BASF and Olfar Innovate with Carbon Credit Exchange

Written by Corporativo

Published on 29/09/2023 at 07:32

Foto: vitorya paulo | public relations

Be the first to react!

Pioneering Strategy Boosts Sustainability in the Brazilian Industry.

In the wake of cutting-edge practices, BASF strengthens its operations in Brazil by completing a revolutionary exchange with Olfar, a state-based biodiesel producer. The transaction involves a mechanism called “barter,” based on Decarbonization Credits (CBIOs), aligning perfectly with the continuous search for sustainable solutions in the industry.

How Does This Innovative Operation Work?

Olfar, the holder of the CBIOs, transfers these assets acquired on the B3 to BASF. In return, it receives supply of specific products. This strategy, shaped by BASF from RenovaBio, not only encourages renewable energy in Brazil but also meets its customers’ demands. At the same time, Olfar capitalizes on these decarbonization credits as currency for agricultural inputs and sodium methylate, a key catalyst in the effective production of biodiesel.

ARTICLE CONTINUES BELOW

BASF and Olfar Innovate with Carbon Credit Exchange

Pioneering Strategy Boosts Sustainability in the Brazilian Industry.

With billions in loans, China is rebuilding Nigeria’s railway network from scratch, abandoning the British colonial tracks that have turned to scrap and creating a corridor of over 1,300 km to take the load off the roads of Africa’s largest economy.

Forget petroleum-based asphalt: a Scottish company transforms 684,000 plastic bottles into one kilometer of road that is 60% more resistant and up to 10 times more durable, and the technology has already started replacing traditional asphalt in more than 30 countries.

Austrian engineers have developed an inflatable concrete technology that transforms flat slabs into domes using only air pressure, eliminating scaffolding and temporary forms, and potentially changing the way bridges, tunnels, and curved roofs are constructed worldwide.

Australia prepares to dredge 96.5 million m³ in Moreton Bay to deepen, widen, and realign channels of the Port of Brisbane, in a project of up to 25 years designed to accommodate larger ships and enhance maritime safety and regional port efficiency.

A robot named Walter does the work of five bricklayers per hour and can save the construction industry, where the average age of professionals is 46 years and almost no one wants to learn the trade anymore, in the United Kingdom.

Cristiano Ronaldo builds a billion-dollar mansion in Portugal with 54,000 square feet, a 3-acre plot facing the Atlantic, private spa, indoor and outdoor pools, and an estimated value of an impressive R$ 385 million.

More than 10 tons of garbage are removed from Vila da Barca during a revitalization operation in Belém, in an initiative that combines urban cleaning, structural recovery, and environmental improvements to transform one of the most well-known areas of the capital of Pará.

An American tower with 54 rotating barrels kills entire swarms of kamikaze drones in less than 3 seconds without needing radar, while Brazil still spends millions on systems dependent on detectable electronics that are easy to bypass in real conflict.

Five cities in the North of Santa Catarina may once again be connected by passenger train after 35 years, in an effort that brings together municipal associations, the Joinville Chamber, and CIMU to reactivate the EF-485 and reduce the number of cars on the BR-280 and BR-116 highways.

Forget the common mining dust: BHP combines 150,000 native plants, windbreak curtains, and real-time monitoring to reduce particles in Port Hedland, where iron ore stockpiles face strong winds and even cyclone-ready systems during port operations.

Country ‘tears’ the sea with 340-meter underwater tunnels beneath the Atlantic to capture saltwater and erect a megaproject capable of producing up to 100 million liters of potable water per day in West Africa

BASF and Olfar Innovate with Carbon Credit Exchange

Pioneering Strategy Boosts Sustainability in the Brazilian Industry.

With billions in loans, China is rebuilding Nigeria’s railway network from scratch, abandoning the British colonial tracks that have turned to scrap and creating a corridor of over 1,300 km to take the load off the roads of Africa’s largest economy.

Forget petroleum-based asphalt: a Scottish company transforms 684,000 plastic bottles into one kilometer of road that is 60% more resistant and up to 10 times more durable, and the technology has already started replacing traditional asphalt in more than 30 countries.

Austrian engineers have developed an inflatable concrete technology that transforms flat slabs into domes using only air pressure, eliminating scaffolding and temporary forms, and potentially changing the way bridges, tunnels, and curved roofs are constructed worldwide.

Australia prepares to dredge 96.5 million m³ in Moreton Bay to deepen, widen, and realign channels of the Port of Brisbane, in a project of up to 25 years designed to accommodate larger ships and enhance maritime safety and regional port efficiency.

A robot named Walter does the work of five bricklayers per hour and can save the construction industry, where the average age of professionals is 46 years and almost no one wants to learn the trade anymore, in the United Kingdom.

Cristiano Ronaldo builds a billion-dollar mansion in Portugal with 54,000 square feet, a 3-acre plot facing the Atlantic, private spa, indoor and outdoor pools, and an estimated value of an impressive R$ 385 million.

The world could operate on clean electricity by 2050, but a study indicates that this would require up to 20 TW of renewable energy, more than 9 million hectares for solar, and strong cooperation between countries.

How does Brazil manage to deliver 13 gas cylinders per second?

While school construction still relies on months of traditional masonry, in Qatar two 50-meter 3D printers will build entire schools in concrete with machines the size of a construction site.

Giant arrives in Brazil with R$ 7.5 billion on the table to build a R$ 15 billion mega refinery and produce 1 billion liters per year

While many footbridges only serve to cross avenues, in Tehran a 270-meter bridge transforms into a suspended square with three levels, connects two parks, and even passes over a busy highway.

More than 10 tons of garbage are removed from Vila da Barca during a revitalization operation in Belém, in an initiative that combines urban cleaning, structural recovery, and environmental improvements to transform one of the most well-known areas of the capital of Pará.

An American tower with 54 rotating barrels kills entire swarms of kamikaze drones in less than 3 seconds without needing radar, while Brazil still spends millions on systems dependent on detectable electronics that are easy to bypass in real conflict.

Five cities in the North of Santa Catarina may once again be connected by passenger train after 35 years, in an effort that brings together municipal associations, the Joinville Chamber, and CIMU to reactivate the EF-485 and reduce the number of cars on the BR-280 and BR-116 highways.

Forget the common mining dust: BHP combines 150,000 native plants, windbreak curtains, and real-time monitoring to reduce particles in Port Hedland, where iron ore stockpiles face strong winds and even cyclone-ready systems during port operations.

Country ‘tears’ the sea with 340-meter underwater tunnels beneath the Atlantic to capture saltwater and erect a megaproject capable of producing up to 100 million liters of potable water per day in West Africa