GSBM June Edition 2023 | Topic: Energy

GSBM June 2023

Energy Diversification

GESALO facilitated trips with the Ministry of Energy, the Ministry of Investment and the National Industrial Development and Logistics Program (NIDLP) to Germany. The Energy Day in May highlighted the benefit for stakeholders from business and politics to join forces in tackling energy diversification.

Our TOP stories in this issue shed light on how companies like BASF and Evonik are moving towards circularity of their products and processes to reduce greenhouse gas emissions and ultimately to achieve climate neutrality. BASF is using new technologies such as electrical heat pumps or electrolysis for CO2-free production of hydrogen to reach net zero by 2050. Evonik seeks to grow the proportion of its sustainable products from 43% to more than 50% by 2030.