For EU-REDcert-Methanol, the company replaces fossil raw materials with second-generation renewable raw materials, waste as well as residual materials. As a result, BASF reduces GHG emissions by at least 50 pct compared with conventionally produced methanol. In terms of its chemical and physical characteristics, biomass balanced methanol is identical to methanol produced from fossil resources.
BASF developed the "biomass balance method" together with TUV SUD. EU-REDcert-Methanol is certified according to the REDcert standard which proves the sustainable origin of the biomass used and the information on the reduction of greenhouse gas emissions. It is a standard for use as biofuel, recognized by the European Commission under the Renewable Energy Directive (RED). (Source: BASF, Green Car Congress, 13 Nov., 2018)Contact: BASF Venture Capital GmbH, www.basf-vc.de; TUV SUD, www.tuv-sud.com
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