World’s Largest Chemical Maker Faces Reckoning When It Comes to Emissions

Bloomberg Quint | Dec 4, 2020 at 12:30 PM
  • For more than a century, BASF SE has stuck by its strategy of running sprawling, integrated chemical plants, even as rivals including DuPont Co. break up.
  • Even though BASF is expanding in new markets that score highly on the environmental scale, such as battery materials for electric vehicles and insulation, Chief Executive Officer Martin Brudermueller has no quick fix for gas-fueled steam crackers that split naphtha into ethylene and other basic building blocks for plastics and chemicals.
  • Arkema SA, which ranks lower in Bloomberg’s ESG scores than BASF, is selling an energy-intensive acrylics business to focus on high-performance adhesives and materials used in construction and EVs.