BASF and Olfar Innovate with Carbon Credit Exchange

Written by Corporativo

Published on 29/09/2023 at 07:32

Foto: vitorya paulo | public relations

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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.

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BASF and Olfar Innovate with Carbon Credit Exchange

Pioneering Strategy Boosts Sustainability in the Brazilian Industry.

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BASF and Olfar Innovate with Carbon Credit Exchange

Pioneering Strategy Boosts Sustainability in the Brazilian Industry.

At just 14 years old, a boy creates a system without energy, using steel pipes buried in the ground, that irrigates seedlings with moisture from the air, to combat the water scarcity threatening reforestation in northern China.

Where there was only sand and wind at 40 degrees, China built a megacity of 500,000 inhabitants with farms, wineries, and universities in the middle of the desert using melted glacier water from hundreds of kilometers away.

At over 8,800 meters above sea level, the summit of Mount Everest is made up of rocks that originated at the bottom of an ocean about 500 million years ago and were pushed to the highest point on Earth by the collision of tectonic plates.

A couple builds a system to bring water from the spring to their land, climbs a hill with materials on their backs, and creates a simple, cheap, and sustainable solution to ensure their own water supply.

The end of total solar eclipses has a deadline: the Moon is moving away from the Earth at about 3.8 cm per year, and in approximately 600 million years, it will no longer completely cover the Sun, ending one of the rarest coincidences in the Solar System.

With 40% of all the gold on the planet buried in a single geological basin that is 2.7 billion years old in South Africa, the Witwatersrand still hides R$ 3 trillion in unreachable reserves.

In the depths of the African forest, these rare and terrifying native species dominate rivers, swamps, and treetops with venom, brute strength, lethal teeth, and behaviors that seem impossible in the heart of the wild.

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