The Carbon Trust

BASF for the first time offers neopentyl glycol (NPG) and propionic acid (PA) with a cradle-to-gate product carbon footprint (PCF)1 of zero2. Produced at BASF’s Ludwigshafen Verbund site, Germany, the products are available globally as “NPG ZeroPCF” and “PA ZeroPCF.” BASF achieves the zero PCF for NPG and PA by using renewable raw materials in its unique Verbund production system via its biomass balance (BMB) approach. For NPG, BASF additionally uses renewable energy for production. NPG ZeroPCF and PA ZeroPCF are “drop-in” solutions: They are identical in quality and properties to the standard products, allowing customers to use them in their production without the need for adjustments to their existing processes. In this way, customers can simply and efficiently reduce emissions from purchased goods or services (Scope 3) and increase the share of renewable raw materials in the value chain, thus contributing to the shift to a circular economy. Biomass balance approach with waste-based renewable raw materials BASF manufactures NPG ZeroPCF and PA ZeroPCF in its integrated Verbund production system applying its BMB approach. For this, BASF feeds renewable raw materials into its Verbund in the very first steps of chemical production and attributes a corresponding share of the renewable raw materials to specific sales products by means of a certified mass balance method. The renewable raw material used is waste-based. BASF’s biomass balanced products are certified according to recognized standards like either REDcert2 or ISCC plus.3 In the production of NPG ZeroPCF, BASF additionally uses renewable energies via Renewable Energy Certificates. The PCF comprises the total greenhouse gas emissions that occur until the product leaves the BASF factory gate for the customer, from the extraction of resources through manufacturing of precursors to the making of the final chemical product itself. On its journey to achieve net zero CO2 emissions by 2050, BASF is the first large chemical company to make the individual carbon footprints of all its sales products available to its customers. NPG ZeroPCF and PA ZeroPCF certified Carbon Neutral by the Carbon Trust BASF has achieved Carbon Neutral certification from global climate change consultancy the Carbon Trust for its NPG ZeroPCF and PA ZeroPCF. The Carbon Trust certifies products as Carbon Neutral that are either carbon neutral through temporary natural upstream carbon sinks like plants4 or through carbon credits purchased by the manufacturing company. BASF achieves the cradle-to-gate product carbon footprint of zero for NPG ZeroPCF and PA ZeroPCF without purchasing carbon credits.5 The certification will be reviewed on an annual basis. Neopentyl glycol with broad application fields An essential field of NPG application is powder coatings, especially for the construction and automotive industries as well as for household appliances. Besides emitting minimal to zero volatile organic compounds (VOC), the coatings process with powder coatings also reduces processing times and energy requirements. By applying NPG ZeroPCF, the carbon footprint of the powder coating resins can be reduced significantly. This can help manufacturers in the construction, automotive, white goods and furniture industries to achieve their upstream Scope 3 CO2 emission reduction targets. Due to its high chemical and thermal stability, the versatile polyalcohol NPG has proven itself in many further applications, in particular as a building block for the production of polyester and alkyd resins for various coatings and plastics. Other areas of application for NPG include the manufacture of lubricants, plasticizers and pharmaceuticals: It is used as a building block in the synthesis of, for example, hormones, cardiovascular drugs and painkillers. With decades of expertise, BASF is today among the leading NPG producers globally. Wide range of uses for propionic acid For decades, BASF customers have been utilizing PA, which is fully biodegradable, as a mold inhibitor for the preservation of food and feed grains. In this application PA offers economic and ecological benefits over preservation through drying or storage in airtight silos. Other application areas of PA include the production of crop protection agents, flavors and fragrances, pharmaceuticals, solvents and thermoplastics. With decades of expertise, BASF is among the leading PA producers globally. 1 BASF’s product carbon footprint (PCF) calculations follow the requirements and guidance given by ISO 14067:2018. In a methodology review, TÜV Rheinland has certified that the PCF methodology SCOTT developed and used by BASF SE for calculating the PCFs of BASF products is scientifically-based, is in accordance with ISO 14067:2018, and reflects the state of the art. 2 The product carbon footprint (PCF) of NPG ZeroPCF and PA ZeroPCF is zero in a cradle-to-gate assessment, taking into account all product-related greenhouse gas emissions and the biogenic uptake of the renewable raw materials used in the value chain and attributed to the products via a certified mass balance approach. The calculation does not include downstream value chain emissions such as transportation emissions from factory gate to customer, emissions from further processing and the end-of-life emissions (e.g., from waste treatment). 3 REDcert2 and ISCC plus are standards for the use of sustainable biomass as raw material in the chemical industry. Regarding BASF's biomass balance approach, certification according to these standards confirms that the biomass used is sustainable and has been fed into the production Verbund in the required amount. It also confirms that the sustainable biomass has been correctly attributed to the corresponding sales products. The certifications are awarded on the basis of on-site audits conducted by independent auditors. 4 A carbon sink is a natural or artificial system that extracts more CO2 from the atmosphere than it releases into it. Plants are an example of a natural carbon sink, as they remove CO2 from the atmosphere through photosynthesis (biogenic uptake). The raw materials used in BASF’s biomass balance approach are plant-based and the biogenic uptake is accounted for in the calculation of the cradle-to-gate product carbon footprint. 5 To achieve carbon neutrality for NPG ZeroPCF and PA ZeroPCF in relation to their complete product life cycle (cradle-to-grave), all downstream value chain emissions have to be offset by the respective actors in the value chain, e.g., by purchasing carbon credits.  Further information on BASF’s ZeroPCF intermediates: https://chemicals.basf.com/global/en/Intermediates/sustainability/zero-pcf.html

