German chemical giant BASF SE is poised to embark on a groundbreaking venture as it secures formal funding approval amounting to EUR 124.3 million (USD 136.2 million) for its envisaged green hydrogen plant at the Ludwigshafen headquarters.
Browsing: Hy4Chem-EI
BASF, in collaboration with Siemens Energy, has received funding approval from the German Federal Ministry for Economic Affairs and Climate Action and the State of Rhineland-Palatinate. The funds will propel the construction of a proton exchange membrane electrolyzer, marking a substantial leap in the Hy4Chem-EI project at the Ludwigshafen site.
