#BASF freezes new business in #Russia but commits to existing business which includes developing a ‘zero carbon’ nickel pipeline into Germany via Finland for lithium ion batteries and #EV reuters.com/article/ukrain…
European battery and EV makers need the more localised Nornickel - BASF nickel unless they want to rely more on Indonesia and China sources for the bulk of nickel needs.
And comes with its own ESG issues to deal with: tailings disposal, deforestation, carbon footprint.
And comes with its own ESG issues to deal with: tailings disposal, deforestation, carbon footprint.
More high quality battery ready nickel sources means more batteries and more electric vehicles.
It also means less ICE vehicles and less oil.
Note: Russia supplies 25% of Europe’s oil and 40% of Europe’s diesel.
It also means less ICE vehicles and less oil.
Note: Russia supplies 25% of Europe’s oil and 40% of Europe’s diesel.
A moral clash of ideals: environment, technology, geopolitics, humanitarian. Take your pick.
Deglobalising and decarbonising has a cost. And the pathways are anything but straight.
Deglobalising and decarbonising has a cost. And the pathways are anything but straight.
In response to #Russia, #BASF turns to 🇨🇦 Canada … the geopolitics of the worlds biggest chemicals company is one to watch.
basf.com/global/en/medi…
basf.com/global/en/medi…
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