Pune, India, June 24, 2021 (GLOBE NEWSWIRE) -- The global geochemical services market is set to gain momentum from the surging investments by countries, such as Malaysia, Singapore, Australia, and India in the production of minerals. A study by the India Brand Equity Foundation (IBEF) declared that the country produced 729.10 million tons of minerals in 2019. It produces 95 minerals, including 55 minor minerals, 3 atomic minerals, 23 non-metallic minerals, 10 metallic minerals, and 4 fuel-related minerals. As per a report by Fortune Business Insights™, titled, “Geochemical Services Market, 2021-2028,” the market size was USD 0.95 billion in 2020. It is projected to grow from USD 1.01 billion in 2021 to USD 1.41 billion in 2028 at a CAGR of 4.9% during the forecast period. COVID-19 Pandemic: Integration of Geotechnical Services to Surge Efficiency will Aid Growth The sudden outbreak of the COVID-19 pandemic across the globe has severely affected this industry. Regulatory bodies of several countries have deployed strict norms to cope up with the ‘new normal.’ They are also trying to mitigate operational risks and maximize efficiency by integrating geotechnical services. Our reports will help you choose the right strategy to increase sales. To get to know more about the short-term and long-term impact of COVID-19 on this market, Please Visit: Segments- Mineral & Mining Segment Generated 41.0% Share in 2020: Fortune Business Insights™ Based on the end-user, the market is divided into oil & gas, mineral & mining, archeological survey, and others. Amongst them, the mineral & mining segment earned 41.0% in terms of the geochemical services market share in 2020. It is set to remain at the forefront because of the urgent need to identify ore deposits that are buried deep under the earth’s surface. Request To Sample PDF Brochure: Report Coverage- Our analysts have conducted qualitative and quantitative research, as well as a mixture of primary and secondary resources to gather information about the market for pesticides carriers. They have taken data from press releases, paid databases, company journals, and other sources to offer a complete picture of the market. To collect information about the competitive landscape they have conducted interviews with renowned personalities present in this industry. Drivers & Restraints- Increasing Commercial Construction in Italy and U.K. to Bolster Growth The rising construction activities across utility, industrial, infrastructural, commercial, and residential sectors, especially in Europe and North America would propel the demand for geochemical services. Developed countries, such as Russia, Canada, France, U.K., and Germany have planned multiple construction projects that are yet to take place in the near future. At the same time, these countries are experiencing an increasing number of ongoing construction works to strengthen their infrastructural base. Besides, governments of these countries are offering subsidies to encourage investments in the construction industry. The commercial construction in U.K., Italy, Spain, and Canada to surge tourism would also drive the geochemical services market growth in the upcoming years. However, the high cost of monitoring equipment and geochemical instrumentation may hamper growth. Ask for Customization: Regional Insights- Surging Investments in Oil & Gas and Mining Industries to Help Asia Pacific Lead Regionally, Asia Pacific held USD 0.27 billion in 2020 in terms of revenue and is expected to dominate throughout the forthcoming years. This growth is attributable to the increasing norms put forward by government bodies to invest in mining and oil & gas sectors. In Europe, a large number of companies are supervising the deployment of effective geochemical services for various applications. Carbon Trust, for instance, issued new regulations for undertaking geotechnical surveying in April 2020. These norms would be able to streamline the operations of offshore wind farms by supporting the installation of subsea cables. Competitive Landscape- Key Players Focus on New Laboratory Development & Capacity Expansions to Compete in Market The global market contains various geochemical service providers that are majorly focusing on expanding their sample processing capacities to cater to the high consumer demand worldwide. A few others are developing new facilities to broaden their geographic footprint. Below are the two significant industry developments: Speak to Analyst: A list of renowned providers of geochemical services present in the global market: Quick Buy- Geochemical Services Market: Detailed Table of Content TOC Continued… Have a Look at Related Research Insights: Geohazard Market Size, Share & COVID-19 Impact Analysis, By Service (Site Investigation, Risk Assessment, Modelling, and Others), By End-User (Oil & Gas, Marine, Residential & Commercial, Infrastructure, and Others), and Regional Forecast, 2021-2028 Geotechnical Services Market Size, Share and COVID-19 Impact Analysis, By Type (Underground City Space, Slope and Excavation, and Ground and Foundation), By End-user (Municipal, Bridge and Tunnel, Oil & Gas, Mining, Marine, Building Construction, and Others), and Regional Forecast, 2020-2027 Water Clarifiers Market Size, Share, and Industry Analysis, By Type (Flocculants, Organic Coagulants, Inorganic Coagulants, Ph Stabilizers), By Application (Municipal, Pulp & Paper, Textiles, Petrochemicals, Metals & Mining, Others), and Regional Forecast, 2019-2026. Zero Liquid Discharge Market Size, Share and Industry Analysis, By Technology (Thermal Based, Membrane Based), By Application (Energy & Power, Food & Beverages, Chemical & Petrochemical, Textiles, Pharmaceutical, Others), and Regional Forecast, 2019 to 2026 About Us: Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in. Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data. 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