BASF and bse Engineering Sign Development Agreement

On August 24, BASF and bse Engineering signed an exclusive joint development agreement for BASF to provide custom made catalysts for a new chemical energy storage process. This process will enable economically viable transformation of excess current and off-gas carbon dioxide (CO2) into the chemical energy storage methanol in small-scale, delocalized production units.
When generating current from renewable energy sources such as in wind or solar power plants, excess current is generated at times when consumers do not need it. This excess current can often not be reasonably used at the moment. The effective usage of this excess current is a decisive factor in making power production from renewable energy sources economically viable.
CO2 is generated in some industrial production plants such as in steel production, incineration plants or coal power plants. The reduction of this greenhouse gas is one of the most important targets set in the context of the 2015 Paris Climate Protection.