPMHInnovating for sustainability Narayan Krishnamohan Managing...
Innovating for sustainability
Narayan Krishnamohan
Managing Director, BASF India Limited and
Head, BASF South Asia
November 11, 2019
BASF lives by its
corporate purpose:
We create chemistry
for a sustainable
future
2
Sustainable Solution SteeringLeverage our innovation power to achieve €22 billion in Accelerator sales by 2025
Substantial sustainability
contribution in the value chain
Meets basic sustainability
standards on the market
Specific sustainability issues
which are being actively addressed
Significant sustainability concern
identified and action plan developed
27.7%
66.9%
5.3% 0.1%
◼ We target to further increase our sales
from Accelerator products to €22 billion
by 2025 (2018: €15 billion).
◼ To achieve this goal, we will deeply
integrate Sustainable Solution Steering
in the R&D pipeline, in business
strategies as well as in merger and
acquisition projects.
◼ As of 2018, we will phase out all
Challenged products within five years of
initial classification as such at the latest.
BASF’s Verbund principle –Core to Circular Economy
Working together to end plastic wasteBASF co-founds global Alliance to end Plastic Waste
40 companies from the plastics and consumer goods value chain commit
over $1.5 billion to help end plastic waste in the environment
Plastic waste is
converted into feedstock
by third parties through
thermochemical
processes
Waste companies
supply recyclers with
plastic waste
This feedstock can be used in the
BASF Verbund as an alternative to
fossil feedstock to create all kinds
of chemicals and products,
including new plastics
The waste is
collected and sorted
by waste companies
Consumers and
companies use and
dispose of products
Customers use
these to make their
own products
ChemCycling:
Turning plastic waste
into new products
BASF breaks new ground in plastic waste recyclingChemCycling - Innovative and cutting-edge technology
ChemCycling – Partnerships underway
Through chemical recycling, mixed plastic waste that was
previously impossible to recycle can be effectively
reprocessed and reused. The pilot project with bottles of
Perwoll is part of the ChemCycling project led by BASF
BASF will further develop Quantafuel’s integrated
process of pyrolysis and purification. After start up of
Quantafuel’s plant in Skive, Denmark, BASF will have a
right of first refusal to all pyrolysis oil and purified
hydrocarbons from this plant.
16kt/a
Output
Integrated
Pyrolysis &
Purification
Start-up of
production
~ Dec 2019
Plant
located in
Denmark
Partnership with Quantafuel Henkel joins BASF’s #ChemCycling initiative
Key Learnings:
◼ Circular Economy (CE) is much more than waste management.
◼ CE brings opportunities for new business models and new customers.
◼ Pre-condition is a deep understanding of value chains and customers’ needs.
Key enablers:
Closing the loop for Circular Economy
Government-
industry-society
partnership: consistent
efforts to scale up
Conducive
infrastructure
Clear and
consistent
regulatory
policies
Innovation to
advance and
scale up new
technologies
Education to
enable behavior
change across
stakeholders
Clean Energy◼ Power stations
◼ Electrical grid
◼ Rising demand
◼ CO2 neutral
Health & Nutrition◼ Clean drinking water
◼ Clean air
◼ Crop yield
◼ Food chain losses
Waste◼ Waste reduction
◼ Waste treatment
◼ Recycling
Infrastructure &
Urbanization◼ Roads, rails, airports
◼ Public transportation
◼ Housing
India – Challenges & Opportunities
Doing it responsiblyBASF examples from India
ecovio® - Compostable resins
for paper food packaging
A perfect example for Circular Economy
Organic waste recycling
project at Kalyani University Key Take-aways
▪ Requires partnership from
government, industry, society
▪ Focused approach in smaller
communities offer easier execution
▪ Education and investment of
stakeholders mobilizes action